Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,944 shares of the business services provider’s stock after acquiring an additional 1,913 shares during the period. Oppenheimer & Co. Inc.’s holdings in Clean Harbors were worth $1,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. K.J. Harrison & Partners Inc grew its position in shares of Clean Harbors by 9.0% in the 4th quarter. K.J. Harrison & Partners Inc now owns 17,495 shares of the business services provider’s stock worth $4,015,000 after acquiring an additional 1,443 shares in the last quarter. Amalgamated Bank boosted its holdings in Clean Harbors by 0.3% in the fourth quarter. Amalgamated Bank now owns 24,263 shares of the business services provider’s stock worth $5,584,000 after purchasing an additional 73 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Clean Harbors during the fourth quarter valued at $4,948,000. Sigma Planning Corp raised its holdings in shares of Clean Harbors by 44.7% during the fourth quarter. Sigma Planning Corp now owns 6,446 shares of the business services provider’s stock worth $1,483,000 after purchasing an additional 1,990 shares during the period. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth $308,000. Institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 924 shares of company stock valued at $219,570. Company insiders own 5.90% of the company’s stock.

Clean Harbors Stock Down 2.7 %

Shares of Clean Harbors stock opened at $207.68 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $183.84 and a 1-year high of $267.11. The business’s fifty day moving average price is $230.28 and its two-hundred day moving average price is $241.25. The company has a market capitalization of $11.19 billion, a P/E ratio of 27.99 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. StockNews.com lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. TD Cowen started coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Robert W. Baird reduced their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Oppenheimer dropped their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $270.56.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.