Oppenheimer Asset Management Inc. Sells 21,692 Shares of Clean Harbors, Inc. (NYSE:CLH)

Oppenheimer Asset Management Inc. lowered its stake in Clean Harbors, Inc. (NYSE:CLH) by 28.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,068 shares of the business services provider’s stock after selling 21,692 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.10% of Clean Harbors worth $13,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Clean Harbors in the 2nd quarter worth about $25,000. UMB Bank n.a. boosted its stake in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the period. Brown Brothers Harriman & Co. bought a new position in Clean Harbors in the 2nd quarter worth about $56,000. CENTRAL TRUST Co boosted its stake in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. Finally, Blue Trust Inc. boosted its stake in Clean Harbors by 117.7% in the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after purchasing an additional 173 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Oppenheimer raised their price target on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $254.33.

Insider Buying and Selling

In related news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,227 shares of company stock worth $2,759,617 in the last ninety days. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $259.13 on Thursday. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 33.74 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. The stock’s 50-day moving average is $248.43 and its 200 day moving average is $232.89.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Clean Harbors Company 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.