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

Oppenheimer & Co. Inc. lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,944 shares of the business services provider’s stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP grew its position in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter worth $56,000. UMB Bank n.a. grew its holdings in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after acquiring an additional 66 shares during the last quarter. Spire Wealth Management raised its position in shares of Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after purchasing an additional 238 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Down 2.7 %

CLH stock opened at $207.68 on Tuesday. The company has a 50 day moving average of $230.28 and a two-hundred day moving average of $241.25. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 27.99 and a beta of 1.24. Clean Harbors, Inc. has a 12-month low of $183.84 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $1.82 earnings per share. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Truist Financial dropped their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price target 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. BMO Capital Markets lowered their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.56.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the 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 transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 924 shares of company stock valued at $219,570 in the last three months. Corporate insiders own 5.90% of the company’s stock.

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.