Oppenheimer & Co. Inc. Has $1.46 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Oppenheimer & Co. Inc. increased its position in Clean Harbors, Inc. (NYSE:CLH) by 45.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,031 shares of the business services provider’s stock after purchasing an additional 1,882 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Clean Harbors were worth $1,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after buying an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. bought a new stake in shares of Clean Harbors during the 2nd quarter valued at $42,968,000. Marshall Wace LLP lifted its stake in shares of Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after purchasing an additional 90,756 shares during the period. Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after purchasing an additional 63,800 shares during the period. 90.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating 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 stock. According to MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average target price of $254.33.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,227 shares of company stock valued at $2,759,617. 5.90% of the stock is owned by insiders.

Clean Harbors Trading Down 1.3 %

Shares of NYSE:CLH opened at $247.39 on Monday. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 32.21 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The company’s fifty day simple moving average is $249.02 and its 200 day simple moving average is $233.92. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released 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). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. As a group, research analysts forecast 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.