Oppenheimer Asset Management Inc. Takes Position in Clean Harbors, Inc. $CLH

Oppenheimer Asset Management Inc. acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,014 shares of the business services provider’s stock, valued at approximately $11,655,000. Oppenheimer Asset Management Inc. owned about 0.07% of Clean Harbors as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quattro Advisors LLC acquired a new position in Clean Harbors in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its position in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. MidFirst Bank bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $28,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.4%

Shares of CLH stock opened at $321.65 on Friday. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The stock has a market cap of $16.98 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The business’s fifty day moving average is $301.56 and its 200-day moving average is $292.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $2.36 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLH has been the subject of a number of recent research reports. Truist Financial upped their price objective on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays raised their target price on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Citigroup boosted their price target on shares of Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus upped their price target on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, UBS Group increased their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.57.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is currently owned by insiders.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.