Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 28.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,068 shares of the business services provider's stock after selling 21,692 shares during the period. Oppenheimer Asset Management Inc. owned 0.10% of Clean Harbors worth $13,069,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Innealta Capital LLC purchased a new stake in Clean Harbors in the 2nd quarter valued at approximately $25,000. UMB Bank n.a. lifted its position in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors during the second quarter valued at $56,000. CENTRAL TRUST Co increased its position in Clean Harbors by 161.6% during 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 in the last quarter. Finally, Blue Trust Inc. raised 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 valued at $72,000 after purchasing an additional 173 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert Speights sold 610 shares of the stock in a transaction dated 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 transaction, the insider now owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lauren States sold 309 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now directly owns 13,458 shares of the company's stock, valued at $3,284,963.22. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,227 shares of company stock valued at $2,759,617. Corporate insiders own 5.90% of the company's stock.

Clean Harbors Trading Down 3.3 %

NYSE CLH traded down $8.57 during mid-day trading on Thursday, hitting $250.52. The company's stock had a trading volume of 243,088 shares, compared to its average volume of 297,740. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 52-week low of $158.42 and a 52-week high of $267.11. The stock's fifty day simple moving average is $248.71 and its two-hundred day simple moving average is $233.02. The firm has a market capitalization of $13.50 billion, a P/E ratio of 32.62 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company posted $1.68 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Analyst Ratings Changes

CLH has been the subject of a number of recent research reports. Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus reiterated a "buy" rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Needham & Company LLC reduced their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Robert W. Baird lowered their price objective on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer increased their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $254.33.

About Clean Harbors

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.