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

Oppenheimer Asset Management Inc. reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,224 shares of the business services provider's stock after selling 2,844 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.10% of Clean Harbors worth $11,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Wellington Management Group LLP lifted its position in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider's stock worth $834,323,000 after buying an additional 100,394 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock valued at $68,367,000 after buying an additional 99,591 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Clean Harbors during the 3rd quarter worth $17,258,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Clean Harbors by 99.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider's stock worth $19,639,000 after buying an additional 42,555 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

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Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company's stock, valued at approximately $3,071,582.04. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 924 shares of company stock worth $219,570. Corporate insiders own 5.90% of the company's stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $5.87 during trading on Monday, hitting $207.68. 478,641 shares of the company were exchanged, compared to its average volume of 448,173. The firm has a 50 day moving average price of $230.70 and a 200 day moving average price of $241.46. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 27.99 and a beta of 1.24. 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, Inc. has a fifty-two week low of $183.84 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 earnings per share. On average, equities analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Oppenheimer decreased their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a report on Thursday, February 20th. Truist Financial decreased their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of "Moderate Buy" and a consensus target price of $270.56.

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.