Oppenheimer & Co. Inc. Reduces Holdings in Clean Harbors, Inc. (NYSE:CLH)

Oppenheimer & Co. Inc. trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLHFree Report) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,691 shares of the business services provider’s stock after selling 1,366 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Clean Harbors were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLH. Millburn Ridgefield Corp purchased a new position in shares of Clean Harbors in the third quarter worth approximately $25,000. Hollencrest Capital Management purchased a new position in Clean Harbors during the second quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Clean Harbors by 76.0% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 114 shares in the last quarter. First Horizon Advisors Inc. grew its position in Clean Harbors by 34.5% during the third quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 78 shares in the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new position in Clean Harbors during the third quarter valued at approximately $55,000. 90.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Clean Harbors from $186.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Wolfe Research assumed coverage on shares of Clean Harbors in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $184.00 target price for the company. Raymond James decreased their target price on shares of Clean Harbors from $200.00 to $190.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 2nd. Stifel Nicolaus boosted their target price on shares of Clean Harbors from $180.00 to $206.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Wells Fargo & Company started coverage on shares of Clean Harbors in a research report on Friday, December 8th. They issued an “overweight” rating and a $190.00 target price for the company. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $186.30.

View Our Latest Analysis on CLH

Clean Harbors Stock Up 0.2 %

CLH opened at $176.86 on Thursday. The firm’s 50-day simple moving average is $170.95 and its 200-day simple moving average is $166.99. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.68 and a current ratio of 2.00. Clean Harbors, Inc. has a twelve month low of $125.57 and a twelve month high of $180.22. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 26.56 and a beta of 1.24.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Alan S. Mckim sold 17,453 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $178.37, for a total transaction of $3,113,091.61. Following the sale, the insider now owns 2,672,211 shares of the company’s stock, valued at approximately $476,642,276.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Clean Harbors news, insider Alan S. Mckim sold 17,453 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $178.37, for a total transaction of $3,113,091.61. Following the transaction, the insider now directly owns 2,672,211 shares in the company, valued at approximately $476,642,276.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $164.82, for a total transaction of $1,318,560.00. Following the transaction, the chief executive officer now owns 68,787 shares in the company, valued at $11,337,473.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,964 shares of company stock valued at $9,121,999. 6.60% of the stock is owned by insiders.

About Clean Harbors

(Free Report)

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.

Further Reading

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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