Oppenheimer Asset Management Inc. Has $12.90 Million Stock Position in Clean Harbors, Inc. $CLH

Oppenheimer Asset Management Inc. lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,528 shares of the business services provider’s stock after selling 2,322 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Clean Harbors were worth $12,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its position in Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after purchasing an additional 196 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Clean Harbors by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after purchasing an additional 5,884 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Clean Harbors in the 2nd quarter valued at about $48,000. Finally, Blair William & Co. IL grew its holdings in Clean Harbors by 12.2% during the second quarter. Blair William & Co. IL now owns 2,172 shares of the business services provider’s stock worth $502,000 after purchasing an additional 237 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Activity

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer owned 50,454 shares in the company, valued at $12,154,368.60. This represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Clean Harbors Trading Up 0.6%

Shares of Clean Harbors stock opened at $267.66 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The firm has a 50-day moving average of $249.00 and a 200-day moving average of $237.76. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $269.70. The stock has a market cap of $14.30 billion, a PE ratio of 37.12 and a beta of 0.96.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Wells Fargo & Company lifted their price objective on shares of Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Citigroup increased their price objective on shares of Clean Harbors from $263.00 to $274.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Needham & Company LLC raised their target price on shares of Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

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.