Oppenheimer & Co. Inc. Sells 4,990 Shares of Clean Harbors, Inc. (NYSE:CLH)

Oppenheimer & Co. Inc. lessened its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 62.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,954 shares of the business services provider's stock after selling 4,990 shares during the period. Oppenheimer & Co. Inc.'s holdings in Clean Harbors were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CLH. Kapitalo Investimentos Ltda bought a new position in Clean Harbors in the 4th quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares in the last quarter. Assetmark Inc. grew its position in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Clean Harbors in the 4th quarter worth about $56,000. Finally, Carolinas Wealth Consulting LLC boosted its stake in shares of Clean Harbors by 2,800.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock valued at $60,000 after purchasing an additional 252 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CLH. Truist Financial decreased their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Stock Up 1.7%

Shares of CLH stock traded up $3.81 on Thursday, hitting $234.15. The stock had a trading volume of 332,400 shares, compared to its average volume of 350,698. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The business has a 50 day moving average of $225.78 and a 200 day moving average of $220.23. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 32.43 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.29 earnings per share. Clean Harbors's revenue was up 4.0% on a year-over-year basis. As a group, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In related news, Director John R. Welch sold 1,250 shares of Clean Harbors stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the transaction, the director directly owned 11,402 shares in the company, valued at approximately $2,605,471.02. The trade was a 9.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Speights sold 1,022 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the sale, the insider owned 16,310 shares in the company, valued at approximately $3,726,671.90. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock worth $3,416,406 in the last ninety days. Corporate insiders own 5.60% of the company's stock.

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.