39,014 Shares in Clean Harbors, Inc. $CLH Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, Holdings Channel reports. The fund bought 39,014 shares of the business services provider’s stock, valued at approximately $11,655,000.

Several other hedge funds have also modified their holdings of CLH. Quattro Advisors LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in Clean Harbors during the 4th quarter worth about $26,000. Parkside Financial Bank & Trust lifted its stake in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. MidFirst Bank purchased a new stake in Clean Harbors during the fourth quarter valued at about $28,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after buying an additional 115 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $321.65 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The business has a fifty day simple moving average of $301.56 and a 200 day simple moving average of $292.36. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 39.03, a P/E/G ratio of 2.11 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 target price on shares of Clean Harbors in a research report on Thursday, July 30th. Needham & Company LLC upped their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of Clean Harbors in a research note on Thursday, July 30th. Barclays lifted their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is owned by company insiders.

Clean Harbors Company Profile

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.