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

Oppenheimer Asset Management Inc. reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,528 shares of the business services provider’s stock after selling 2,322 shares during the period. Oppenheimer Asset Management Inc. owned 0.10% of Clean Harbors worth $12,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Candriam S.C.A. boosted its holdings in Clean Harbors by 36.4% during the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after buying an additional 18,367 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Clean Harbors by 8.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after acquiring an additional 87,322 shares during the period. Triglav Investments D.O.O. bought a new position in Clean Harbors during the 3rd quarter worth approximately $441,000. Savant Capital LLC grew its holdings in Clean Harbors by 53.8% during the third quarter. Savant Capital LLC now owns 1,421 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 497 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Clean Harbors by 7.8% during the third quarter. Hantz Financial Services Inc. now owns 3,110 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 224 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the transaction, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is owned by company insiders.

Clean Harbors Trading Up 0.6%

NYSE CLH opened at $267.66 on Tuesday. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $269.70. 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 stock’s 50 day moving average price is $249.00 and its two-hundred day moving average price is $237.76. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 37.12 and a beta of 0.96.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CLH shares. Citigroup lifted their price target on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. Oppenheimer increased their price target on Clean Harbors from $237.00 to $283.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. The Goldman Sachs Group lifted their price objective on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, Wells Fargo & Company increased their target price on Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus 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.