Oppenheimer Asset Management Inc. Increases Stake in Clean Harbors, Inc. (CLH)

Oppenheimer Asset Management Inc. grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,815 shares of the business services provider’s stock after purchasing an additional 2,822 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.29% of Clean Harbors worth $9,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in Clean Harbors by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 4,355 shares of the business services provider’s stock worth $243,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Clean Harbors by 0.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,043 shares of the business services provider’s stock worth $471,000 after acquiring an additional 61 shares in the last quarter. Sicart Associates LLC boosted its stake in Clean Harbors by 0.3% during the second quarter. Sicart Associates LLC now owns 47,950 shares of the business services provider’s stock worth $2,677,000 after acquiring an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Clean Harbors by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after acquiring an additional 188 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Clean Harbors by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 77,288 shares of the business services provider’s stock worth $4,315,000 after acquiring an additional 194 shares in the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Brian P. Weber sold 490 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $56.18, for a total transaction of $27,528.20. Following the completion of the transaction, the executive vice president now directly owns 59,413 shares of the company’s stock, valued at $3,337,822.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric J. Dugas sold 1,139 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $53.26, for a total transaction of $60,663.14. Following the transaction, the senior vice president now directly owns 13,777 shares of the company’s stock, valued at $733,763.02. The disclosure for this sale can be found here. Insiders have sold 2,726 shares of company stock valued at $147,429 over the last three months. 8.90% of the stock is owned by corporate insiders.

CLH has been the topic of several research reports. Oppenheimer dropped their price objective on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $57.00 target price on shares of Clean Harbors in a report on Wednesday, November 1st. Raymond James Financial raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Clean Harbors in a report on Friday, November 3rd. Finally, ValuEngine raised shares of Clean Harbors from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Clean Harbors has an average rating of “Hold” and an average target price of $61.00.

Clean Harbors, Inc. (NYSE:CLH) traded up $0.37 on Friday, hitting $53.52. 254,400 shares of the stock traded hands, compared to its average volume of 319,020. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.19 and a quick ratio of 1.86. Clean Harbors, Inc. has a 1 year low of $49.63 and a 1 year high of $61.62. The stock has a market capitalization of $3,026.02, a PE ratio of 265.75 and a beta of 1.03.

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Clean Harbors Profile

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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

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