99,201 Shares in Clean Harbors, Inc. $CLH Purchased by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 99,201 shares of the business services provider’s stock, valued at approximately $28,444,000. OP Asset Management Ltd owned about 0.19% of Clean Harbors at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $26,000. Quattro Advisors LLC purchased a new position in shares of Clean Harbors in the fourth quarter valued at $26,000. MidFirst Bank bought a new stake in Clean Harbors in the fourth quarter worth $28,000. Parkside Financial Bank & Trust increased its position in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Needham & Company LLC lifted their price target on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial boosted their price objective on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus assumed coverage on Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price objective on the stock. Finally, Barclays lifted their target price on Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.23.

Clean Harbors Trading Up 3.2%

NYSE CLH opened at $299.21 on Thursday. The stock has a market cap of $15.81 billion, a PE ratio of 40.54 and a beta of 0.87. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The company’s 50-day moving average price is $293.57 and its 200-day moving average price is $277.04. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

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.