Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have earned a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.50.
Several research analysts recently weighed in on HCCI shares. TheStreet upgraded shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price on shares of Heritage-Crystal Clean in a research note on Wednesday, July 19th. Robert W. Baird lowered Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $20.00 in a research note on Thursday, July 27th. Finally, Needham & Company LLC upped their target price on Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th.
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Heritage-Crystal Clean (HCCI) remained flat at $18.55 on Thursday. 88,186 shares of the company’s stock traded hands. The company’s 50 day moving average is $16.96 and its 200 day moving average is $15.39. Heritage-Crystal Clean has a one year low of $11.85 and a one year high of $19.45. The firm has a market capitalization of $419.49 million, a PE ratio of 24.22 and a beta of 2.10.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $86.38 million for the quarter, compared to analysts’ expectations of $82.45 million. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.69%. On average, equities research analysts predict that Heritage-Crystal Clean will post $0.70 earnings per share for the current year.
In other news, Director Carmine Falcone sold 4,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $15.35, for a total transaction of $69,075.00. Following the completion of the sale, the director now owns 3,420 shares of the company’s stock, valued at $52,497. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Gregory Ray sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $16.15, for a total value of $32,300.00. Following the sale, the chief operating officer now directly owns 168,965 shares of the company’s stock, valued at approximately $2,728,784.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,752 shares of company stock valued at $139,659. 14.80% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in HCCI. State Street Corp raised its stake in Heritage-Crystal Clean by 4.7% in the fourth quarter. State Street Corp now owns 168,160 shares of the industrial products company’s stock worth $2,637,000 after buying an additional 7,555 shares during the period. Dimensional Fund Advisors LP raised its stake in Heritage-Crystal Clean by 16.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,168 shares of the industrial products company’s stock worth $5,121,000 after buying an additional 45,048 shares during the period. Allianz Asset Management AG bought a new stake in Heritage-Crystal Clean during the fourth quarter worth $206,000. Renaissance Technologies LLC raised its stake in Heritage-Crystal Clean by 42.0% in the fourth quarter. Renaissance Technologies LLC now owns 124,800 shares of the industrial products company’s stock worth $1,959,000 after buying an additional 36,900 shares during the period. Finally, Teachers Advisors LLC raised its stake in Heritage-Crystal Clean by 24.9% in the fourth quarter. Teachers Advisors LLC now owns 32,951 shares of the industrial products company’s stock worth $517,000 after buying an additional 6,578 shares during the period. 53.35% of the stock is owned by hedge funds and other institutional investors.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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