Heritage-Crystal Clean Inc. (NASDAQ:HCCI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “
Separately, Needham & Company LLC raised their price objective on Heritage-Crystal Clean from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, June 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Heritage-Crystal Clean presently has a consensus rating of “Buy” and a consensus price target of $14.50.
Heritage-Crystal Clean (NASDAQ:HCCI) opened at 13.30 on Wednesday. Heritage-Crystal Clean has a one year low of $7.19 and a one year high of $14.20. The company has a market capitalization of $298.01 million, a PE ratio of 1023.08 and a beta of 1.35. The firm’s 50-day moving average is $13.19 and its 200 day moving average is $11.90.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Heritage-Crystal Clean had a return on equity of 2.23% and a net margin of 0.08%. On average, equities analysts expect that Heritage-Crystal Clean will post $0.33 EPS for the current fiscal year.
In other news, VP Tom Hillstrom sold 15,000 shares of Heritage-Crystal Clean stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $13.21, for a total transaction of $198,150.00. Following the transaction, the vice president now owns 3,810 shares in the company, valued at approximately $50,330.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in shares of Heritage-Crystal Clean by 4.2% in the first quarter. State Street Corp now owns 140,568 shares of the company’s stock valued at $1,398,000 after buying an additional 5,609 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Heritage-Crystal Clean during the second quarter valued at about $4,518,000. GSA Capital Partners LLP raised its stake in shares of Heritage-Crystal Clean by 414.3% in the second quarter. GSA Capital Partners LLP now owns 68,711 shares of the company’s stock valued at $839,000 after buying an additional 55,351 shares during the period. Renaissance Technologies LLC raised its stake in shares of Heritage-Crystal Clean by 115.2% in the first quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock valued at $267,000 after buying an additional 14,400 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Heritage-Crystal Clean by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 95,916 shares of the company’s stock valued at $953,000 after buying an additional 673 shares during the period. Institutional investors and hedge funds own 49.84% of the company’s stock.
Heritage-Crystal Clean Company Profile
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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