Bank of New York Mellon Corp increased its position in shares of Heritage-Crystal Clean Inc. (NASDAQ:HCCI) by 178.1% during the second quarter, Holdings Channel reports. The fund owned 119,794 shares of the company’s stock after buying an additional 76,723 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of Heritage-Crystal Clean worth $1,463,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of HCCI. Sunnymeath Asset Management Inc. acquired a new stake in Heritage-Crystal Clean during the second quarter worth $281,000. Punch & Associates Investment Management Inc. acquired a new stake in Heritage-Crystal Clean during the second quarter worth $1,556,000. Renaissance Technologies LLC increased its stake in Heritage-Crystal Clean by 115.2% in the first quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock worth $267,000 after buying an additional 14,400 shares during the period. Geode Capital Management LLC increased its stake in Heritage-Crystal Clean by 0.7% in the first quarter. Geode Capital Management LLC now owns 95,471 shares of the company’s stock worth $948,000 after buying an additional 651 shares during the period. Finally, State Street Corp increased its stake in Heritage-Crystal Clean by 4.2% in the first quarter. State Street Corp now owns 140,568 shares of the company’s stock worth $1,398,000 after buying an additional 5,609 shares during the period. Hedge funds and other institutional investors own 49.84% of the company’s stock.
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) traded up 1.06% during mid-day trading on Monday, reaching $13.30. The company’s stock had a trading volume of 40,283 shares. The firm has a market capitalization of $298.01 million, a P/E ratio of 1023.08 and a beta of 1.35. Heritage-Crystal Clean Inc. has a 52 week low of $7.19 and a 52 week high of $14.20. The firm’s 50 day moving average price is $13.26 and its 200 day moving average price is $11.95.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. Heritage-Crystal Clean had a net margin of 0.08% and a return on equity of 2.23%. On average, analysts anticipate that Heritage-Crystal Clean Inc. will post $0.33 EPS for the current fiscal year.
A number of research firms recently weighed in on HCCI. Zacks Investment Research downgraded Heritage-Crystal Clean from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Needham & Company LLC lifted their price target on Heritage-Crystal Clean from $13.00 to $15.50 and gave the company a “buy” rating in a research note on Wednesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.50.
In related news, VP Tom Hillstrom sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $13.21, for a total value of $198,150.00. Following the completion of the transaction, the vice president now directly owns 3,810 shares of the company’s stock, valued at approximately $50,330.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 14.30% of the stock is currently owned by corporate insiders.
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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