Heritage-Crystal Clean Inc. (NASDAQ:HCCI) released its quarterly earnings data on Wednesday. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.09. The firm had revenue of $81.90 million for the quarter, compared to the consensus estimate of $82.50 million. Heritage-Crystal Clean had a return on equity of 2.23% and a net margin of 0.08%.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) opened at 13.10 on Thursday. The firm’s 50-day moving average price is $13.22 and its 200 day moving average price is $12.15. The company has a market capitalization of $293.53 million, a PE ratio of 1007.69 and a beta of 1.35. Heritage-Crystal Clean has a 52-week low of $7.19 and a 52-week high of $14.20.
Several research firms recently issued reports on HCCI. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Monday, August 1st. Needham & Company LLC raised their target price on Heritage-Crystal Clean from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Heritage-Crystal Clean presently has an average rating of “Buy” and a consensus price target of $14.75.
In other Heritage-Crystal Clean news, VP Tom Hillstrom sold 15,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $13.21, for a total transaction of $198,150.00. Following the completion of the transaction, the vice president now owns 3,810 shares of the company’s stock, valued at approximately $50,330.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Redmond Asset Management LLC boosted its stake in shares of Heritage-Crystal Clean by 0.9% in the second quarter. Redmond Asset Management LLC now owns 155,191 shares of the company’s stock valued at $1,895,000 after buying an additional 1,425 shares in the last quarter. State Street Corp boosted its stake in shares of Heritage-Crystal Clean by 11.5% in the second quarter. State Street Corp now owns 156,723 shares of the company’s stock valued at $1,913,000 after buying an additional 16,155 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of Heritage-Crystal Clean during the second quarter valued at about $225,000. Coe Capital Management LLC acquired a new stake in shares of Heritage-Crystal Clean during the second quarter valued at about $979,000. Finally, Teachers Advisors Inc. boosted its stake in shares of Heritage-Crystal Clean by 1.8% in the second quarter. Teachers Advisors Inc. now owns 19,037 shares of the company’s stock valued at $232,000 after buying an additional 337 shares in the last quarter. 49.84% of the stock is owned by institutional investors and hedge funds.
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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