Zacks Investment Research downgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a buy rating to a hold rating in a research report report published 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. “
Other research analysts have also issued reports about the stock. Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the company a buy rating in a research note on Friday, October 20th. BidaskClub raised shares of Heritage-Crystal Clean from a hold rating to a buy rating in a research note on Wednesday, December 20th. Stifel Nicolaus reissued a buy rating and set a $23.00 target price on shares of Heritage-Crystal Clean in a research note on Thursday, October 19th. Finally, Robert W. Baird boosted their target price on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a neutral rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Heritage-Crystal Clean currently has an average rating of Buy and a consensus price target of $23.50.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $83.33 million for the quarter, compared to analyst estimates of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. equities research analysts predict that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Heritage-Crystal Clean in the 3rd quarter worth approximately $132,000. Nationwide Fund Advisors lifted its stake in shares of Heritage-Crystal Clean by 10.0% in the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 770 shares during the period. First Trust Advisors LP acquired a new stake in shares of Heritage-Crystal Clean in the 3rd quarter worth approximately $225,000. The Manufacturers Life Insurance Company lifted its stake in shares of Heritage-Crystal Clean by 18.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 2,214 shares during the period. Finally, CMH Wealth Management LLC bought a new stake in shares of Heritage-Crystal Clean in the 4th quarter worth approximately $228,000. 58.56% of the stock is owned by institutional investors.
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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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