Cornerstone Capital Management Holdings LLC. raised its position in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 73.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,578 shares of the industrial products company’s stock after purchasing an additional 35,300 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.37% of Heritage-Crystal Clean worth $1,817,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 361 Capital LLC acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at about $2,321,000. Janus Henderson Group PLC purchased a new stake in Heritage-Crystal Clean during the 2nd quarter valued at about $1,193,000. Prudential Financial Inc. purchased a new stake in Heritage-Crystal Clean during the 3rd quarter valued at about $350,000. Van ECK Associates Corp purchased a new stake in Heritage-Crystal Clean during the 3rd quarter valued at about $357,000. Finally, American Century Companies Inc. purchased a new stake in Heritage-Crystal Clean during the 3rd quarter valued at about $515,000. 58.56% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on HCCI shares. BidaskClub downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $23.00 price target on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Robert W. Baird increased their target price on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Heritage-Crystal Clean presently has a consensus rating of “Buy” and an average price target of $23.17.
Heritage-Crystal Clean, Inc. (HCCI) traded up $0.95 during trading hours on Friday, hitting $24.05. The company had a trading volume of 200,579 shares, compared to its average volume of 89,496. The firm has a market capitalization of $550.26, a PE ratio of 27.64, a PEG ratio of 1.70 and a beta of 1.96. Heritage-Crystal Clean, Inc. has a 12-month low of $12.85 and a 12-month high of $24.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business had revenue of $83.33 million during the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. sell-side analysts forecast that Heritage-Crystal Clean, Inc. will post 0.63 EPS for the current year.
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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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