Macquarie Group Ltd. lessened its holdings in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,379 shares of the industrial products company’s stock after selling 14,941 shares during the quarter. Macquarie Group Ltd. owned 0.15% of Heritage-Crystal Clean worth $748,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HCCI. State Street Corp grew its stake in Heritage-Crystal Clean by 12.6% during the 2nd quarter. State Street Corp now owns 198,229 shares of the industrial products company’s stock valued at $3,150,000 after purchasing an additional 22,189 shares in the last quarter. Nationwide Fund Advisors grew its stake in Heritage-Crystal Clean by 439.9% during the 3rd quarter. Nationwide Fund Advisors now owns 45,876 shares of the industrial products company’s stock valued at $998,000 after purchasing an additional 37,379 shares in the last quarter. First Trust Advisors LP acquired a new stake in Heritage-Crystal Clean during the 3rd quarter valued at approximately $225,000. Prudential Financial Inc. acquired a new stake in Heritage-Crystal Clean during the 3rd quarter valued at approximately $350,000. Finally, Bank of New York Mellon Corp grew its stake in Heritage-Crystal Clean by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 172,025 shares of the industrial products company’s stock valued at $3,742,000 after purchasing an additional 5,058 shares in the last quarter. Hedge funds and other institutional investors own 61.14% of the company’s stock.
HCCI has been the subject of a number of recent analyst reports. TheStreet upgraded Heritage-Crystal Clean from a “c+” rating to a “b+” rating in a research note on Monday, April 2nd. BidaskClub raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Friday, January 5th. ValuEngine raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 target price on shares of Heritage-Crystal Clean in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.83.
In other Heritage-Crystal Clean news, Director Robert W. Willmschen, Jr. sold 5,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $23.22, for a total transaction of $116,100.00. Following the transaction, the director now owns 47,920 shares of the company’s stock, valued at approximately $1,112,702.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 14.80% of the company’s stock.
NASDAQ:HCCI opened at $22.50 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.31 and a current ratio of 2.84. Heritage-Crystal Clean, Inc. has a 52 week low of $14.20 and a 52 week high of $25.20. The company has a market cap of $533.43, a price-to-earnings ratio of 33.09, a PEG ratio of 1.50 and a beta of 1.74.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Heritage-Crystal Clean had a return on equity of 7.15% and a net margin of 7.68%. The company had revenue of $115.79 million for the quarter, compared to the consensus estimate of $113.46 million. research analysts forecast that Heritage-Crystal Clean, Inc. will post 0.92 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Heritage-Crystal Clean, Inc. (HCCI) Holdings Trimmed by Macquarie Group Ltd.” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/09/heritage-crystal-clean-inc-hcci-holdings-trimmed-by-macquarie-group-ltd.html.
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.
Want to see what other hedge funds are holding HCCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage-Crystal Clean, Inc. (NASDAQ:HCCI).
Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with MarketBeat.com's FREE daily email newsletter.