BidaskClub upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a strong sell rating to a sell rating in a report released on Thursday morning.
Several other brokerages have also recently weighed in on HCCI. Needham & Company LLC reaffirmed a buy rating and issued a $26.00 price objective on shares of Heritage-Crystal Clean in a report on Friday, March 2nd. Zacks Investment Research upgraded Heritage-Crystal Clean from a hold rating to a buy rating and set a $22.00 price target on the stock in a research note on Thursday, March 1st. ValuEngine upgraded Heritage-Crystal Clean from a hold rating to a buy rating in a research note on Thursday, March 1st. Robert W. Baird lifted their price target on Heritage-Crystal Clean from $22.00 to $24.00 and gave the company a neutral rating in a research note on Friday, March 2nd. Finally, Roth Capital reiterated a buy rating and issued a $26.00 price target on shares of Heritage-Crystal Clean in a research note on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $24.17.
Shares of NASDAQ HCCI opened at $20.00 on Thursday. The firm has a market capitalization of $460.32 million, a price-to-earnings ratio of 33.90, a P/E/G ratio of 1.62 and a beta of 1.75. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.12. Heritage-Crystal Clean has a fifty-two week low of $14.80 and a fifty-two week high of $25.20.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.09). The company had revenue of $83.15 million during the quarter, compared to analyst estimates of $84.60 million. Heritage-Crystal Clean had a net margin of 6.30% and a return on equity of 6.12%. equities research analysts forecast that Heritage-Crystal Clean will post 0.76 EPS for the current fiscal year.
In related news, VP John Lucks sold 3,748 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $20.35, for a total transaction of $76,271.80. Following the sale, the vice president now owns 96,005 shares in the company, valued at approximately $1,953,701.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.80% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in Heritage-Crystal Clean by 2.1% during the 4th quarter. BlackRock Inc. now owns 695,529 shares of the industrial products company’s stock worth $15,128,000 after acquiring an additional 14,489 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in Heritage-Crystal Clean during the 4th quarter worth $142,000. Sterling Capital Management LLC bought a new stake in Heritage-Crystal Clean during the 4th quarter worth $903,000. ArrowMark Colorado Holdings LLC grew its position in Heritage-Crystal Clean by 14.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,290,730 shares of the industrial products company’s stock worth $49,823,000 after acquiring an additional 286,196 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in Heritage-Crystal Clean by 3.9% during the 4th quarter. Martingale Asset Management L P now owns 119,049 shares of the industrial products company’s stock worth $2,590,000 after acquiring an additional 4,511 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.
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