Heritage-Crystal Clean (HCCI) Downgraded by BidaskClub

BidaskClub downgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a sell rating to a strong sell rating in a research report released on Friday.

HCCI has been the topic of several other reports. Zacks Investment Research upgraded Heritage-Crystal Clean from a sell rating to a hold rating in a report on Wednesday, July 11th. Barrington Research set a $24.00 target price on Heritage-Crystal Clean and gave the stock a buy rating in a report on Thursday, July 19th. Finally, Roth Capital set a $28.00 target price on Heritage-Crystal Clean and gave the stock a buy rating in a report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Heritage-Crystal Clean currently has a consensus rating of Buy and a consensus target price of $25.17.

Shares of Heritage-Crystal Clean stock opened at $21.65 on Friday. The company has a market cap of $502.46 million, a PE ratio of 32.54, a P/E/G ratio of 1.76 and a beta of 1.84. Heritage-Crystal Clean has a 1-year low of $17.10 and a 1-year high of $25.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.99 and a current ratio of 2.53.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Wednesday, July 25th. The industrial products company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The business had revenue of $100.30 million for the quarter, compared to analysts’ expectations of $92.52 million. Heritage-Crystal Clean had a return on equity of 6.79% and a net margin of 5.83%. analysts expect that Heritage-Crystal Clean will post 0.83 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Globeflex Capital L P lifted its holdings in Heritage-Crystal Clean by 14.5% in the second quarter. Globeflex Capital L P now owns 17,400 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Heritage-Crystal Clean by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,273 shares of the industrial products company’s stock valued at $1,473,000 after acquiring an additional 2,433 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Heritage-Crystal Clean by 6.5% in the second quarter. California Public Employees Retirement System now owns 42,922 shares of the industrial products company’s stock valued at $863,000 after acquiring an additional 2,622 shares during the last quarter. Citigroup Inc. lifted its holdings in Heritage-Crystal Clean by 88.1% in the first quarter. Citigroup Inc. now owns 6,797 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 3,184 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Heritage-Crystal Clean by 2.1% in the first quarter. Northern Trust Corp now owns 164,319 shares of the industrial products company’s stock valued at $3,869,000 after acquiring an additional 3,302 shares during the last quarter. Institutional investors and hedge funds own 61.87% of the company’s stock.

About Heritage-Crystal Clean

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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Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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