Zacks Investment Research lowered shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a strong-buy rating to a hold rating in a report issued on Thursday morning.
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 analysts also recently issued research reports about the company. BidaskClub raised Heritage-Crystal Clean from a sell rating to a hold rating in a research note on Friday, July 27th. Roth Capital set a $28.00 price target on Heritage-Crystal Clean and gave the company a buy rating in a research note on Saturday, July 28th. Barrington Research set a $24.00 price target on Heritage-Crystal Clean and gave the company a buy rating in a research note on Thursday, July 19th. ValuEngine raised Heritage-Crystal Clean from a hold rating to a buy rating in a research note on Wednesday. Finally, Robert W. Baird raised Heritage-Crystal Clean from a neutral rating to an outperform rating in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $26.67.
Shares of HCCI traded up $0.58 during midday trading on Thursday, hitting $22.68. The stock had a trading volume of 926 shares, compared to its average volume of 53,307. Heritage-Crystal Clean has a twelve month low of $17.10 and a twelve month high of $25.20. The company has a market capitalization of $494.16 million, a price-to-earnings ratio of 32.71, a P/E/G ratio of 1.76 and a beta of 1.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.53 and a quick ratio of 1.99.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Wednesday, October 17th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Heritage-Crystal Clean had a return on equity of 7.86% and a net margin of 6.00%. The firm had revenue of $99.67 million for the quarter, compared to the consensus estimate of $96.20 million. Sell-side analysts anticipate that Heritage-Crystal Clean will post 0.81 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in HCCI. Citigroup Inc. increased its position in shares of 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. Element Capital Management LLC acquired a new stake in shares of Heritage-Crystal Clean in the first quarter valued at about $216,000. Citadel Advisors LLC acquired a new stake in shares of Heritage-Crystal Clean in the second quarter valued at about $262,000. A.R.T. Advisors LLC acquired a new stake in shares of Heritage-Crystal Clean in the first quarter valued at about $289,000. Finally, Globeflex Capital L P increased its position in shares of 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. 59.03% of the stock is currently owned by institutional investors and hedge funds.
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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