BidaskClub downgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a sell rating in a research note published on Wednesday morning, BidAskClub reports.
Several other research analysts also recently issued reports on HCCI. Barrington Research boosted their price objective on shares of Heritage-Crystal Clean from $30.00 to $31.00 and gave the stock an outperform rating in a report on Friday, July 26th. ValuEngine upgraded shares of Heritage-Crystal Clean from a hold rating to a buy rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a hold rating to a strong-buy rating and set a $32.00 price objective on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $29.80.
NASDAQ:HCCI opened at $26.34 on Wednesday. The firm’s 50-day moving average is $26.89 and its 200-day moving average is $26.41. Heritage-Crystal Clean has a 52-week low of $19.01 and a 52-week high of $29.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.45 and a current ratio of 1.82. The company has a market cap of $609.24 million, a price-to-earnings ratio of 38.74, a PEG ratio of 1.54 and a beta of 1.39.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a net margin of 3.13% and a return on equity of 6.78%. The company had revenue of $105.00 million for the quarter, compared to the consensus estimate of $107.75 million. Equities analysts predict that Heritage-Crystal Clean will post 1.09 EPS for the current year.
In related news, Director Carmine Falcone sold 2,500 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $26.22, for a total value of $65,550.00. Following the sale, the director now owns 1,985 shares of the company’s stock, valued at $52,046.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ellie Bruce sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.05, for a total transaction of $50,100.00. Following the completion of the sale, the vice president now directly owns 78,478 shares in the company, valued at approximately $1,965,873.90. The disclosure for this sale can be found here. In the last three months, insiders sold 8,796 shares of company stock worth $232,716. 8.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Heritage-Crystal Clean by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 170,588 shares of the industrial products company’s stock worth $3,924,000 after acquiring an additional 13,992 shares during the period. Bank of America Corp DE grew its holdings in shares of Heritage-Crystal Clean by 100.5% in the 4th quarter. Bank of America Corp DE now owns 11,910 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 5,971 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in shares of Heritage-Crystal Clean by 421.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,093 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,117 shares during the period. Legal & General Group Plc grew its holdings in shares of Heritage-Crystal Clean by 22.7% in the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 507 shares during the period. Finally, FMR LLC acquired a new stake in shares of Heritage-Crystal Clean in the 4th quarter worth approximately $7,800,000. 64.03% 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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