Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) has received a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $29.80.
A number of brokerages have recently commented on HCCI. BidaskClub cut Heritage-Crystal Clean from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, July 31st. Barrington Research upped their price objective on Heritage-Crystal Clean from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, ValuEngine cut Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st.
HCCI stock opened at $24.64 on Tuesday. Heritage-Crystal Clean has a fifty-two week low of $19.01 and a fifty-two week high of $29.01. The business’s 50 day moving average price is $25.95 and its two-hundred day moving average price is $26.32. 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 capitalization of $562.18 million, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Heritage-Crystal Clean had a return on equity of 6.78% and a net margin of 3.13%. The firm had revenue of $105.00 million for the quarter, compared to the consensus estimate of $107.75 million. Sell-side analysts forecast that Heritage-Crystal Clean will post 1.09 earnings per share for the current year.
In other news, Director Robert W. Willmschen, Jr. sold 4,296 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $27.25, for a total transaction of $117,066.00. Following the transaction, the director now directly owns 47,689 shares of the company’s stock, valued at approximately $1,299,525.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ellie Bruce sold 2,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.05, for a total value of $50,100.00. Following the transaction, the vice president now directly owns 78,478 shares in the company, valued at $1,965,873.90. The disclosure for this sale can be found here. Insiders sold a total of 8,796 shares of company stock worth $232,716 over the last ninety days. 8.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCCI. Bank of America Corp DE lifted its holdings in shares of Heritage-Crystal Clean by 100.5% during the 4th quarter. Bank of America Corp DE now owns 11,910 shares of the industrial products company’s stock valued at $274,000 after buying an additional 5,971 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Heritage-Crystal Clean by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 941,255 shares of the industrial products company’s stock worth $21,658,000 after acquiring an additional 4,634 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Heritage-Crystal Clean by 476.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 2,562 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Heritage-Crystal Clean by 41.9% during the first quarter. Wedge Capital Management L L P NC now owns 48,378 shares of the industrial products company’s stock worth $1,328,000 after acquiring an additional 14,292 shares during the period. Finally, Cadence Capital Management LLC increased its position in shares of Heritage-Crystal Clean by 1.8% during the first quarter. Cadence Capital Management LLC now owns 125,997 shares of the industrial products company’s stock worth $3,459,000 after acquiring an additional 2,199 shares during the period. 64.05% of the stock is currently owned by hedge funds and other institutional investors.
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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