Heritage-Crystal Clean Inc. (HCCI) Sees Large Volume Increase
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) shares saw an uptick in trading volume on Friday . 137,977 shares traded hands during trading, an increase of 154% from the previous session’s volume of 54,398 shares.The stock last traded at $12.80 and had previously closed at $12.75.
Several research firms have recently issued reports on HCCI. Robert W. Baird restated a “buy” rating on shares of Heritage-Crystal Clean in a report on Friday, May 6th. Zacks Investment Research upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Needham & Company LLC raised their price objective on Heritage-Crystal Clean from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, June 22nd. Finally, TheStreet upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $13.25.
The stock has a market cap of $286.34 million and a PE ratio of 673.68. The firm’s 50-day moving average price is $12.45 and its 200 day moving average price is $10.20.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The company earned $78.50 million during the quarter, compared to analysts’ expectations of $84 million. On average, equities analysts forecast that Heritage-Crystal Clean Inc. will post $0.24 EPS for the current fiscal year.
In other news, Director Brian Recatto bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average price of $10.03 per share, with a total value of $100,300.00. Following the completion of the acquisition, the director now directly owns 25,933 shares in the company, valued at $260,107.99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Other hedge funds and institutional investors recently bought and sold shares of the company. Russell Frank Co boosted its position in Heritage-Crystal Clean by 3.9% in the fourth quarter. Russell Frank Co now owns 342,800 shares of the company’s stock valued at $3,644,000 after buying an additional 12,800 shares in the last quarter. Morgan Stanley boosted its position in Heritage-Crystal Clean by 9.3% in the fourth quarter. Morgan Stanley now owns 251,608 shares of the company’s stock valued at $2,668,000 after buying an additional 21,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Heritage-Crystal Clean by 24.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 174,951 shares of the company’s stock valued at $1,854,000 after buying an additional 33,920 shares in the last quarter. Central Securities Corp boosted its position in Heritage-Crystal Clean by 18.9% in the fourth quarter. Central Securities Corp now owns 700,000 shares of the company’s stock valued at $7,420,000 after buying an additional 111,288 shares in the last quarter. Finally, Royce & Associates LLC boosted its position in Heritage-Crystal Clean by 16.9% in the fourth quarter. Royce & Associates LLC now owns 1,245,130 shares of the company’s stock valued at $13,198,000 after buying an additional 180,000 shares in the last quarter.
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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