Heritage-Crystal Clean Inc. (HCCI) Downgraded by Zacks Investment Research to Hold
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. “
Separately, Needham & Company LLC upped their price target on shares of Heritage-Crystal Clean from $15.50 to $16.50 and gave the company a buy rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Heritage-Crystal Clean currently has an average rating of Buy and a consensus price target of $14.50.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) traded down 0.45% during mid-day trading on Wednesday, hitting $13.18. 3,899 shares of the stock traded hands. Heritage-Crystal Clean has a 12-month low of $7.19 and a 12-month high of $14.20. The firm’s 50 day moving average price is $13.21 and its 200-day moving average price is $11.91. The stock has a market cap of $295.32 million, a P/E ratio of 1013.85 and a beta of 1.35.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Heritage-Crystal Clean had a net margin of 0.08% and a return on equity of 2.23%. Analysts predict that Heritage-Crystal Clean will post $0.33 earnings per share for the current year.
In other Heritage-Crystal Clean news, VP Tom Hillstrom sold 15,000 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $13.21, for a total transaction of $198,150.00. Following the sale, the vice president now directly owns 3,810 shares of the company’s stock, valued at $50,330.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Heritage-Crystal Clean by 2.0% in the second quarter. Vanguard Group Inc. now owns 427,156 shares of the company’s stock valued at $5,215,000 after buying an additional 8,503 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Heritage-Crystal Clean by 23.7% in the second quarter. Dimensional Fund Advisors LP now owns 229,188 shares of the company’s stock valued at $2,798,000 after buying an additional 43,924 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Heritage-Crystal Clean by 414.3% in the second quarter. GSA Capital Partners LLP now owns 68,711 shares of the company’s stock worth $839,000 after buying an additional 55,351 shares in the last quarter. Van Den Berg Management I Inc. raised its position in shares of Heritage-Crystal Clean by 59.9% in the second quarter. Van Den Berg Management I Inc. now owns 64,755 shares of the company’s stock worth $791,000 after buying an additional 24,255 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Heritage-Crystal Clean during the second quarter worth about $4,518,000. Institutional investors and hedge funds own 49.84% of the company’s stock.
About Heritage-Crystal Clean
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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