Heritage-Crystal Clean Inc. (HCCI) Sees Unusually-High Trading Volume
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) saw an uptick in trading volume on Friday . 137,977 shares changed hands during mid-day 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.
A number of brokerages have issued reports on HCCI. Robert W. Baird reiterated a “buy” rating on shares of Heritage-Crystal Clean in a research note on Friday, May 6th. Zacks Investment Research upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC increased their price target on Heritage-Crystal Clean from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Finally, TheStreet upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Heritage-Crystal Clean currently has an average rating of “Buy” and an average price target of $13.25.
The company’s 50-day moving average is $12.45 and its 200-day moving average is $10.20. The company has a market capitalization of $286.34 million and a price-to-earnings ratio of 673.68.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data 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 firm had revenue of $78.50 million for the quarter, compared to analyst estimates of $84 million. On average, analysts forecast that Heritage-Crystal Clean Inc. will post $0.24 earnings per share for the current fiscal year.
In other Heritage-Crystal Clean news, Director Brian Recatto bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average cost of $10.03 per share, for a total transaction of $100,300.00. Following the completion of the transaction, the director now directly owns 25,933 shares of the company’s stock, valued at approximately $260,107.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds and institutional investors have bought and sold shares of the stock. Dimensional Fund Advisors LP increased 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 worth $1,854,000 after buying an additional 33,920 shares in the last quarter. Morgan Stanley increased 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 worth $2,668,000 after buying an additional 21,506 shares in the last quarter. Russell Frank Co increased 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 worth $3,644,000 after buying an additional 12,800 shares in the last quarter. Central Securities Corp increased 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 worth $7,420,000 after buying an additional 111,288 shares in the last quarter. Finally, Royce & Associates LLC raised 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 worth $13,198,000 after buying an additional 180,000 shares during 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.