American International Group Inc. increased its position in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,852 shares of the industrial products company’s stock after buying an additional 513 shares during the period. American International Group Inc.’s holdings in Heritage-Crystal Clean were worth $108,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HCCI. Trexquant Investment LP bought a new stake in Heritage-Crystal Clean during the first quarter worth about $149,000. Ameriprise Financial Inc. raised its stake in Heritage-Crystal Clean by 25.7% in the first quarter. Ameriprise Financial Inc. now owns 306,044 shares of the industrial products company’s stock worth $4,193,000 after buying an additional 62,533 shares during the period. Bank of New York Mellon Corp raised its stake in Heritage-Crystal Clean by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 124,766 shares of the industrial products company’s stock worth $1,709,000 after buying an additional 7,596 shares during the period. First Trust Advisors LP raised its stake in Heritage-Crystal Clean by 12.9% in the first quarter. First Trust Advisors LP now owns 166,004 shares of the industrial products company’s stock worth $2,274,000 after buying an additional 18,972 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Heritage-Crystal Clean by 0.8% in the first quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock worth $143,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 53.35% of the company’s stock.

Shares of Heritage-Crystal Clean, Inc. (HCCI) opened at 18.75 on Thursday. The firm’s 50-day moving average price is $16.77 and its 200-day moving average price is $15.34. The firm has a market cap of $424.01 million, a price-to-earnings ratio of 24.48 and a beta of 2.10. Heritage-Crystal Clean, Inc. has a 52 week low of $11.85 and a 52 week high of $19.45.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. The company had revenue of $86.38 million during the quarter, compared to analysts’ expectations of $82.45 million. Equities research analysts expect that Heritage-Crystal Clean, Inc. will post $0.70 EPS for the current fiscal year.

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A number of research firms have recently issued reports on HCCI. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, July 28th. Barrington Research increased their target price on Heritage-Crystal Clean from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Needham & Company LLC increased their target price on Heritage-Crystal Clean from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird lowered Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and increased their target price for the company from $17.00 to $20.00 in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.50.

In other news, Director Carmine Falcone sold 4,500 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $15.35, for a total value of $69,075.00. Following the transaction, the director now directly owns 3,420 shares in the company, valued at $52,497. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ellie Bruce sold 2,252 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total value of $38,284.00. Following the completion of the transaction, the vice president now owns 23,281 shares in the company, valued at $395,777. The disclosure for this sale can be found here. Insiders sold 8,752 shares of company stock valued at $139,659 in the last ninety days. Insiders own 14.80% 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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Institutional Ownership by Quarter for Heritage-Crystal Clean (NASDAQ:HCCI)

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