BidaskClub cut shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a buy rating to a hold rating in a report published on Thursday.

A number of other research firms have also recently commented on HCCI. Zacks Investment Research cut Heritage-Crystal Clean from a buy rating to a hold rating in a research report on Wednesday, September 27th. Stifel Nicolaus restated a buy rating and issued a $23.00 price objective on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Roth Capital set a $24.00 price objective on Heritage-Crystal Clean and gave the company a buy rating in a research report on Friday, October 20th. Finally, Robert W. Baird boosted their price objective on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a neutral rating in a research report on Friday, October 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Heritage-Crystal Clean has a consensus rating of Buy and an average price target of $22.50.

Shares of Heritage-Crystal Clean (HCCI) traded up $0.60 during mid-day trading on Thursday, reaching $22.35. The company had a trading volume of 98,600 shares, compared to its average volume of 81,533. The stock has a market capitalization of $515.94, a PE ratio of 25.69, a P/E/G ratio of 1.66 and a beta of 1.96. Heritage-Crystal Clean has a 52 week low of $12.85 and a 52 week high of $22.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The business had revenue of $83.33 million during the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. research analysts anticipate that Heritage-Crystal Clean will post 0.63 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of HCCI. Strs Ohio purchased a new stake in shares of Heritage-Crystal Clean during the third quarter worth approximately $132,000. Nationwide Fund Advisors increased its position in shares of Heritage-Crystal Clean by 10.0% during the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 770 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Heritage-Crystal Clean during the third quarter worth approximately $225,000. The Manufacturers Life Insurance Company increased its position in shares of Heritage-Crystal Clean by 18.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 2,214 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Heritage-Crystal Clean by 26.1% during the second quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 2,999 shares in the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.

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Heritage-Crystal Clean Company Profile

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.

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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