Heritage-Crystal Clean (HCCI) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a buy rating in a research note released on Friday. They currently have $27.00 price target on the industrial products company’s stock.
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. “
A number of other brokerages also recently issued reports on HCCI. BidaskClub upgraded Heritage-Crystal Clean from a hold rating to a buy rating in a report on Tuesday. Stifel Nicolaus restated a buy rating and set a $23.00 price target on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the company a buy rating in a report on Friday, October 20th. Finally, Robert W. Baird boosted their price target on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a neutral rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $23.50.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The business had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. equities research analysts anticipate that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of HCCI. Walthausen & Co. LLC grew its holdings in shares of Heritage-Crystal Clean by 44.1% during the 2nd quarter. Walthausen & Co. LLC now owns 660,650 shares of the industrial products company’s stock worth $10,504,000 after acquiring an additional 202,230 shares during the period. Algert Global LLC purchased a new position in shares of Heritage-Crystal Clean during the 3rd quarter worth approximately $4,375,000. Dimensional Fund Advisors LP grew its holdings in shares of Heritage-Crystal Clean by 30.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after acquiring an additional 121,150 shares during the period. 361 Capital LLC purchased a new position in shares of Heritage-Crystal Clean during the 3rd quarter worth approximately $2,321,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Heritage-Crystal Clean in the 2nd quarter worth approximately $1,193,000. Hedge funds and other institutional investors own 58.56% of the company’s stock.
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.
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