Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Given Average Rating of “Buy” by Brokerages

Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.80.

Several equities research analysts have recently issued reports on the company. Barrington Research raised their price objective on Heritage-Crystal Clean from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BidaskClub lowered Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, July 31st. Finally, ValuEngine lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of HCCI stock traded down $0.16 on Friday, reaching $24.94. The company had a trading volume of 20,400 shares, compared to its average volume of 66,145. The stock has a market capitalization of $609.13 million, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. The company has a quick ratio of 1.45, a current ratio of 1.82 and a debt-to-equity ratio of 0.31. Heritage-Crystal Clean has a one year low of $19.01 and a one year high of $29.01. The business’s 50-day moving average is $26.86 and its 200 day moving average is $26.41.



Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a return on equity of 6.78% and a net margin of 3.13%. The company had revenue of $105.00 million during the quarter, compared to the consensus estimate of $107.75 million. On average, sell-side analysts forecast that Heritage-Crystal Clean will post 1.09 earnings per share for the current fiscal year.

In other news, Director Robert W. Willmschen, Jr. sold 4,296 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $27.25, for a total transaction of $117,066.00. Following the transaction, the director now owns 47,689 shares in the company, valued at approximately $1,299,525.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ellie Bruce sold 2,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.05, for a total transaction of $50,100.00. Following the transaction, the vice president now owns 78,478 shares in the company, valued at approximately $1,965,873.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,796 shares of company stock worth $232,716. Corporate insiders own 8.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HCCI. Bank of Montreal Can acquired a new stake in shares of Heritage-Crystal Clean during the 2nd quarter worth approximately $33,000. Aperio Group LLC bought a new stake in shares of Heritage-Crystal Clean during the 2nd quarter worth $43,000. Legal & General Group Plc raised its stake in shares of Heritage-Crystal Clean by 22.7% during the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 507 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Heritage-Crystal Clean by 476.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 2,562 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Heritage-Crystal Clean by 14.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 512 shares during the period. Institutional investors own 64.52% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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