Northern Trust Corp decreased its stake in Heritage-Crystal Clean, Inc (NASDAQ:HCCI) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,353 shares of the industrial products company’s stock after selling 2,320 shares during the quarter. Northern Trust Corp’s holdings in Heritage-Crystal Clean were worth $3,589,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Citigroup Inc. raised its position in shares of Heritage-Crystal Clean by 173.9% during the fourth quarter. Citigroup Inc. now owns 3,136 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 1,991 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Heritage-Crystal Clean by 5.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,355 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 856 shares during the period. Rhumbline Advisers grew its stake in shares of Heritage-Crystal Clean by 15.1% during the 4th quarter. Rhumbline Advisers now owns 25,089 shares of the industrial products company’s stock worth $529,000 after acquiring an additional 3,298 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Heritage-Crystal Clean in the 4th quarter valued at about $72,000. Finally, Royce & Associates LP grew its stake in shares of Heritage-Crystal Clean by 10.2% in the fourth quarter. Royce & Associates LP now owns 617,858 shares of the industrial products company’s stock valued at $13,018,000 after buying an additional 57,000 shares in the last quarter. Institutional investors own 61.56% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Roth Capital increased their price target on Heritage-Crystal Clean from $21.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Needham & Company LLC upped their price objective on Heritage-Crystal Clean from $19.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. TheStreet raised shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research report on Tuesday, March 2nd. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Barrington Research increased their price target on Heritage-Crystal Clean from $23.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, March 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Heritage-Crystal Clean currently has an average rating of “Buy” and a consensus price target of $29.80.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings results on Sunday, February 28th. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. The company had revenue of $132.04 million for the quarter, compared to analyst estimates of $120.31 million. Heritage-Crystal Clean had a net margin of 1.08% and a return on equity of 3.29%. On average, research analysts anticipate that Heritage-Crystal Clean, Inc will post 0.27 earnings per share for the current fiscal year.
Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and mid-sized customers in the industrial and vehicle maintenance sectors in the United States and Canada. It operates in two segments, Environmental Services and Oil Business.
Further Reading: Rule of 72
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