Heritage-Crystal Clean (NASDAQ:HCCI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) in a research note published on Thursday morning. The firm issued a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on HCCI. DA Davidson assumed coverage on shares of Heritage-Crystal Clean in a research note on Tuesday, January 10th. They set a buy rating and a $40.00 target price on the stock. Needham & Company LLC raised their target price on shares of Heritage-Crystal Clean from $40.00 to $41.00 and gave the stock a buy rating in a research note on Friday, March 3rd. Barrington Research restated an outperform rating and set a $46.00 target price (up previously from $45.00) on shares of Heritage-Crystal Clean in a research note on Tuesday, March 14th. Finally, Robert W. Baird raised their target price on shares of Heritage-Crystal Clean from $42.00 to $43.00 and gave the stock an outperform rating in a research note on Tuesday, March 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $42.50.

Heritage-Crystal Clean Stock Performance

Shares of NASDAQ:HCCI traded down $0.20 during trading on Thursday, hitting $34.68. The company’s stock had a trading volume of 168,459 shares, compared to its average volume of 106,342. The company has a 50-day moving average of $36.61 and a 200-day moving average of $32.61. Heritage-Crystal Clean has a 12 month low of $24.00 and a 12 month high of $38.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.65 and a quick ratio of 1.30. The firm has a market cap of $844.46 million, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.81 and a beta of 1.19.

Insider Buying and Selling at Heritage-Crystal Clean

In other Heritage-Crystal Clean news, Director Robert W. Willmschen, Jr. sold 3,984 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $37.03, for a total transaction of $147,527.52. Following the completion of the sale, the director now directly owns 50,691 shares of the company’s stock, valued at approximately $1,877,087.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Heritage-Crystal Clean

A number of institutional investors have recently added to or reduced their stakes in HCCI. Truist Financial Corp purchased a new position in shares of Heritage-Crystal Clean in the fourth quarter valued at $550,000. Alliancebernstein L.P. grew its holdings in shares of Heritage-Crystal Clean by 5,979.0% in the fourth quarter. Alliancebernstein L.P. now owns 516,715 shares of the industrial products company’s stock valued at $16,783,000 after purchasing an additional 508,215 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Heritage-Crystal Clean by 11.6% in the fourth quarter. State of Tennessee Treasury Department now owns 13,466 shares of the industrial products company’s stock valued at $437,000 after purchasing an additional 1,400 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Heritage-Crystal Clean by 38.9% in the fourth quarter. Select Equity Group L.P. now owns 69,670 shares of the industrial products company’s stock valued at $2,263,000 after purchasing an additional 19,520 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Heritage-Crystal Clean by 6.2% in the fourth quarter. Legal & General Group Plc now owns 5,893 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 342 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.

About Heritage-Crystal Clean

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Heritage-Crystal Clean, Inc engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services.