StockNews.com Initiates Coverage on Heritage-Crystal Clean (NASDAQ:HCCI)

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

HCCI has been the subject of a number of other reports. Roth Capital downgraded Heritage-Crystal Clean from a buy rating to a neutral rating in a research note on Tuesday, August 29th. Robert W. Baird cut Heritage-Crystal Clean from an outperform rating to a neutral rating in a report on Thursday, August 24th. Finally, Roth Mkm reissued a buy rating and issued a $45.50 price target on shares of Heritage-Crystal Clean in a report on Tuesday, August 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Heritage-Crystal Clean has an average rating of Moderate Buy and a consensus target price of $44.29.

Heritage-Crystal Clean Price Performance

NASDAQ HCCI opened at $45.51 on Monday. Heritage-Crystal Clean has a one year low of $25.70 and a one year high of $47.98. The stock has a 50-day moving average of $45.42 and a 200 day moving average of $42.04. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.86.

Institutional Trading of Heritage-Crystal Clean

Several hedge funds have recently modified their holdings of HCCI. Swiss National Bank raised its holdings in Heritage-Crystal Clean by 8.1% during the 1st quarter. Swiss National Bank now owns 37,200 shares of the industrial products company’s stock valued at $1,101,000 after buying an additional 2,800 shares during the period. Bank of New York Mellon Corp raised its holdings in Heritage-Crystal Clean by 10.2% during the 1st quarter. Bank of New York Mellon Corp now owns 134,552 shares of the industrial products company’s stock valued at $3,984,000 after buying an additional 12,470 shares during the period. American Century Companies Inc. raised its holdings in Heritage-Crystal Clean by 46.8% during the 1st quarter. American Century Companies Inc. now owns 37,075 shares of the industrial products company’s stock valued at $1,098,000 after buying an additional 11,826 shares during the period. MetLife Investment Management LLC raised its holdings in Heritage-Crystal Clean by 39.2% during the 1st quarter. MetLife Investment Management LLC now owns 8,766 shares of the industrial products company’s stock valued at $260,000 after buying an additional 2,467 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Heritage-Crystal Clean by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 879,531 shares of the industrial products company’s stock valued at $26,043,000 after buying an additional 8,481 shares during the period. 61.96% of the stock is owned by hedge funds and other institutional investors.

About Heritage-Crystal Clean

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 North America. It operates through two segments, Environmental Services and Oil Business.