Heritage-Crystal Clean Inc. (HCCI) Cut to “Hold” at Zacks Investment Research
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.
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. “
Separately, Needham & Company LLC boosted their target price on shares of Heritage-Crystal Clean from $13.00 to $15.50 and gave the company a “buy” rating in a research report on Wednesday, June 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.50.
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Heritage-Crystal Clean (NASDAQ:HCCI) traded down 0.60% during mid-day trading on Wednesday, hitting $13.16. 73,337 shares of the stock were exchanged. The company has a market capitalization of $294.88 million, a PE ratio of 1012.31 and a beta of 1.35. Heritage-Crystal Clean has a 52 week low of $7.19 and a 52 week high of $14.20. The stock’s 50-day moving average is $13.26 and its 200 day moving average is $11.95.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Thursday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.05. Heritage-Crystal Clean had a net margin of 0.08% and a return on equity of 2.23%. On average, analysts anticipate that Heritage-Crystal Clean will post $0.33 EPS for the current year.
In other Heritage-Crystal Clean news, VP Tom Hillstrom sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $13.21, for a total transaction of $198,150.00. Following the completion of the sale, the vice president now owns 3,810 shares in the company, valued at approximately $50,330.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Teachers Advisors Inc. raised its stake in shares of Heritage-Crystal Clean by 1.8% in the second quarter. Teachers Advisors Inc. now owns 19,037 shares of the company’s stock worth $232,000 after buying an additional 337 shares during the period. Geode Capital Management LLC raised its stake in shares of Heritage-Crystal Clean by 0.7% in the first quarter. Geode Capital Management LLC now owns 95,471 shares of the company’s stock worth $948,000 after buying an additional 651 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Heritage-Crystal Clean by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 95,916 shares of the company’s stock worth $953,000 after buying an additional 673 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Heritage-Crystal Clean by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 43,145 shares of the company’s stock worth $527,000 after buying an additional 840 shares during the period. Finally, Redmond Asset Management LLC raised its stake in shares of Heritage-Crystal Clean by 0.9% in the second quarter. Redmond Asset Management LLC now owns 155,191 shares of the company’s stock worth $1,895,000 after buying an additional 1,425 shares during the period. Institutional investors and hedge funds own 49.84% 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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