Heritage-Crystal Clean Inc. (HCCI) Upgraded by Zacks Investment Research to Buy
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $15.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 15.38% from the company’s current price.
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 lifted their price objective on Heritage-Crystal Clean from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Friday, July 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $14.75.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/heritage-crystal-clean-inc-hcci-upgraded-by-zacks-investment-research-to-buy.html
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) remained flat at $13.00 during trading on Tuesday. 23,058 shares of the company were exchanged. The company has a market cap of $291.29 million, a P/E ratio of 1000.00 and a beta of 1.35. Heritage-Crystal Clean has a 12-month low of $7.19 and a 12-month high of $14.20. The company has a 50-day moving average price of $13.24 and a 200-day moving average price of $12.14.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Heritage-Crystal Clean had a return on equity of 2.23% and a net margin of 0.08%. On average, equities research analysts anticipate that Heritage-Crystal Clean will post $0.33 EPS for the current fiscal year.
In other news, VP Tom Hillstrom sold 15,000 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $13.21, for a total value of $198,150.00. Following the transaction, the vice president now directly owns 3,810 shares of the company’s stock, valued at approximately $50,330.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.30% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in shares of Heritage-Crystal Clean by 178.1% in the second quarter. Bank of New York Mellon Corp now owns 119,794 shares of the company’s stock valued at $1,463,000 after buying an additional 76,723 shares during the last quarter. State Street Corp increased its stake in shares of Heritage-Crystal Clean by 4.2% in the first quarter. State Street Corp now owns 140,568 shares of the company’s stock valued at $1,398,000 after buying an additional 5,609 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Heritage-Crystal Clean during the second quarter valued at approximately $4,518,000. GSA Capital Partners LLP increased its stake in shares of Heritage-Crystal Clean by 414.3% in the second quarter. GSA Capital Partners LLP now owns 68,711 shares of the company’s stock valued at $839,000 after buying an additional 55,351 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Heritage-Crystal Clean by 115.2% in the first quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock valued at $267,000 after buying an additional 14,400 shares during the last quarter. Institutional investors and hedge funds own 49.84% of the company’s stock.
About Heritage-Crystal Clean
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with MarketBeat.com's FREE daily email newsletter.