Zacks Investment Research Upgrades Heritage-Crystal Clean Inc. (HCCI) 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 on Tuesday. The firm currently has a $15.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 15.38% from the stock’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 increased their target price on shares of Heritage-Crystal Clean from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Friday, July 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price 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/zacks-investment-research-upgrades-heritage-crystal-clean-inc-hcci-to-buy.html
Heritage-Crystal Clean (NASDAQ:HCCI) remained flat at $13.00 during midday trading on Tuesday. 23,058 shares of the stock were exchanged. Heritage-Crystal Clean has a 52 week low of $7.19 and a 52 week high of $14.20. The stock has a market capitalization of $291.29 million, a P/E ratio of 1000.00 and a beta of 1.35. The stock’s 50-day moving average price is $13.24 and its 200-day moving average price is $12.14.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Thursday, July 28th. The company reported $0.08 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 expect that Heritage-Crystal Clean will post $0.33 earnings per share for the current year.
In related news, VP Tom Hillstrom sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 3,810 shares in the company, valued at $50,330.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 14.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HCCI. Spark Investment Management LLC purchased a new stake in Heritage-Crystal Clean during the second quarter valued at about $225,000. Teachers Advisors Inc. boosted its stake in Heritage-Crystal Clean by 1.8% in the second quarter. Teachers Advisors Inc. now owns 19,037 shares of the company’s stock valued at $232,000 after buying an additional 337 shares during the last quarter. Sunnymeath Asset Management Inc. purchased a new stake in Heritage-Crystal Clean during the second quarter valued at about $281,000. Renaissance Technologies LLC boosted its stake in 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. Finally, Schwab Charles Investment Management Inc. boosted its stake in 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 valued at $527,000 after buying an additional 840 shares during the last quarter. Hedge funds and other institutional investors 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.
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.