Heritage-Crystal Clean, Inc. (HCCI) Rating Increased to Buy at Zacks Investment Research
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 brokerage presently has a $18.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 13.21% 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. “
Several other research analysts have also issued reports on HCCI. Roth Capital set a $17.00 price target on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Monday, March 20th. TheStreet upgraded shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a report on Wednesday, May 17th.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) remained flat at $15.90 during midday trading on Tuesday. 74,048 shares of the company were exchanged. The company has a 50-day moving average of $15.44 and a 200-day moving average of $14.96. The company has a market capitalization of $358.18 million, a PE ratio of 29.01 and a beta of 2.07. Heritage-Crystal Clean has a 12 month low of $11.84 and a 12 month high of $16.75.
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In other news, Director Carmine Falcone sold 4,500 shares of Heritage-Crystal Clean stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $15.35, for a total value of $69,075.00. Following the completion of the sale, the director now owns 3,420 shares in the company, valued at approximately $52,497. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gregory Ray sold 60,264 shares of Heritage-Crystal Clean stock in a transaction on Monday, April 10th. The shares were sold at an average price of $14.80, for a total transaction of $891,907.20. Following the completion of the sale, the chief operating officer now owns 195,226 shares of the company’s stock, valued at approximately $2,889,344.80. The disclosure for this sale can be found here. Insiders sold a total of 116,540 shares of company stock valued at $1,738,750 in the last quarter. 14.80% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Janus Capital Management LLC raised its stake in Heritage-Crystal Clean by 3.7% in the first quarter. Janus Capital Management LLC now owns 76,184 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 2,691 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Heritage-Crystal Clean during the first quarter valued at $1,201,000. Schwab Charles Investment Management Inc. raised its stake in Heritage-Crystal Clean by 7.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 52,700 shares of the industrial products company’s stock valued at $722,000 after buying an additional 3,591 shares in the last quarter. Renaissance Technologies LLC raised its stake in Heritage-Crystal Clean by 20.5% in the first quarter. Renaissance Technologies LLC now owns 150,400 shares of the industrial products company’s stock valued at $2,060,000 after buying an additional 25,600 shares in the last quarter. Finally, Cannell Capital LLC bought a new stake in Heritage-Crystal Clean during the first quarter valued at $2,594,000. Institutional investors own 53.40% 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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