Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) has earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.00.

Several brokerages recently weighed in on HCCI. Needham & Company LLC boosted their price objective on shares of Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird cut shares of Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $17.00 to $20.00 in a research note on Thursday. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective on shares of Heritage-Crystal Clean in a research note on Wednesday, July 19th. Finally, TheStreet raised shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th.

In other Heritage-Crystal Clean news, COO Gregory Ray sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $16.15, for a total transaction of $32,300.00. Following the sale, the chief operating officer now owns 168,965 shares of the company’s stock, valued at $2,728,784.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carmine Falcone sold 4,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $15.35, for a total transaction of $69,075.00. Following the sale, the director now directly owns 3,420 shares in the company, valued at approximately $52,497. The disclosure for this sale can be found here. Insiders have sold 46,500 shares of company stock worth $694,735 in the last ninety days. Insiders own 14.80% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. American International Group Inc. boosted its stake in shares of Heritage-Crystal Clean by 7.0% in the first quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock worth $108,000 after buying an additional 513 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Heritage-Crystal Clean by 0.8% in the first quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock worth $143,000 after buying an additional 85 shares during the period. Trexquant Investment LP purchased a new stake in shares of Heritage-Crystal Clean during the first quarter worth approximately $149,000. Eqis Capital Management Inc. purchased a new stake in shares of Heritage-Crystal Clean during the second quarter worth approximately $191,000. Finally, Allianz Asset Management AG purchased a new stake in shares of Heritage-Crystal Clean during the fourth quarter worth approximately $206,000. 53.45% of the stock is currently owned by institutional investors and hedge funds.

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Heritage-Crystal Clean (NASDAQ:HCCI) opened at 18.35 on Thursday. The stock has a market cap of $413.37 million, a P/E ratio of 33.49 and a beta of 2.07. Heritage-Crystal Clean has a 52 week low of $11.85 and a 52 week high of $18.55. The firm has a 50-day moving average price of $15.71 and a 200-day moving average price of $15.04.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.84%. The company had revenue of $86.38 million for the quarter, compared to analysts’ expectations of $82.45 million. On average, equities research analysts predict that Heritage-Crystal Clean will post $0.60 EPS for the current year.

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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