Heritage-Crystal Clean (HCCI) Rating Increased to Buy at Zacks Investment Research

Heritage-Crystal Clean (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $27.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 19.47% 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. “

HCCI has been the topic of several other reports. Robert W. Baird increased their price target on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 20th. BidaskClub raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $23.00 price target on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.50.

Heritage-Crystal Clean (NASDAQ:HCCI) traded down $0.25 during midday trading on Friday, hitting $22.60. The stock had a trading volume of 285,959 shares, compared to its average volume of 97,451. The company has a market cap of $517.09, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.66 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.02. Heritage-Crystal Clean has a 12-month low of $12.85 and a 12-month high of $25.20.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $83.33 million for the quarter, compared to the consensus estimate of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. analysts expect that Heritage-Crystal Clean will post 0.63 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Walthausen & Co. LLC raised its holdings in Heritage-Crystal Clean by 44.1% in the 2nd quarter. Walthausen & Co. LLC now owns 660,650 shares of the industrial products company’s stock worth $10,504,000 after purchasing an additional 202,230 shares during the period. Vanguard Group Inc. raised its holdings in Heritage-Crystal Clean by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 521,931 shares of the industrial products company’s stock worth $8,298,000 after purchasing an additional 14,011 shares during the period. Dimensional Fund Advisors LP raised its holdings in Heritage-Crystal Clean by 30.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after purchasing an additional 121,150 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in Heritage-Crystal Clean by 10.7% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 218,866 shares of the industrial products company’s stock worth $3,480,000 after purchasing an additional 21,068 shares during the period. Finally, Algert Global LLC bought a new position in Heritage-Crystal Clean in the 3rd quarter worth $4,375,000. 58.56% of the stock is currently owned by institutional investors.

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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.

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