Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) shares reached a new 52-week high during mid-day trading on Thursday after BidaskClub upgraded the stock from a hold rating to a buy rating. The stock traded as high as $18.60 and last traded at $18.60, with a volume of 147,338 shares. The stock had previously closed at $18.35.

Several other research analysts have also issued reports on the stock. TheStreet upgraded shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, July 4th. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target on shares of Heritage-Crystal Clean in a research report on Wednesday, July 19th. Robert W. Baird lowered shares of Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $20.00 in a research report on Thursday, July 27th. Finally, Needham & Company LLC lifted their price target on shares of Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Heritage-Crystal Clean has a consensus rating of “Buy” and an average price target of $20.50.

In other Heritage-Crystal Clean news, COO Gregory Ray sold 2,000 shares of Heritage-Crystal Clean stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 168,965 shares in the company, valued at approximately $2,728,784.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Lucks sold 6,500 shares of Heritage-Crystal Clean stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $14.70, for a total transaction of $95,550.00. Following the transaction, the vice president now owns 37,755 shares in the company, valued at $554,998.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,252 shares of company stock worth $235,209. Corporate insiders own 14.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Cadence Capital Management LLC boosted its position in Heritage-Crystal Clean by 4.4% in the first quarter. Cadence Capital Management LLC now owns 92,635 shares of the industrial products company’s stock valued at $1,269,000 after buying an additional 3,871 shares in the last quarter. American International Group Inc. boosted its position in 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 valued at $108,000 after buying an additional 513 shares in the last quarter. Trexquant Investment LP bought a new position in Heritage-Crystal Clean during the first quarter valued at approximately $149,000. Ameriprise Financial Inc. boosted its position in Heritage-Crystal Clean by 25.7% in the first quarter. Ameriprise Financial Inc. now owns 306,044 shares of the industrial products company’s stock valued at $4,193,000 after buying an additional 62,533 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Heritage-Crystal Clean by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 124,766 shares of the industrial products company’s stock valued at $1,709,000 after buying an additional 7,596 shares in the last quarter. Institutional investors and hedge funds own 53.45% of the company’s stock.

The company’s 50-day moving average is $16.10 and its 200-day moving average is $15.16. The company has a market cap of $422.88 million, a price-to-earnings ratio of 24.41 and a beta of 2.10.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.69%. The company had revenue of $86.38 million during the quarter, compared to the consensus estimate of $82.45 million. On average, equities analysts predict that Heritage-Crystal Clean, Inc. will post $0.70 earnings per share for the current year.

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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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