Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) from a buy rating to a hold rating in a research note released on Tuesday, July 11th.
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. “
Other research analysts have also recently issued research reports about the stock. Roth Capital set a $17.00 target price on shares of Heritage-Crystal Clean and gave the company 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $20.50.
Heritage-Crystal Clean (NASDAQ HCCI) traded down 0.27% on Tuesday, hitting $18.70. 66,253 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $16.10 and its 200-day moving average price is $15.16. The company has a market cap of $422.88 million, a PE ratio of 24.41 and a beta of 2.10. Heritage-Crystal Clean has a 12-month low of $11.85 and a 12-month high of $19.45.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating 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 7.69%. The business had revenue of $86.38 million during the quarter, compared to analysts’ expectations of $82.45 million. Analysts forecast that Heritage-Crystal Clean will post $0.70 earnings per share for the current year.
In related news, Director Carmine Falcone sold 4,500 shares of the 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 completion of the sale, the director now owns 3,420 shares in the company, valued at approximately $52,497. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John Lucks sold 6,500 shares of the stock in a transaction 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 sale, the vice president now owns 37,755 shares of the company’s stock, valued at approximately $554,998.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,752 shares of company stock valued at $733,019. 14.80% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Allianz Asset Management AG purchased a new position in shares of Heritage-Crystal Clean during the fourth quarter worth approximately $206,000. Cove Street Capital LLC increased its position in shares of Heritage-Crystal Clean by 4.5% in the first quarter. Cove Street Capital LLC now owns 2,625,595 shares of the industrial products company’s stock worth $35,971,000 after buying an additional 112,295 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Heritage-Crystal Clean by 42.0% in the fourth quarter. Renaissance Technologies LLC now owns 124,800 shares of the industrial products company’s stock worth $1,959,000 after buying an additional 36,900 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Heritage-Crystal Clean during the first quarter worth approximately $149,000. Finally, Cadence Capital Management LLC increased its position in shares of 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 worth $1,269,000 after buying an additional 3,871 shares during the last quarter. Hedge funds and other institutional investors own 53.45% of the company’s stock.
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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