Heritage-Crystal Clean, Inc. (HCCI) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) from a buy rating to a hold rating in a report released on Wednesday morning.
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. “
A number of other brokerages also recently issued reports on HCCI. Stifel Nicolaus reissued a buy rating on shares of Heritage-Crystal Clean in a report on Tuesday, September 5th. BidaskClub raised shares of Heritage-Crystal Clean from a hold rating to a buy rating in a report on Wednesday, August 2nd. Barrington Research increased their price target on shares of Heritage-Crystal Clean from $18.00 to $22.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Needham & Company LLC increased their price target on shares of Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a buy rating in a report on Thursday, July 27th. Finally, Robert W. Baird downgraded shares of Heritage-Crystal Clean from an outperform rating to a neutral rating and increased their price target for the stock from $17.00 to $20.00 in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heritage-Crystal Clean currently has a consensus rating of Buy and an average target price of $20.50.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) opened at 21.75 on Wednesday. The company has a market capitalization of $491.85 million, a P/E ratio of 28.39 and a beta of 2.09. The stock’s 50 day moving average is $19.28 and its 200 day moving average is $16.21. Heritage-Crystal Clean has a 12 month low of $11.85 and a 12 month high of $21.95.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $86.38 million for the quarter, compared to the consensus estimate of $82.45 million. On average, equities analysts predict that Heritage-Crystal Clean will post $0.70 EPS for the current fiscal year.
In other Heritage-Crystal Clean news, VP Ellie Bruce sold 2,252 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $17.00, for a total transaction of $38,284.00. Following the completion of the transaction, the vice president now directly owns 23,281 shares in the company, valued at $395,777. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.80% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Walthausen & Co. LLC raised its position in Heritage-Crystal Clean by 44.1% during the second quarter. Walthausen & Co. LLC now owns 660,650 shares of the industrial products company’s stock worth $10,504,000 after acquiring an additional 202,230 shares during the period. The Manufacturers Life Insurance Company raised its position in Heritage-Crystal Clean by 18.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 2,214 shares during the period. State Street Corp raised its position in Heritage-Crystal Clean by 12.6% during the second quarter. State Street Corp now owns 198,229 shares of the industrial products company’s stock worth $3,150,000 after acquiring an additional 22,189 shares during the period. Janus Henderson Group PLC acquired a new position in Heritage-Crystal Clean during the second quarter worth $1,193,000. Finally, Punch & Associates Investment Management Inc. raised its position in Heritage-Crystal Clean by 10.7% during the second quarter. Punch & Associates Investment Management Inc. now owns 218,866 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 21,068 shares during the period. Institutional investors own 55.07% 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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