Heritage-Crystal Clean, Inc. (HCCI) Stock Rating Lowered by Zacks Investment Research
Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
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. “
Several other research analysts have also commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 price target on shares of Heritage-Crystal Clean in a research report on Thursday. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Needham & Company LLC lifted their price target on Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Robert W. Baird lowered 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, Barrington Research lifted their price target on Heritage-Crystal Clean from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.50.
Heritage-Crystal Clean (NASDAQ:HCCI) opened at 19.825 on Thursday. Heritage-Crystal Clean has a 12-month low of $12.41 and a 12-month high of $22.21. The stock has a 50 day moving average price of $20.92 and a 200 day moving average price of $17.44. The stock has a market cap of $448.32 million, a P/E ratio of 25.881 and a beta of 2.09.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.89%. On average, analysts forecast that Heritage-Crystal Clean will post $0.67 earnings per share for the current fiscal year.
In related news, VP Ellie Bruce sold 2,252 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total value of $38,284.00. Following the completion of the transaction, the vice president now owns 23,281 shares in the company, valued at $395,777. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 14.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. grew 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 worth $108,000 after acquiring an additional 513 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Heritage-Crystal Clean by 10.0% during the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after buying an additional 770 shares during the period. Wells Fargo & Company MN boosted its position in shares of Heritage-Crystal Clean by 0.8% during the first quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock valued at $143,000 after buying an additional 85 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Heritage-Crystal Clean during the second quarter valued at approximately $191,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 valued at $227,000 after buying an additional 2,214 shares during the period. Institutional investors own 55.02% 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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