Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a sell rating to a hold rating in a report released on Tuesday, December 26th.
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 equities analysts have also recently issued research reports about the stock. BidaskClub raised shares of Heritage-Crystal Clean from a sell rating to a hold rating in a research report on Wednesday, December 6th. Stifel Nicolaus reissued a buy rating and issued a $23.00 price target on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Roth Capital set a $24.00 price objective on shares of Heritage-Crystal Clean and gave the stock a buy rating in a research report on Friday, October 20th. Finally, Robert W. Baird lifted their price objective on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $23.17.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) opened at $24.05 on Tuesday. The stock has a market cap of $550.26, a P/E ratio of 27.64, a PEG ratio of 1.70 and a beta of 1.96. The company has a current ratio of 2.51, a quick ratio of 2.02 and a debt-to-equity ratio of 0.13. Heritage-Crystal Clean has a 1-year low of $12.85 and a 1-year high of $24.45.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The company had revenue of $83.33 million during the quarter, compared to analyst estimates of $85.32 million. research analysts forecast that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. CMH Wealth Management LLC acquired a new position in shares of Heritage-Crystal Clean during the fourth quarter worth about $228,000. Algert Global LLC purchased a new stake in Heritage-Crystal Clean during the third quarter worth about $4,375,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in Heritage-Crystal Clean by 73.1% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 83,578 shares of the industrial products company’s stock worth $1,817,000 after buying an additional 35,300 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in Heritage-Crystal Clean during the third quarter worth about $640,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Heritage-Crystal Clean by 30.8% during the third quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after buying an additional 121,150 shares in the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.
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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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