Heritage-Crystal Clean (NASDAQ:HCCI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, March 13th.
HCCI has been the topic of a number of other reports. Zacks Investment Research cut Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $26.00 target price on shares of Heritage-Crystal Clean in a research note on Friday, March 2nd. ValuEngine upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Robert W. Baird raised their target price on Heritage-Crystal Clean from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, March 2nd. Finally, Roth Capital reiterated a “buy” rating and issued a $26.00 target price on shares of Heritage-Crystal Clean in a research note on Thursday, March 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Heritage-Crystal Clean presently has an average rating of “Buy” and an average price target of $23.83.
Heritage-Crystal Clean stock opened at $23.15 on Tuesday. Heritage-Crystal Clean has a one year low of $12.85 and a one year high of $25.20. The stock has a market capitalization of $536.16, a price-to-earnings ratio of 34.85, a P/E/G ratio of 1.56 and a beta of 1.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.31 and a current ratio of 2.84.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Heritage-Crystal Clean had a return on equity of 7.15% and a net margin of 7.68%. The firm had revenue of $115.79 million for the quarter, compared to analysts’ expectations of $113.46 million. analysts predict that Heritage-Crystal Clean will post 0.92 EPS for the current fiscal year.
In other Heritage-Crystal Clean news, Director Robert W. Willmschen, Jr. sold 5,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $23.22, for a total value of $116,100.00. Following the sale, the director now directly owns 47,920 shares in the company, valued at $1,112,702.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 14.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC increased its holdings in shares of Heritage-Crystal Clean by 14.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,290,730 shares of the industrial products company’s stock valued at $49,823,000 after purchasing an additional 286,196 shares during the period. BlackRock Inc. increased its holdings in shares of Heritage-Crystal Clean by 2.1% during the fourth quarter. BlackRock Inc. now owns 695,529 shares of the industrial products company’s stock valued at $15,128,000 after purchasing an additional 14,489 shares during the period. Vanguard Group Inc. increased its holdings in shares of Heritage-Crystal Clean by 2.8% during the second quarter. Vanguard Group Inc. now owns 521,931 shares of the industrial products company’s stock valued at $8,298,000 after purchasing an additional 14,011 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $11,187,000 after purchasing an additional 121,150 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Heritage-Crystal Clean by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 485,500 shares of the industrial products company’s stock valued at $10,560,000 after purchasing an additional 30,314 shares during the period. 61.14% of the stock is currently owned by institutional investors.
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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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