Shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.25.
A number of research firms have weighed in on HCCI. BidaskClub upgraded Heritage-Crystal Clean from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 25th. Barrington Research increased their price objective on Heritage-Crystal Clean from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Zacks Investment Research lowered Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Finally, ValuEngine lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st.
In other news, Director Robert W. Willmschen, Jr. sold 4,296 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $27.25, for a total transaction of $117,066.00. Following the completion of the sale, the director now owns 47,689 shares in the company, valued at approximately $1,299,525.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ellie Bruce sold 2,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.05, for a total value of $50,100.00. Following the sale, the vice president now owns 78,478 shares of the company’s stock, valued at approximately $1,965,873.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,796 shares of company stock valued at $232,716. Company insiders own 8.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of HCCI. Bank of Montreal Can acquired a new position in shares of Heritage-Crystal Clean in the 2nd quarter valued at $33,000. Aperio Group LLC acquired a new position in shares of Heritage-Crystal Clean in the 2nd quarter valued at $43,000. JPMorgan Chase & Co. increased its position in shares of Heritage-Crystal Clean by 14.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 512 shares during the period. Strs Ohio increased its position in shares of Heritage-Crystal Clean by 7.5% in the 2nd quarter. Strs Ohio now owns 7,200 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 500 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in shares of Heritage-Crystal Clean in the 1st quarter valued at $211,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.
Heritage-Crystal Clean stock traded down $0.01 during mid-day trading on Friday, reaching $25.82. 305 shares of the company were exchanged, compared to its average volume of 50,721. The business has a fifty day moving average of $25.13 and a 200 day moving average of $26.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.45 and a current ratio of 1.82. The firm has a market cap of $596.87 million, a P/E ratio of 37.99, a PEG ratio of 1.58 and a beta of 1.47. Heritage-Crystal Clean has a 12-month low of $19.01 and a 12-month high of $29.01.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $105.00 million during the quarter, compared to analyst estimates of $107.75 million. Heritage-Crystal Clean had a return on equity of 6.78% and a net margin of 3.13%. Sell-side analysts predict that Heritage-Crystal Clean will post 1.09 EPS for the current year.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.
Further Reading: Net Margin
Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with MarketBeat.com's FREE daily email newsletter.