Heritage-Crystal Clean Inc. (HCCI) Trading Down 2.6%
Shares of Heritage-Crystal Clean Inc. (NASDAQ:HCCI) fell 2.6% during trading on Monday . The company traded as low as $12.63 and last traded at $12.86, with a volume of 58,687 shares traded. The stock had previously closed at $13.21.
Several equities analysts recently commented on HCCI shares. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Monday, August 1st. Needham & Company LLC raised their target price on Heritage-Crystal Clean from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, TheStreet upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Monday, June 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $14.50.
The firm has a market capitalization of $288.83 million, a PE ratio of 991.54 and a beta of 1.09. The firm’s 50 day moving average price is $12.97 and its 200-day moving average price is $11.54.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Heritage-Crystal Clean had a return on equity of 2.23% and a net margin of 0.08%. Equities analysts anticipate that Heritage-Crystal Clean Inc. will post $0.33 earnings per share for the current fiscal year.
In other Heritage-Crystal Clean news, VP Tom Hillstrom sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $13.21, for a total transaction of $198,150.00. Following the transaction, the vice president now owns 3,810 shares of the company’s stock, valued at $50,330.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 14.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HCCI. Cove Street Capital LLC increased its position in shares of Heritage-Crystal Clean by 19.9% in the second quarter. Cove Street Capital LLC now owns 2,662,845 shares of the company’s stock worth $32,514,000 after buying an additional 441,354 shares during the period. Royce & Associates LP increased its position in Heritage-Crystal Clean by 2.2% in the first quarter. Royce & Associates LP now owns 1,272,330 shares of the company’s stock valued at $12,647,000 after buying an additional 27,200 shares during the last quarter. Walthausen & Co. LLC increased its position in Heritage-Crystal Clean by 2,176.8% in the second quarter. Walthausen & Co. LLC now owns 492,010 shares of the company’s stock valued at $6,007,000 after buying an additional 470,400 shares during the last quarter. Vanguard Group Inc. increased its position in Heritage-Crystal Clean by 2.0% in the second quarter. Vanguard Group Inc. now owns 427,156 shares of the company’s stock valued at $5,215,000 after buying an additional 8,503 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Heritage-Crystal Clean during the second quarter valued at approximately $4,518,000. 49.84% of the stock is currently owned by hedge funds and other institutional investors.
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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