BidaskClub downgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a sell rating in a research report released on Wednesday morning.

HCCI has been the subject of several other research reports. ValuEngine cut Heritage-Crystal Clean from a buy rating to a hold rating in a report on Friday, April 27th. Zacks Investment Research upgraded Heritage-Crystal Clean from a sell rating to a hold rating in a report on Wednesday, July 11th. Barrington Research set a $24.00 price objective on Heritage-Crystal Clean and gave the stock a buy rating in a report on Thursday, July 19th. Finally, Roth Capital set a $28.00 price objective on Heritage-Crystal Clean and gave the stock a buy rating in a report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Heritage-Crystal Clean currently has a consensus rating of Buy and a consensus price target of $25.17.

NASDAQ HCCI opened at $22.65 on Wednesday. Heritage-Crystal Clean has a fifty-two week low of $17.10 and a fifty-two week high of $25.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.53 and a quick ratio of 1.99. The company has a market capitalization of $540.49 million, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.85.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Heritage-Crystal Clean had a return on equity of 6.79% and a net margin of 5.83%. The business had revenue of $100.30 million during the quarter, compared to analysts’ expectations of $92.52 million. research analysts expect that Heritage-Crystal Clean will post 0.83 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new position in shares of Heritage-Crystal Clean in the 1st quarter worth approximately $117,000. US Bancorp DE bought a new position in shares of Heritage-Crystal Clean in the 1st quarter worth approximately $125,000. Citigroup Inc. raised its position in shares of Heritage-Crystal Clean by 88.1% in the 1st quarter. Citigroup Inc. now owns 6,797 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 3,184 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Heritage-Crystal Clean in the 4th quarter worth approximately $163,000. Finally, Element Capital Management LLC bought a new position in shares of Heritage-Crystal Clean in the 1st quarter worth approximately $216,000. 61.48% of the stock is owned by hedge funds and other institutional investors.

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: Diversification

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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