Heritage-Crystal Clean (HCCI) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a buy rating in a report released on Thursday morning. Zacks Investment Research currently has $22.00 price objective on the industrial products company’s stock.
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 research analysts have also issued reports about the stock. ValuEngine upgraded shares of Heritage-Crystal Clean from a hold rating to a buy rating in a report on Thursday. BidaskClub lowered shares of Heritage-Crystal Clean from a buy rating to a hold rating in a report on Monday, January 22nd. Finally, TheStreet lowered shares of Heritage-Crystal Clean from a b rating to a c+ rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $23.50.
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 for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Heritage-Crystal Clean had a net margin of 7.68% and a return on equity of 7.33%. The business had revenue of $115.79 million for the quarter, compared to analyst estimates of $113.46 million. sell-side analysts anticipate that Heritage-Crystal Clean will post 0.97 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in HCCI. Tower Research Capital LLC TRC raised its stake in Heritage-Crystal Clean by 281.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,972 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 3,668 shares in the last quarter. Strs Ohio acquired a new stake in Heritage-Crystal Clean during the 3rd quarter worth $132,000. Nationwide Fund Advisors raised its stake in Heritage-Crystal Clean by 10.0% during the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 770 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in Heritage-Crystal Clean during the 4th quarter worth $142,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Heritage-Crystal Clean during the 4th quarter worth $163,000. Hedge funds and other institutional investors own 56.28% 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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