Robert W. Baird downgraded shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) from an outperform rating to a neutral rating in a research note issued to investors on Thursday morning, Marketbeat reports. Robert W. Baird currently has $20.00 target price on the industrial products company’s stock, up from their previous target price of $17.00.

HCCI has been the topic of several other research reports. Zacks Investment Research cut shares of Heritage-Crystal Clean from a buy rating to a hold rating in a research note on Tuesday, July 11th. Stifel Nicolaus reiterated a buy rating and issued a $20.00 price objective on shares of Heritage-Crystal Clean in a research note on Wednesday, July 19th. Finally, TheStreet upgraded shares of Heritage-Crystal Clean from a c rating to a b- rating in a research note on Wednesday, May 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Heritage-Crystal Clean presently has an average rating of Buy and a consensus price target of $20.50.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.69%. The firm had revenue of $86.38 million for the quarter, compared to analysts’ expectations of $82.45 million.

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In related news, VP John Lucks sold 33,500 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.86, for a total value of $497,810.00. Following the completion of the sale, the vice president now directly owns 40,699 shares of the company’s stock, valued at approximately $604,787.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ellie Bruce sold 2,252 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total transaction of $38,284.00. Following the completion of the sale, the vice president now directly owns 23,281 shares of the company’s stock, valued at $395,777. The disclosure for this sale can be found here. Insiders sold a total of 48,752 shares of company stock valued at $733,019 over the last three months. 14.80% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in HCCI. American International Group Inc. raised its stake in Heritage-Crystal Clean by 7.0% in the first quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock valued at $108,000 after buying an additional 513 shares in the last quarter. Wells Fargo & Company MN raised its stake in Heritage-Crystal Clean by 0.8% in the first quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock valued at $143,000 after buying an additional 85 shares in the last quarter. Trexquant Investment LP purchased a new stake in Heritage-Crystal Clean during the first quarter valued at about $149,000. Eqis Capital Management Inc. purchased a new stake in Heritage-Crystal Clean during the second quarter valued at about $191,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Heritage-Crystal Clean during the second quarter valued at about $389,000. 53.45% of the stock is owned by institutional investors.

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.

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

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