Heritage-Crystal Clean, Inc. (HCCI) Downgraded to “Neutral” at Robert W. Baird
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.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/heritage-crystal-clean-inc-hcci-downgraded-to-neutral-at-robert-w-baird/1463809.html.
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.
Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.