Heritage-Crystal Clean, Inc. (HCCI) Given a $24.00 Price Target at Roth Capital
Roth Capital set a $24.00 target price on Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) in a report published on Friday. The brokerage currently has a buy rating on the industrial products company’s stock.
HCCI has been the subject of a number of other research reports. Zacks Investment Research lowered Heritage-Crystal Clean from a buy rating to a hold rating in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a buy rating on shares of Heritage-Crystal Clean in a research note on Tuesday, September 5th. BidaskClub upgraded Heritage-Crystal Clean from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Barrington Research lifted their price objective on Heritage-Crystal Clean from $18.00 to $22.00 and gave the company an outperform rating in a research note on Thursday, July 27th. Finally, Robert W. Baird lowered Heritage-Crystal Clean from an outperform rating to a neutral rating and lifted their price objective for the company from $17.00 to $20.00 in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Heritage-Crystal Clean has an average rating of Buy and a consensus target price of $22.50.
Shares of Heritage-Crystal Clean (HCCI) traded down 2.580% on Friday, reaching $19.825. 425,308 shares of the company’s stock traded hands. The firm has a market capitalization of $448.32 million, a P/E ratio of 25.881 and a beta of 2.09. Heritage-Crystal Clean has a 52 week low of $12.41 and a 52 week high of $22.21. The company’s 50-day moving average is $20.92 and its 200-day moving average is $17.44.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The company had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.89%. Equities research analysts anticipate that Heritage-Crystal Clean will post $0.67 earnings per share for the current fiscal year.
In other news, VP Ellie Bruce sold 2,252 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total transaction of $38,284.00. Following the sale, the vice president now directly owns 23,281 shares in the company, valued at approximately $395,777. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.80% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. American International Group Inc. grew its position in shares of Heritage-Crystal Clean by 7.0% during the 1st quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 513 shares during the period. Nationwide Fund Advisors grew its position in shares of 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 valued at $135,000 after acquiring an additional 770 shares during the period. Wells Fargo & Company MN grew its position in shares of Heritage-Crystal Clean by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 85 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of Heritage-Crystal Clean during the 2nd quarter valued at about $191,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Heritage-Crystal Clean by 18.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 2,214 shares during the period. Hedge funds and other institutional investors own 55.02% of the company’s stock.
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.
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