Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) PT Raised to $22.00
Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) had its price objective raised by Barrington Research from $18.00 to $22.00 in a research note released on Thursday morning, MarketBeat.com reports. Barrington Research currently has an outperform rating on the industrial products company’s stock. Barrington Research also issued estimates for Heritage-Crystal Clean’s Q3 2017 earnings at $0.15 EPS, Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.74 EPS and FY2018 earnings at $0.90 EPS.
Several other brokerages have also recently issued reports on HCCI. Zacks Investment Research cut Heritage-Crystal Clean from a buy rating to a hold rating in a research note on Tuesday, July 11th. TheStreet raised Heritage-Crystal Clean from a c rating to a b- rating in a report on Wednesday, May 17th. Needham & Company LLC increased their target price on Heritage-Crystal Clean from $17.00 to $23.00 and gave the company a buy rating in a report on Thursday. Stifel Nicolaus reissued a buy rating and issued a $20.00 target price on shares of Heritage-Crystal Clean in a report on Wednesday, July 19th. Finally, Robert W. Baird lowered Heritage-Crystal Clean from an outperform rating to a neutral rating and increased their target price for the company from $17.00 to $20.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $20.50.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) traded up 2.43% on Thursday, hitting $19.00. The stock had a trading volume of 172,291 shares. The firm has a market cap of $429.67 million, a price-to-earnings ratio of 24.80 and a beta of 2.07. Heritage-Crystal Clean has a 12-month low of $11.85 and a 12-month high of $19.40. The stock has a 50 day moving average of $15.91 and a 200 day moving average of $15.09.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $86.38 million for the quarter, compared to analysts’ expectations of $82.45 million. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. Equities analysts predict that Heritage-Crystal Clean will post $0.70 earnings per share for the current fiscal year.
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In related news, Director Carmine Falcone sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $15.35, for a total transaction of $69,075.00. Following the transaction, the director now owns 3,420 shares of the company’s stock, valued at $52,497. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Gregory Ray sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $16.15, for a total value of $32,300.00. Following the transaction, the chief operating officer now directly owns 168,965 shares in the company, valued at approximately $2,728,784.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,752 shares of company stock worth $733,019. Corporate insiders own 14.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position 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 worth $108,000 after buying an additional 513 shares in the last quarter. Wells Fargo & Company MN raised its position 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 worth $143,000 after buying an additional 85 shares in the last quarter. Trexquant Investment LP bought a new position in Heritage-Crystal Clean during the first quarter worth about $149,000. Eqis Capital Management Inc. bought a new position in Heritage-Crystal Clean during the second quarter worth about $191,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in Heritage-Crystal Clean during the second quarter worth about $389,000. 53.45% of the stock is currently owned by hedge funds and other 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.
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