Redmond Asset Management LLC Trims Position in Heritage-Crystal Clean, Inc (HCCI)
Redmond Asset Management LLC lowered its stake in shares of Heritage-Crystal Clean, Inc (NASDAQ:HCCI) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 105,330 shares of the industrial products company’s stock after selling 15,960 shares during the quarter. Redmond Asset Management LLC owned approximately 0.46% of Heritage-Crystal Clean worth $2,291,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bessemer Group Inc. bought a new position in Heritage-Crystal Clean during the third quarter valued at about $544,000. Cavalier Investments LLC bought a new position in Heritage-Crystal Clean during the third quarter valued at about $409,000. Prudential Financial Inc. bought a new position in Heritage-Crystal Clean during the third quarter valued at about $350,000. American Century Companies Inc. bought a new position in Heritage-Crystal Clean during the third quarter valued at about $515,000. Finally, Wedge Capital Management L L P NC grew its position in Heritage-Crystal Clean by 15.7% during the third quarter. Wedge Capital Management L L P NC now owns 70,100 shares of the industrial products company’s stock valued at $1,525,000 after buying an additional 9,500 shares during the period. Institutional investors own 54.98% of the company’s stock.
Several equities analysts recently weighed in on the stock. Needham & Company LLC increased their price target on shares of Heritage-Crystal Clean from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Roth Capital set a $24.00 price objective on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a report on Friday, October 20th. Robert W. Baird downgraded shares of Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $17.00 to $20.00 in a report on Thursday, July 27th. Barrington Research upped their price objective on shares of Heritage-Crystal Clean from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective on shares of Heritage-Crystal Clean in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.50.
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Heritage-Crystal Clean, Inc (HCCI) traded down $0.15 during midday trading on Monday, reaching $19.25. 37,100 shares of the company’s stock traded hands, compared to its average volume of 85,051. The stock has a market capitalization of $440.44, a P/E ratio of 31.56, a PEG ratio of 1.88 and a beta of 2.01. Heritage-Crystal Clean, Inc has a 1-year low of $12.85 and a 1-year high of $22.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.71% and a return on equity of 9.37%. The business had revenue of $83.33 million for the quarter, compared to analysts’ expectations of $85.32 million. equities research analysts expect that Heritage-Crystal Clean, Inc will post 0.63 EPS for the current fiscal year.
Heritage-Crystal Clean 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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