Wells Fargo & Company MN Continues to Hold Position in Heritage-Crystal Clean, Inc. (HCCI)
Wells Fargo & Company MN continued to hold its stake in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,452 shares of the industrial products company’s stock at the end of the second quarter. Wells Fargo & Company MN’s holdings in Heritage-Crystal Clean were worth $166,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. American International Group Inc. raised its position in shares of Heritage-Crystal Clean by 7.0% during the first quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 513 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of Heritage-Crystal Clean during the second quarter worth approximately $191,000. Rhumbline Advisers raised its position in shares of Heritage-Crystal Clean by 8.3% during the second quarter. Rhumbline Advisers now owns 14,912 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 1,140 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Heritage-Crystal Clean during the second quarter worth approximately $389,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Heritage-Crystal Clean by 3.3% during the first quarter. TIAA CREF Investment Management LLC now owns 46,141 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 1,473 shares during the period. 54.87% of the stock is currently owned by institutional investors.
Shares of Heritage-Crystal Clean, Inc. (HCCI) opened at $18.95 on Friday. Heritage-Crystal Clean, Inc. has a 1-year low of $12.85 and a 1-year high of $22.21. The stock has a market capitalization of $433.57, a price-to-earnings ratio of 31.07, a P/E/G ratio of 1.85 and a beta of 2.01. The company has a current ratio of 2.51, a quick ratio of 2.02 and a debt-to-equity ratio of 0.13.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. The company had revenue of $83.33 million for the quarter, compared to the consensus estimate of $85.32 million. analysts forecast that Heritage-Crystal Clean, Inc. will post 0.63 EPS for the current fiscal year.
HCCI has been the topic of a number of research reports. Robert W. Baird lowered Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $20.00 in a research report on Thursday, July 27th. Needham & Company LLC upped their target price on Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Barrington Research upped their target price on Heritage-Crystal Clean from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, July 28th. Finally, BidaskClub raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One 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. Heritage-Crystal Clean currently has an average rating of “Buy” and a consensus target price of $22.50.
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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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