Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) has received an average rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.50.
Several brokerages have issued reports on HCCI. 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 note 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 note on Thursday, July 27th. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Heritage-Crystal Clean in a research report on Tuesday, September 5th.
In other Heritage-Crystal Clean news, VP Ellie Bruce sold 2,252 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total value of $38,284.00. Following the completion of the sale, the vice president now owns 23,281 shares in the company, valued at $395,777. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. American International Group Inc. lifted 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 valued at $108,000 after purchasing an additional 513 shares during the last quarter. Nationwide Fund Advisors lifted its position in Heritage-Crystal Clean by 10.0% in the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 770 shares during the last quarter. Wells Fargo & Company MN lifted 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 valued at $143,000 after purchasing an additional 85 shares during the last quarter. Trexquant Investment LP bought a new stake in Heritage-Crystal Clean in the first quarter valued at approximately $149,000. Finally, Eqis Capital Management Inc. bought a new stake in Heritage-Crystal Clean in the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 55.02% of the company’s stock.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The business had revenue of $86.38 million during the quarter, compared to analyst estimates of $82.45 million. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%.
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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