Prudential Financial Inc. Acquires New Stake in Heritage-Crystal Clean, Inc. (HCCI)

Prudential Financial Inc. acquired a new stake in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,073 shares of the industrial products company’s stock, valued at approximately $350,000. Prudential Financial Inc. owned about 0.07% of Heritage-Crystal Clean as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in Heritage-Crystal Clean during the second quarter valued at $1,193,000. TIAA CREF Investment Management LLC grew its holdings in shares of Heritage-Crystal Clean by 11.7% in the second quarter. TIAA CREF Investment Management LLC now owns 51,561 shares of the industrial products company’s stock worth $820,000 after purchasing an additional 5,420 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Heritage-Crystal Clean by 15.7% in the third quarter. Wedge Capital Management L L P NC now owns 70,100 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 9,500 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Heritage-Crystal Clean by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 350,661 shares of the industrial products company’s stock worth $4,804,000 after purchasing an additional 24,493 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Heritage-Crystal Clean by 2.2% in the first quarter. Vanguard Group Inc. now owns 507,920 shares of the industrial products company’s stock worth $6,958,000 after purchasing an additional 11,160 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.

A number of research analysts have recently commented on HCCI shares. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Stifel Nicolaus restated a “buy” rating and issued a $23.00 price target on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Robert W. Baird upped their price target on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Finally, Roth Capital set a $24.00 price target on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.50.

Heritage-Crystal Clean, Inc. (NASDAQ HCCI) opened at $19.15 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 2.51 and a debt-to-equity ratio of 0.13. The company has a market cap of $443.87, a PE ratio of 31.80, a PEG ratio of 1.90 and a beta of 1.96. Heritage-Crystal Clean, Inc. has a 1-year low of $12.85 and a 1-year high of $22.21.

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). Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. The business had revenue of $83.33 million during the quarter, compared to analysts’ expectations of $85.32 million. research analysts predict that Heritage-Crystal Clean, Inc. will post 0.63 EPS for the current year.

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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.

Institutional Ownership by Quarter for Heritage-Crystal Clean (NASDAQ:HCCI)

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