Heritage-Crystal Clean (HCCI) Upgraded to Hold by BidaskClub
BidaskClub upgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a sell rating to a hold rating in a report issued on Wednesday.
HCCI has been the topic of several other reports. Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a buy rating to a hold rating in a research report on Wednesday, September 27th. Stifel Nicolaus reiterated a buy rating and set a $23.00 target price on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Robert W. Baird lifted their target price on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a neutral rating in a research report on Friday, October 20th. Finally, Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the stock a buy rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $22.50.
Heritage-Crystal Clean (NASDAQ HCCI) traded up $0.20 on Wednesday, hitting $19.45. 47,800 shares of the stock were exchanged, compared to its average volume of 84,461. 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 has a one year low of $12.85 and a one year high of $22.21. The firm has a market cap of $440.44, a P/E ratio of 31.56, a P/E/G ratio of 1.88 and a beta of 1.96.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the 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 for the quarter, compared to analyst estimates of $85.32 million. equities analysts predict that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC bought a new position in Heritage-Crystal Clean during the 3rd quarter worth approximately $4,375,000. Cornerstone Capital Management Holdings LLC. raised its holdings in Heritage-Crystal Clean by 73.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 83,578 shares of the industrial products company’s stock worth $1,817,000 after purchasing an additional 35,300 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Heritage-Crystal Clean during the 3rd quarter worth approximately $640,000. Dimensional Fund Advisors LP raised its holdings in Heritage-Crystal Clean by 30.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after purchasing an additional 121,150 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Heritage-Crystal Clean by 221.4% during the 3rd quarter. Wells Fargo & Company MN now owns 33,590 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 23,138 shares during the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.
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About Heritage-Crystal Clean
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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