Cove Street Capital LLC lessened its stake in shares of Heritage Crystal Clean Inc. (NASDAQ:HCCI) by 8.4% during the 1st quarter, Holdings Channel reports. The firm owned 1,355,207 shares of the industrial products company’s stock after selling 124,599 shares during the quarter. Heritage Crystal Clean comprises 3.5% of Cove Street Capital LLC’s holdings, making the stock its 7th biggest position. Cove Street Capital LLC owned 0.06% of Heritage Crystal Clean worth $31,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cambria Investment Management L.P. acquired a new position in Heritage Crystal Clean during the first quarter valued at approximately $319,000. Citigroup Inc. grew its holdings in Heritage Crystal Clean by 88.1% during the first quarter. Citigroup Inc. now owns 6,797 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 3,184 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Heritage Crystal Clean by 15.4% during the first quarter. Dimensional Fund Advisors LP now owns 756,760 shares of the industrial products company’s stock valued at $17,822,000 after purchasing an additional 100,911 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Heritage Crystal Clean during the first quarter valued at approximately $117,000. Finally, Northern Trust Corp grew its holdings in Heritage Crystal Clean by 2.1% during the first quarter. Northern Trust Corp now owns 164,319 shares of the industrial products company’s stock valued at $3,869,000 after purchasing an additional 3,302 shares during the last quarter. Institutional investors own 61.49% of the company’s stock.

HCCI has been the topic of several analyst reports. TheStreet downgraded Heritage Crystal Clean from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. BidaskClub upgraded shares of Heritage Crystal Clean from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd. ValuEngine upgraded shares of Heritage Crystal Clean from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Robert W. Baird raised their price objective on shares of Heritage Crystal Clean from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, March 2nd. Finally, Zacks Investment Research upgraded shares of Heritage Crystal Clean from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.17.

In related news, Director Robert W. Willmschen, Jr. sold 5,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $23.22, for a total value of $116,100.00. Following the completion of the transaction, the director now directly owns 47,920 shares of the company’s stock, valued at $1,112,702.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John Lucks sold 3,748 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $20.35, for a total value of $76,271.80. Following the completion of the transaction, the vice president now directly owns 96,005 shares of the company’s stock, valued at $1,953,701.75. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.

Shares of Heritage Crystal Clean opened at $20.30 on Friday, Marketbeat reports. The firm has a market capitalization of $472.97 million, a PE ratio of 29.85, a P/E/G ratio of 1.74 and a beta of 1.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.18 and a current ratio of 2.80. Heritage Crystal Clean Inc. has a 1 year low of $14.35 and a 1 year high of $25.20.

Heritage Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.09). The company had revenue of $83.15 million during the quarter, compared to analyst estimates of $84.60 million. Heritage Crystal Clean had a return on equity of 6.12% and a net margin of 6.30%. sell-side analysts anticipate that Heritage Crystal Clean Inc. will post 0.73 earnings per share for the current year.

Heritage Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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

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