Heritage-Crystal Clean Inc. (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm presently has a $15.00 price target on the stock. Zacks Investment Research’s price target points to a potential downside of 8.54% from the company’s previous close.
According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “
Separately, Needham & Company LLC lifted their target price on shares of Heritage-Crystal Clean from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Heritage-Crystal Clean has a consensus rating of “Buy” and a consensus price target of $14.75.
Heritage-Crystal Clean (NASDAQ:HCCI) traded up 2.82% during midday trading on Monday, reaching $16.40. 33,867 shares of the company traded hands. Heritage-Crystal Clean has a 12 month low of $7.19 and a 12 month high of $16.40. The firm’s market capitalization is $367.52 million. The firm’s 50 day moving average price is $13.68 and its 200 day moving average price is $12.79.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Wednesday, October 19th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $81.90 million for the quarter, compared to the consensus estimate of $82.50 million. Heritage-Crystal Clean had a negative net margin of 0.03% and a positive return on equity of 3.39%. On average, analysts expect that Heritage-Crystal Clean will post $0.33 earnings per share for the current year.
In other Heritage-Crystal Clean news, CEO Joseph Chalhoub sold 20,568 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $13.70, for a total value of $281,781.60. Following the sale, the chief executive officer now directly owns 18,369 shares in the company, valued at approximately $251,655.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Lucks sold 10,837 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $13.05, for a total transaction of $141,422.85. Following the completion of the sale, the vice president now owns 20,390 shares in the company, valued at $266,089.50. The disclosure for this sale can be found here. 14.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Cove Street Capital LLC raised its stake in Heritage-Crystal Clean by 19.9% in the second quarter. Cove Street Capital LLC now owns 2,662,845 shares of the company’s stock valued at $32,514,000 after buying an additional 441,354 shares in the last quarter. Walthausen & Co. LLC raised its stake in Heritage-Crystal Clean by 2,176.8% in the second quarter. Walthausen & Co. LLC now owns 492,010 shares of the company’s stock valued at $6,007,000 after buying an additional 470,400 shares in the last quarter. Vanguard Group Inc. raised its stake in Heritage-Crystal Clean by 2.0% in the second quarter. Vanguard Group Inc. now owns 427,156 shares of the company’s stock valued at $5,215,000 after buying an additional 8,503 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Heritage-Crystal Clean during the second quarter valued at about $4,518,000. Finally, BlackRock Fund Advisors raised its stake in shares of Heritage-Crystal Clean by 6.4% in the third quarter. BlackRock Fund Advisors now owns 354,993 shares of the company’s stock valued at $4,714,000 after buying an additional 21,243 shares during the period. Institutional investors own 50.59% of the company’s stock.
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.