Heritage-Crystal Clean Inc. (HCCI) Trading Up 4.8%
Heritage-Crystal Clean Inc. (NASDAQ:HCCI)’s share price traded up 4.8% during mid-day trading on Tuesday . The company traded as high as $13.62 and last traded at $13.51, with a volume of 83,338 shares changing hands. The stock had previously closed at $12.89.
A number of equities analysts have recently issued reports on the stock. Needham & Company LLC increased their price objective on shares of Heritage-Crystal Clean from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Friday, July 29th. TheStreet upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Finally, Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.50.
The firm has a market capitalization of $303.28 million, a P/E ratio of 1041.154 and a beta of 1.09. The stock’s 50-day moving average price is $12.99 and its 200 day moving average price is $11.57.
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Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. Heritage-Crystal Clean had a net margin of 0.08% and a return on equity of 2.23%. On average, equities analysts forecast that Heritage-Crystal Clean Inc. will post $0.33 earnings per share for the current year.
In related news, VP Tom Hillstrom sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $13.21, for a total transaction of $198,150.00. Following the transaction, the vice president now directly owns 3,810 shares in the company, valued at $50,330.10. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 14.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of HCCI. Spark Investment Management LLC purchased a new position in shares of Heritage-Crystal Clean during the second quarter worth $225,000. Envestnet Asset Management Inc. boosted its position in Heritage-Crystal Clean by 14.4% in the first quarter. Envestnet Asset Management Inc. now owns 22,772 shares of the company’s stock worth $226,000 after buying an additional 2,875 shares during the period. Teachers Advisors Inc. boosted its position in Heritage-Crystal Clean by 1.8% in the second quarter. Teachers Advisors Inc. now owns 19,037 shares of the company’s stock worth $232,000 after buying an additional 337 shares during the period. Renaissance Technologies LLC boosted its position in Heritage-Crystal Clean by 115.2% in the first quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock worth $267,000 after buying an additional 14,400 shares during the period. Finally, Sunnymeath Asset Management Inc. bought a new position in Heritage-Crystal Clean during the second quarter worth approximately $281,000. Institutional investors and hedge funds own 49.84% 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.
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