BidaskClub lowered shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a buy rating to a hold rating in a research note released on Thursday.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Heritage-Crystal Clean from a sell rating to a hold rating in a research report on Tuesday, December 26th. Roth Capital set a $24.00 price objective on Heritage-Crystal Clean and gave the company a buy rating in a report on Friday, October 20th. Robert W. Baird increased their price objective on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a neutral rating in a report on Friday, October 20th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $23.00 price objective on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heritage-Crystal Clean presently has an average rating of Buy and an average target price of $23.17.
Heritage-Crystal Clean (NASDAQ HCCI) traded up $0.20 during mid-day trading on Thursday, reaching $22.55. The company’s stock had a trading volume of 74,766 shares, compared to its average volume of 87,336. 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 firm has a market cap of $515.94, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.66 and a beta of 1.96. Heritage-Crystal Clean has a 52 week low of $12.85 and a 52 week high of $22.65.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $83.33 million during the quarter, compared to analyst estimates of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. equities analysts anticipate that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HCCI. Strs Ohio purchased a new position in shares of Heritage-Crystal Clean in the 3rd quarter valued at about $132,000. Nationwide Fund Advisors increased its holdings in shares of Heritage-Crystal Clean by 10.0% in the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 770 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Heritage-Crystal Clean in the 3rd quarter valued at about $225,000. The Manufacturers Life Insurance Company increased its holdings in shares of Heritage-Crystal Clean by 18.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 2,214 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Heritage-Crystal Clean by 26.1% in the 2nd quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 2,999 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.
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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.
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