Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, July 4th. The brokerage presently has a $18.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential downside of 2.96% from the stock’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. “
Several other research firms also recently weighed in on HCCI. Roth Capital set a $17.00 target price on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a report on Monday, March 20th. TheStreet upgraded shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.50.
Heritage-Crystal Clean (NASDAQ:HCCI) traded down 0.27% during midday trading on Tuesday, hitting $18.55. The stock had a trading volume of 233,771 shares. The company has a market cap of $419.49 million, a P/E ratio of 24.22 and a beta of 2.07. Heritage-Crystal Clean has a 12 month low of $11.85 and a 12 month high of $19.25. The firm’s 50-day moving average price is $15.91 and its 200 day moving average price is $15.09.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.69%. The business had revenue of $86.38 million for the quarter, compared to analyst estimates of $82.45 million. On average, analysts expect that Heritage-Crystal Clean will post $0.70 earnings per share for the current fiscal year.
WARNING: “Heritage-Crystal Clean, Inc. (HCCI) Lifted to “Buy” at Zacks Investment Research” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/30/heritage-crystal-clean-inc-hcci-upgraded-by-zacks-investment-research-to-buy-updated-updated-updated.html.
In other news, VP John Lucks sold 33,500 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.86, for a total value of $497,810.00. Following the sale, the vice president now directly owns 40,699 shares in the company, valued at $604,787.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregory Ray sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $16.15, for a total transaction of $32,300.00. Following the completion of the sale, the chief operating officer now owns 168,965 shares in the company, valued at $2,728,784.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,752 shares of company stock worth $733,019. Company insiders own 14.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in HCCI. Russell Investments Group Ltd. purchased a new position in shares of Heritage-Crystal Clean during the fourth quarter valued at about $3,822,000. Cannell Capital LLC purchased a new position in shares of Heritage-Crystal Clean during the first quarter valued at about $2,594,000. Cove Street Capital LLC increased its position in shares of Heritage-Crystal Clean by 4.5% in the first quarter. Cove Street Capital LLC now owns 2,625,595 shares of the industrial products company’s stock valued at $35,971,000 after buying an additional 112,295 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Heritage-Crystal Clean during the first quarter valued at about $1,201,000. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Heritage-Crystal Clean by 55.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 197,798 shares of the industrial products company’s stock valued at $2,710,000 after buying an additional 70,342 shares during the last quarter. 53.45% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with MarketBeat.com's FREE daily email newsletter.