Central Securities Corp maintained its position in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 700,000 shares of the industrial products company’s stock at the close of the second quarter. Heritage-Crystal Clean comprises approximately 2.0% of Central Securities Corp’s investment portfolio, making the stock its 21st biggest position. Central Securities Corp owned about 3.10% of Heritage-Crystal Clean worth $11,130,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HCCI. American International Group Inc. grew its stake in Heritage-Crystal Clean by 7.0% during the 1st quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock worth $108,000 after buying an additional 513 shares during the last quarter. Nationwide Fund Advisors grew its stake in Heritage-Crystal Clean by 10.0% during the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after buying an additional 770 shares during the last quarter. Wells Fargo & Company MN grew its stake in Heritage-Crystal Clean by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock worth $143,000 after buying an additional 85 shares during the last quarter. Trexquant Investment LP purchased a new position in Heritage-Crystal Clean during the 1st quarter worth $149,000. Finally, Eqis Capital Management Inc. purchased a new position in Heritage-Crystal Clean during the 2nd quarter worth $191,000. 55.07% of the stock is owned by hedge funds and other institutional investors.
Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) traded up 2.96% during mid-day trading on Wednesday, reaching $20.90. The company’s stock had a trading volume of 52,068 shares. The stock’s 50 day moving average is $19.28 and its 200 day moving average is $16.21. The firm has a market cap of $472.63 million, a PE ratio of 27.28 and a beta of 2.09. Heritage-Crystal Clean, Inc. has a one year low of $11.85 and a one year high of $21.05.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. The company had revenue of $86.38 million for the quarter, compared to analysts’ expectations of $82.45 million. On average, analysts anticipate that Heritage-Crystal Clean, Inc. will post $0.70 EPS for the current year.
In other news, COO Gregory Ray sold 2,000 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $16.15, for a total transaction of $32,300.00. Following the sale, the chief operating officer now owns 168,965 shares in the company, valued at $2,728,784.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ellie Bruce sold 2,252 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total value of $38,284.00. Following the sale, the vice president now owns 23,281 shares in the company, valued at approximately $395,777. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.
Several research analysts recently weighed in on the company. Robert W. Baird downgraded Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $17.00 to $20.00 in a research note on Thursday, July 27th. Barrington Research boosted their target price on Heritage-Crystal Clean from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating on shares of Heritage-Crystal Clean in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.50.
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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