Heritage-Crystal Clean (NASDAQ:HCCI) Downgraded by ValuEngine

ValuEngine lowered shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a buy rating to a hold rating in a research note published on Wednesday, ValuEngine reports.

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Heritage-Crystal Clean from a hold rating to a sell rating in a report on Wednesday, August 14th. Zacks Investment Research raised Heritage-Crystal Clean from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a report on Wednesday, July 31st. Finally, Barrington Research lifted their price objective on Heritage-Crystal Clean from $30.00 to $31.00 and gave the stock an outperform rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Heritage-Crystal Clean has a consensus rating of Buy and an average target price of $29.80.

Shares of HCCI opened at $24.71 on Wednesday. The business has a 50-day moving average of $26.82 and a 200 day moving average of $26.41. Heritage-Crystal Clean has a fifty-two week low of $19.01 and a fifty-two week high of $29.01. The firm has a market cap of $576.75 million, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 1.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.45 and a current ratio of 1.82.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a return on equity of 6.78% and a net margin of 3.13%. The company had revenue of $105.00 million during the quarter, compared to analyst estimates of $107.75 million. As a group, research analysts predict that Heritage-Crystal Clean will post 1.09 earnings per share for the current fiscal year.

In other Heritage-Crystal Clean news, VP Ellie Bruce sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.05, for a total value of $50,100.00. Following the completion of the transaction, the vice president now owns 78,478 shares in the company, valued at approximately $1,965,873.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carmine Falcone sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $26.22, for a total value of $65,550.00. Following the completion of the transaction, the director now owns 1,985 shares of the company’s stock, valued at approximately $52,046.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,796 shares of company stock valued at $232,716. 8.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HCCI. Geode Capital Management LLC raised its stake in shares of Heritage-Crystal Clean by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 170,588 shares of the industrial products company’s stock valued at $3,924,000 after buying an additional 13,992 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Heritage-Crystal Clean by 100.5% in the 4th quarter. Bank of America Corp DE now owns 11,910 shares of the industrial products company’s stock valued at $274,000 after buying an additional 5,971 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Heritage-Crystal Clean by 22.7% in the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock valued at $63,000 after buying an additional 507 shares in the last quarter. FMR LLC acquired a new position in shares of Heritage-Crystal Clean in the 4th quarter valued at $7,800,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Heritage-Crystal Clean by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 941,255 shares of the industrial products company’s stock worth $21,658,000 after purchasing an additional 4,634 shares in the last quarter. Institutional investors and hedge funds own 64.52% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

Further Reading: CD Ladder

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with MarketBeat.com's FREE daily email newsletter.