Heritage-Crystal Clean (NASDAQ: HCCI – Get Rating) had its price target raised by Needham & Company LLC from $39.00 to $41.00 in a report released Friday morning, MarketBeat.com reports. They currently have a buy rating on shares of the industrial products company.
A number of other equity research analysts have also recently published reports on HCCI. StockNews.com moved shares of Heritage-Crystal Clean from a buy rating to a strong buy rating in a Wednesday, May 18 research note. Barrington Research reaffirmed an outperform rating and issued a price target of $40.00 (down from $39.00 previously) on Heritage-Crystal Clean shares in a Monday, May 16 research note. Four equity research analysts gave the stock a buy rating and one gave the company’s stock a strong buy rating. According to MarketBeat.com, the company currently has an average buy rating and an average price target of $39.75.
Heritage-Crystal Clean price performance
HCCI stock opened at $33.79 on Friday. Heritage-Crystal Clean has a one-year minimum of $24.00 and a one-year maximum of $36.29. The stock has a market capitalization of $820.49 million, a PE ratio of 11.30, a P/E/G ratio of 0.96 and a beta of 1.26. The company has a 50-day simple moving average of $27.49 and a two-hundred-day simple moving average of $28.02.
Heritage-Crystal Clean (NASDAQ: HCCI – Get Rating) last reported quarterly earnings data on Wednesday, July 27. The industrial products company reported earnings per share (EPS) of $0.97 for the quarter, beating analysts’ consensus estimate of $0.50 by $0.47. Heritage-Crystal Clean had a net margin of 12.00% and a return on equity of 20.94%. In the same period a year earlier, the company posted earnings per share of $0.64. On average, research analysts expect Heritage-Crystal Clean to post EPS of 2.33 for the current fiscal year.
Insider activity at Heritage-Crystal Clean
In related news, CEO Brian Recatto acquired 150,000 shares of the company in a transaction on Wednesday, July 27. The shares were acquired at an average cost of $27.00 per share, for a total transaction of $4,050,000.00. Following the acquisition, the CEO now owns 820,505 shares of the company, valued at $22,153,635. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.90% of the shares are currently held by insiders of the company.
Heritage-Crystal Clean Institutional Trade
Several institutional investors have recently bought and sold shares of HCCI. Amalgamated Bank purchased a new equity stake in Heritage-Crystal Clean during Q1 worth approximately $63,000. Denali Advisors LLC purchased a new stake in Heritage-Crystal Clean during Q2 for approximately $70,000. Lazard Asset Management LLC increased its stake in Heritage-Crystal Clean by 49.8% in the 1st quarter. Lazard Asset Management LLC now owns 2,841 shares of the industrial products company worth $84,000 after acquiring 945 additional shares during the period. The Tennessee State Treasury Department increased its stake in Heritage-Crystal Clean by 25.8% in Q1. The Tennessee State Treasury Department now owns 4,962 shares of the industrial products company worth $147,000 after acquiring 1,019 additional shares during the period. Finally, KB Financial Partners LLC purchased a new equity stake in Heritage-Crystal Clean during the fourth quarter valued at approximately $156,000. 61.09% of the shares are held by hedge funds and other institutional investors.
About Heritage-Crystal Clean
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Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and medium-sized customers size in the industrial maintenance and vehicle sectors in the United States and Canada. It operates through two segments, environmental services and petroleum activities.
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