ValuEngine Lowers Heritage-Crystal Clean (HCCI) to Hold

ValuEngine lowered shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a buy rating to a hold rating in a research note released on Monday morning.

Several other research analysts also recently weighed in on HCCI. BidaskClub downgraded shares of Heritage-Crystal Clean from a sell rating to a strong sell rating in a research report on Friday, September 14th. Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a hold rating to a sell rating in a research report on Wednesday, July 4th. Roth Capital set a $28.00 price target on shares of Heritage-Crystal Clean and gave the stock a buy rating in a research report on Saturday, July 28th. Finally, Barrington Research set a $24.00 price target on shares of Heritage-Crystal Clean and gave the stock a buy rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $25.17.

HCCI opened at $20.95 on Monday. Heritage-Crystal Clean has a twelve month low of $17.10 and a twelve month high of $25.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.53 and a quick ratio of 1.99. The stock has a market cap of $484.02 million, a P/E ratio of 30.81, a P/E/G ratio of 1.69 and a beta of 1.84.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Heritage-Crystal Clean had a net margin of 5.83% and a return on equity of 6.79%. The firm had revenue of $100.30 million during the quarter, compared to the consensus estimate of $92.52 million. sell-side analysts expect that Heritage-Crystal Clean will post 0.83 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in HCCI. Mackay Shields LLC acquired a new stake in Heritage-Crystal Clean in the 1st quarter valued at about $350,000. Victory Capital Management Inc. acquired a new stake in Heritage-Crystal Clean in the 1st quarter valued at about $255,000. Schwab Charles Investment Management Inc. raised its holdings in Heritage-Crystal Clean by 31.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 70,840 shares of the industrial products company’s stock valued at $1,669,000 after acquiring an additional 16,936 shares during the last quarter. US Bancorp DE acquired a new stake in Heritage-Crystal Clean in the 1st quarter valued at about $125,000. Finally, Northern Trust Corp raised its holdings in Heritage-Crystal Clean by 2.1% in the 1st quarter. Northern Trust Corp now owns 164,319 shares of the industrial products company’s stock valued at $3,869,000 after acquiring an additional 3,302 shares during the last quarter. Institutional investors own 59.04% of the company’s stock.

About Heritage-Crystal Clean

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.

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

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

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