Heritage-Crystal Clean (NASDAQ:HCCI) Cut to Sell at BidaskClub

BidaskClub downgraded shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a hold rating to a sell rating in a report released on Wednesday, BidAskClub reports.

A number of other research firms have also issued reports on HCCI. Barrington Research raised their target price on Heritage-Crystal Clean from $30.00 to $31.00 and gave the company an outperform rating in a report on Friday, July 26th. ValuEngine raised Heritage-Crystal Clean from a hold rating to a buy rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research raised Heritage-Crystal Clean from a hold rating to a strong-buy rating and set a $32.00 target price on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Heritage-Crystal Clean presently has an average rating of Buy and a consensus price target of $29.80.

HCCI opened at $26.34 on Wednesday. The firm has a market capitalization of $609.24 million, a P/E ratio of 38.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The stock’s 50 day moving average price is $26.89 and its two-hundred day moving average price is $26.41. The company has a quick ratio of 1.45, a current ratio of 1.82 and a debt-to-equity ratio of 0.31. Heritage-Crystal Clean has a 12-month low of $19.01 and a 12-month high of $29.01.

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

In other news, Director Carmine Falcone sold 2,500 shares of the stock in a transaction on Friday, August 9th. The shares were 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 in the company, valued at approximately $52,046.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $50,100.00. Following the transaction, the vice president now directly owns 78,478 shares of the company’s stock, valued at $1,965,873.90. The disclosure for this sale can be found here. Insiders sold a total of 8,796 shares of company stock worth $232,716 in the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. CIBC World Markets Inc. acquired a new position in Heritage-Crystal Clean in the first quarter worth about $211,000. Dimensional Fund Advisors LP grew its stake in shares of Heritage-Crystal Clean by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 941,255 shares of the industrial products company’s stock valued at $21,658,000 after purchasing an additional 4,634 shares during the period. TD Asset Management Inc. raised its holdings in shares of Heritage-Crystal Clean by 1.9% in the 1st quarter. TD Asset Management Inc. now owns 31,727 shares of the industrial products company’s stock worth $871,000 after buying an additional 600 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Heritage-Crystal Clean by 2.6% in the 1st quarter. Martingale Asset Management L P now owns 27,600 shares of the industrial products company’s stock worth $758,000 after buying an additional 698 shares in the last quarter. Finally, FMR LLC bought a new position in shares of Heritage-Crystal Clean during the 4th quarter worth approximately $7,800,000. Institutional investors and hedge funds own 64.03% 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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