Heritage-Crystal Clean (NASDAQ:HCCI) Announces Earnings Results, Beats Estimates By $0.08 EPS

Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08, MarketWatch Earnings reports. Heritage-Crystal Clean had a return on equity of 20.19% and a net margin of 11.76%. During the same quarter in the previous year, the company earned $0.39 earnings per share.

HCCI stock traded down $0.50 during mid-day trading on Friday, hitting $26.85. 106,509 shares of the company were exchanged, compared to its average volume of 110,351. The business has a 50 day simple moving average of $28.57 and a 200-day simple moving average of $30.46. The stock has a market capitalization of $649.77 million, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24. Heritage-Crystal Clean has a 1-year low of $26.01 and a 1-year high of $36.29.

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in Heritage-Crystal Clean by 2.2% during the fourth quarter. State Street Corp now owns 314,481 shares of the industrial products company’s stock worth $10,070,000 after acquiring an additional 6,772 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Heritage-Crystal Clean by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 274,292 shares of the industrial products company’s stock valued at $8,782,000 after buying an additional 6,591 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Heritage-Crystal Clean by 141.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 162,577 shares of the industrial products company’s stock valued at $5,206,000 after buying an additional 95,279 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Heritage-Crystal Clean by 15.1% in the fourth quarter. JPMorgan Chase & Co. now owns 116,095 shares of the industrial products company’s stock valued at $3,718,000 after buying an additional 15,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Heritage-Crystal Clean by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 114,697 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 2,631 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

HCCI has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $39.00 price target on shares of Heritage-Crystal Clean in a report on Friday, March 4th. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, March 7th. Roth Capital reiterated a “buy” rating on shares of Heritage-Crystal Clean in a report on Monday, March 7th. Finally, StockNews.com began coverage on Heritage-Crystal Clean in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $37.60.

Heritage-Crystal Clean Company Profile (Get Rating)

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 mid-sized customers in the industrial and vehicle maintenance sectors in the United States and Canada. It operates through two segments, Environmental Services and Oil Business.

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