Zacks Investment Research Downgrades Heritage-Crystal Clean (NASDAQ:HCCI) to Hold

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “

A number of other equities research analysts have also recently issued reports on HCCI. StockNews.com began coverage on shares of Heritage-Crystal Clean in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Roth Capital restated a “buy” rating on shares of Heritage-Crystal Clean in a report on Monday, March 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Heritage-Crystal Clean in a report on Friday, March 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $37.60.

Shares of Heritage-Crystal Clean stock opened at $25.67 on Tuesday. Heritage-Crystal Clean has a 52-week low of $25.58 and a 52-week high of $36.29. The stock has a market capitalization of $621.27 million, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.90 and a beta of 1.24. The company has a fifty day moving average of $28.52 and a 200-day moving average of $30.40.

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. Heritage-Crystal Clean had a net margin of 11.76% and a return on equity of 19.68%. During the same period in the previous year, the business posted $0.39 earnings per share. On average, analysts predict that Heritage-Crystal Clean will post 2.06 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC increased its stake in shares of Heritage-Crystal Clean by 3.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,674,265 shares of the industrial products company’s stock worth $77,500,000 after acquiring an additional 89,163 shares in the last quarter. Royce & Associates LP increased its stake in shares of Heritage-Crystal Clean by 0.5% in the 1st quarter. Royce & Associates LP now owns 1,021,643 shares of the industrial products company’s stock worth $30,251,000 after acquiring an additional 5,384 shares in the last quarter. FMR LLC increased its stake in shares of Heritage-Crystal Clean by 131.6% in the 1st quarter. FMR LLC now owns 785,000 shares of the industrial products company’s stock worth $21,548,000 after acquiring an additional 446,000 shares in the last quarter. Cove Street Capital LLC increased its stake in shares of Heritage-Crystal Clean by 1.1% in the 3rd quarter. Cove Street Capital LLC now owns 548,473 shares of the industrial products company’s stock worth $15,895,000 after acquiring an additional 6,213 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Heritage-Crystal Clean by 11.3% in the 4th quarter. Renaissance Technologies LLC now owns 429,200 shares of the industrial products company’s stock worth $13,743,000 after acquiring an additional 43,700 shares in the last quarter. Institutional investors own 61.09% of the company’s stock.

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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