Insider Buying: Heritage-Crystal Clean, Inc (NASDAQ:HCCI) CEO Buys 150,000 Shares of Stock

Heritage-Crystal Clean, Inc (NASDAQ:HCCI – Get Rating) CEO Brian Recatto bought 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $4,050,000.00. Following the transaction, the chief executive officer now owns 820,505 shares in the company, valued at approximately $22,153,635. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Heritage-Crystal Clean Trading Up 6.3 %

Shares of NASDAQ HCCI opened at $32.29 on Friday. Heritage-Crystal Clean, Inc has a 12 month low of $24.00 and a 12 month high of $36.29. The stock has a 50 day moving average of $27.20 and a 200-day moving average of $28.01. The company has a market capitalization of $784.07 million, a P/E ratio of 11.78, a P/E/G ratio of 0.84 and a beta of 1.19.

Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) last issued its earnings results on Wednesday, July 27th. The industrial products company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.50 by $0.47. Heritage-Crystal Clean had a return on equity of 19.68% and a net margin of 11.76%. During the same quarter in the prior year, the company posted $0.64 earnings per share. Analysts predict that Heritage-Crystal Clean, Inc will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HCCI shares. StockNews.com raised Heritage-Crystal Clean from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 18th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target (up previously from $39.00) on shares of Heritage-Crystal Clean in a research report on Monday, May 16th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $39.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dorsey Wright & Associates bought a new stake in Heritage-Crystal Clean in the 4th quarter valued at $54,000. Amalgamated Bank bought a new stake in Heritage-Crystal Clean in the 1st quarter valued at $63,000. Denali Advisors LLC bought a new stake in Heritage-Crystal Clean in the 2nd quarter valued at $70,000. Lazard Asset Management LLC boosted 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’s stock valued at $84,000 after purchasing an additional 945 shares during the period. Finally, KB Financial Partners LLC bought a new stake in Heritage-Crystal Clean in the 4th quarter valued at $156,000. 61.09% of the stock is currently owned by institutional investors.

Heritage-Crystal Clean Company Profile

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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 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.