Heritage-Crystal Clean (NASDAQ:HCCI) Stock Crosses Above 200-Day Moving Average of $29.08

Heritage-Crystal Clean, Inc (NASDAQ:HCCIGet Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.08 and traded as high as $31.30. Heritage-Crystal Clean shares last traded at $31.28, with a volume of 92,602 shares trading hands.

Analyst Upgrades and Downgrades

HCCI has been the subject of several analyst reports. Barrington Research upped their target price on Heritage-Crystal Clean from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Needham & Company LLC upped their target price on Heritage-Crystal Clean from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, August 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, Heritage-Crystal Clean currently has an average rating of “Buy” and an average price target of $41.50.

Heritage-Crystal Clean Trading Up 1.0 %

The firm has a market capitalization of $756.07 million, a PE ratio of 10.46, a PEG ratio of 0.62 and a beta of 1.25. The business has a fifty day moving average price of $31.92 and a two-hundred day moving average price of $29.08.

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.47. Heritage-Crystal Clean had a return on equity of 20.94% and a net margin of 12.00%. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that Heritage-Crystal Clean, Inc will post 3.33 earnings per share for the current fiscal year.

Insider Activity at Heritage-Crystal Clean

In other news, CEO Brian Recatto bought 150,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average cost of $27.00 per share, for a total transaction of $4,050,000.00. Following the acquisition, the chief executive officer now directly owns 820,505 shares of the company’s stock, valued at approximately $22,153,635. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Heritage-Crystal Clean news, Director Fred M. Fehsenfeld, Jr. sold 118,225 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $35.30, for a total value of $4,173,342.50. Following the sale, the director now owns 440,829 shares of the company’s stock, valued at approximately $15,561,263.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Recatto purchased 150,000 shares of Heritage-Crystal Clean stock in a transaction on Wednesday, July 27th. The stock was bought 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 directly owns 820,505 shares in the company, valued at $22,153,635. The disclosure for this purchase can be found here. Insiders sold 260,153 shares of company stock worth $8,917,677 in the last three months. 8.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Heritage-Crystal Clean

A number of hedge funds have recently bought and sold shares of HCCI. JPMorgan Chase & Co. raised its position in Heritage-Crystal Clean by 447.3% in the 1st quarter. JPMorgan Chase & Co. now owns 635,430 shares of the industrial products company’s stock valued at $18,815,000 after purchasing an additional 519,335 shares in the last quarter. Ghisallo Capital Management LLC acquired a new stake in Heritage-Crystal Clean in the 1st quarter valued at about $8,739,000. Cannell Capital LLC raised its position in Heritage-Crystal Clean by 32.0% in the 1st quarter. Cannell Capital LLC now owns 1,122,788 shares of the industrial products company’s stock valued at $33,246,000 after purchasing an additional 271,887 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Heritage-Crystal Clean by 75.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 600,073 shares of the industrial products company’s stock valued at $16,178,000 after purchasing an additional 258,392 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Heritage-Crystal Clean by 1,581.0% during the 2nd quarter. UBS Group AG now owns 151,525 shares of the industrial products company’s stock worth $4,086,000 after acquiring an additional 142,511 shares in the last quarter. Institutional investors and hedge funds own 60.34% of the company’s stock.

About Heritage-Crystal Clean

(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.

Recommended Stories

Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with MarketBeat.com's FREE daily email newsletter.