Robert W. Baird Increases Heritage-Crystal Clean (NASDAQ:HCCI) Price Target to $54.00

Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) had its price objective boosted by analysts at Robert W. Baird from $50.00 to $54.00 in a research note issued to investors on Thursday, The Fly reports. Robert W. Baird’s price objective would indicate a potential upside of 62.90% from the company’s current price.

HCCI has been the subject of several other reports. Truist Financial assumed coverage on shares of Heritage-Crystal Clean in a report on Monday, April 17th. They issued a “buy” rating and a $42.00 price objective for the company. Needham & Company LLC upped their target price on shares of Heritage-Crystal Clean from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, March 3rd. StockNews.com began coverage on shares of Heritage-Crystal Clean in a report on Thursday, March 16th. They set a “buy” rating on the stock. Finally, Barrington Research reiterated an “outperform” rating and set a $46.00 target price (up from $45.00) on shares of Heritage-Crystal Clean in a research report on Tuesday, March 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $44.17.

Heritage-Crystal Clean Stock Performance

Shares of NASDAQ HCCI opened at $33.15 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.65 and a quick ratio of 1.30. Heritage-Crystal Clean has a one year low of $24.00 and a one year high of $38.85. The firm has a market cap of $809.19 million, a price-to-earnings ratio of 9.29 and a beta of 1.22. The stock’s fifty day moving average price is $34.84 and its two-hundred day moving average price is $33.78.

Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. Heritage-Crystal Clean had a net margin of 11.95% and a return on equity of 20.07%. The business had revenue of $241.10 million during the quarter, compared to analysts’ expectations of $224.19 million. On average, equities analysts forecast that Heritage-Crystal Clean will post 2.74 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert W. Willmschen, Jr. sold 3,984 shares of Heritage-Crystal Clean stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $37.03, for a total transaction of $147,527.52. Following the sale, the director now owns 50,691 shares in the company, valued at $1,877,087.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Heritage-Crystal Clean

A number of hedge funds have recently added to or reduced their stakes in HCCI. Citigroup Inc. lifted its holdings in shares of Heritage-Crystal Clean by 59.0% during the 1st quarter. Citigroup Inc. now owns 790 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 293 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Heritage-Crystal Clean by 6.2% during the fourth quarter. Legal & General Group Plc now owns 5,893 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 342 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Heritage-Crystal Clean by 0.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 75,065 shares of the industrial products company’s stock valued at $2,438,000 after acquiring an additional 352 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Heritage-Crystal Clean by 0.6% during the third quarter. Two Sigma Investments LP now owns 70,414 shares of the industrial products company’s stock valued at $2,082,000 after acquiring an additional 391 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Heritage-Crystal Clean by 69.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,154 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 472 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

About Heritage-Crystal Clean

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Heritage-Crystal Clean, Inc engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services.