Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Receives Consensus Rating of “Hold” from Analysts

Shares of Heritage-Crystal Clean, Inc (NASDAQ:HCCI) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $44.29.

A number of brokerages have recently weighed in on HCCI. Needham & Company LLC restated a “hold” rating on shares of Heritage-Crystal Clean in a research note on Thursday, July 20th. Roth Capital lowered Heritage-Crystal Clean from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 29th. Roth Mkm restated a “buy” rating and set a $45.50 price target on shares of Heritage-Crystal Clean in a research note on Tuesday, August 29th. Barrington Research downgraded Heritage-Crystal Clean from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $46.00 to $45.50 in a report on Thursday, July 20th. Finally, Robert W. Baird downgraded Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating in a report on Thursday, August 24th.

Heritage-Crystal Clean Stock Performance

Shares of Heritage-Crystal Clean stock opened at $45.24 on Thursday. The firm has a market cap of $1.10 billion, a P/E ratio of 14.14 and a beta of 1.25. The company has a current ratio of 1.86, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Heritage-Crystal Clean has a 12 month low of $25.70 and a 12 month high of $47.98. The stock’s fifty day moving average price is $44.69 and its 200-day moving average price is $38.53.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.19). Heritage-Crystal Clean had a net margin of 9.51% and a return on equity of 15.63%. The company had revenue of $192.17 million for the quarter, compared to the consensus estimate of $195.22 million. On average, equities research analysts expect that Heritage-Crystal Clean will post 2.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL purchased a new stake in shares of Heritage-Crystal Clean in the second quarter valued at approximately $850,000. California State Teachers Retirement System increased its position in shares of Heritage-Crystal Clean by 8.4% in the second quarter. California State Teachers Retirement System now owns 21,291 shares of the industrial products company’s stock valued at $805,000 after buying an additional 1,655 shares in the last quarter. Legato Capital Management LLC increased its position in shares of Heritage-Crystal Clean by 31.1% in the second quarter. Legato Capital Management LLC now owns 50,424 shares of the industrial products company’s stock valued at $1,906,000 after buying an additional 11,959 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Heritage-Crystal Clean by 1.3% in the second quarter. Alliancebernstein L.P. now owns 1,112,339 shares of the industrial products company’s stock valued at $42,035,000 after buying an additional 14,050 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Heritage-Crystal Clean by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 17,055 shares of the industrial products company’s stock valued at $645,000 after buying an additional 333 shares in the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Heritage-Crystal Clean Company Profile

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 North America. It operates through two segments, Environmental Services and Oil Business.