Heritage-Crystal Clean (NASDAQ:HCCI) Rating Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of Heritage-Crystal Clean (NASDAQ:HCCI) from a sell rating to a strong sell rating in a report issued on Saturday, BidAskClub reports.

Several other research analysts have also issued reports on the stock. Barrington Research increased their price target on shares of Heritage-Crystal Clean from $30.00 to $31.00 and gave the stock an outperform rating in a research note on Friday, July 26th. ValuEngine lowered shares of Heritage-Crystal Clean from a buy rating to a hold rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a hold rating to a strong-buy rating and set a $32.00 price objective on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $29.80.

HCCI opened at $24.31 on Friday. The stock has a fifty day simple moving average of $26.01 and a two-hundred day simple moving average of $26.33. The company has a current ratio of 1.82, a quick ratio of 1.45 and a debt-to-equity ratio of 0.31. The company has a market cap of $562.17 million, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48. Heritage-Crystal Clean has a 12-month low of $19.01 and a 12-month high of $29.01.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a net margin of 3.13% and a return on equity of 6.78%. The firm had revenue of $105.00 million for the quarter, compared to analysts’ expectations of $107.75 million. On average, analysts predict that Heritage-Crystal Clean will post 1.09 EPS for the current year.

In other Heritage-Crystal Clean news, Director Carmine Falcone sold 2,500 shares of Heritage-Crystal Clean stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $26.22, for a total value of $65,550.00. Following the completion of the transaction, the director now directly owns 1,985 shares of the company’s stock, valued at $52,046.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ellie Bruce sold 2,000 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.05, for a total transaction of $50,100.00. Following the completion of the transaction, the vice president now directly owns 78,478 shares of the company’s stock, valued at $1,965,873.90. The disclosure for this sale can be found here. Insiders sold 8,796 shares of company stock worth $232,716 over the last three months. Corporate insiders own 8.40% of the company’s stock.

Several large investors have recently bought and sold shares of HCCI. Bank of Montreal Can bought a new stake in shares of Heritage-Crystal Clean during the second quarter valued at approximately $33,000. Aperio Group LLC purchased a new stake in Heritage-Crystal Clean during the 2nd quarter valued at $43,000. BNP Paribas Arbitrage SA boosted its stake in Heritage-Crystal Clean by 476.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 2,562 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Heritage-Crystal Clean by 14.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 512 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Heritage-Crystal Clean by 7.5% in the 2nd quarter. Strs Ohio now owns 7,200 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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