Heritage-Crystal Clean (HCCI) Cut to Strong Sell at BidaskClub

Heritage-Crystal Clean (NASDAQ:HCCI) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday, September 14th.

Several other research analysts have also issued reports on the company. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, July 31st. Roth Capital set a $28.00 target price on Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Saturday, July 28th. Finally, Barrington Research set a $24.00 target price on Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Heritage-Crystal Clean has an average rating of “Buy” and an average price target of $25.17.

Shares of NASDAQ HCCI traded down $0.30 during mid-day trading on Friday, hitting $19.66. 32,136 shares of the stock traded hands, compared to its average volume of 75,641. The company has a quick ratio of 1.99, a current ratio of 2.53 and a debt-to-equity ratio of 0.12. Heritage-Crystal Clean has a twelve month low of $17.10 and a twelve month high of $25.20. The company has a market cap of $492.09 million, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The company had revenue of $100.30 million for the quarter, compared to the consensus estimate of $92.52 million. Heritage-Crystal Clean had a return on equity of 6.79% and a net margin of 5.83%. On average, research analysts anticipate that Heritage-Crystal Clean will post 0.83 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Heritage-Crystal Clean by 4.5% in the 2nd quarter. Northern Trust Corp now owns 171,740 shares of the industrial products company’s stock worth $3,452,000 after acquiring an additional 7,421 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Heritage-Crystal Clean by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,694 shares of the industrial products company’s stock worth $3,712,000 after acquiring an additional 5,500 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Heritage-Crystal Clean by 6.5% in the 2nd quarter. California Public Employees Retirement System now owns 42,922 shares of the industrial products company’s stock worth $863,000 after acquiring an additional 2,622 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of Heritage-Crystal Clean in the 2nd quarter worth about $559,000. Finally, Cannell Capital LLC raised its position in shares of Heritage-Crystal Clean by 13.1% in the 2nd quarter. Cannell Capital LLC now owns 690,199 shares of the industrial products company’s stock worth $13,873,000 after acquiring an additional 80,135 shares in the last quarter. 59.04% of the stock is owned by institutional investors and hedge funds.

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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