SG Americas Securities LLC Buys New Shares in Heritage-Crystal Clean, Inc (NASDAQ:HCCI)

SG Americas Securities LLC purchased a new position in Heritage-Crystal Clean, Inc (NASDAQ:HCCIGet Rating) in the second quarter, Holdings Channel.com reports. The firm purchased 5,847 shares of the industrial products company’s stock, valued at approximately $158,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cannell Capital LLC boosted its stake in shares of Heritage-Crystal Clean by 32.0% in the first quarter. Cannell Capital LLC now owns 1,122,788 shares of the industrial products company’s stock worth $33,246,000 after acquiring an additional 271,887 shares during the period. Royce & Associates LP lifted its holdings in Heritage-Crystal Clean by 0.5% in the 1st quarter. Royce & Associates LP now owns 1,021,643 shares of the industrial products company’s stock worth $30,251,000 after purchasing an additional 5,384 shares in the last quarter. Vanguard Group Inc. boosted its stake in Heritage-Crystal Clean by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 879,531 shares of the industrial products company’s stock worth $26,043,000 after purchasing an additional 8,481 shares during the period. JPMorgan Chase & Co. grew its holdings in Heritage-Crystal Clean by 447.3% during the 1st quarter. JPMorgan Chase & Co. now owns 635,430 shares of the industrial products company’s stock valued at $18,815,000 after buying an additional 519,335 shares in the last quarter. Finally, Cove Street Capital LLC raised its position in shares of Heritage-Crystal Clean by 1.3% during the first quarter. Cove Street Capital LLC now owns 423,487 shares of the industrial products company’s stock valued at $12,540,000 after buying an additional 5,548 shares during the last quarter. 60.34% of the stock is owned by institutional investors.

Heritage-Crystal Clean Trading Down 1.5 %

Shares of NASDAQ HCCI opened at $28.79 on Friday. The stock has a market capitalization of $695.85 million, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.57 and a beta of 1.17. Heritage-Crystal Clean, Inc has a 12-month low of $24.00 and a 12-month high of $36.13. The firm’s 50-day moving average price is $29.58 and its 200-day moving average price is $29.15.

Analyst Ratings Changes

Several analysts have commented on the stock. Barrington Research boosted their price target on shares of Heritage-Crystal Clean from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Robert W. Baird decreased their target price on Heritage-Crystal Clean from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. Needham & Company LLC cut their price target on Heritage-Crystal Clean from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 21st. Finally, StockNews.com cut Heritage-Crystal Clean from a “strong-buy” rating to a “buy” rating in a report on Friday, October 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Heritage-Crystal Clean presently has an average rating of “Buy” and a consensus price target of $41.67.

Insiders Place Their Bets

In other news, Director Carmine Falcone sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $33.40, for a total value of $50,100.00. Following the completion of the sale, the director now directly owns 3,471 shares of the company’s stock, valued at approximately $115,931.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Heritage-Crystal Clean news, Director Fred M. Fehsenfeld, Jr. sold 101,151 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $32.74, for a total transaction of $3,311,683.74. Following the transaction, the director now owns 107,658 shares in the company, valued at $3,524,722.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carmine Falcone sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $33.40, for a total transaction of $50,100.00. Following the completion of the sale, the director now owns 3,471 shares of the company’s stock, valued at approximately $115,931.40. The disclosure for this sale can be found here. Insiders have sold 220,876 shares of company stock valued at $7,535,126 over the last ninety days. 8.90% of the stock is owned by insiders.

About Heritage-Crystal Clean

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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.

Further Reading

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Institutional Ownership by Quarter for Heritage-Crystal Clean (NASDAQ:HCCI)

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