Lazard Asset Management LLC Buys 3,410 Shares of Heritage-Crystal Clean, Inc (NASDAQ:HCCI)

Lazard Asset Management LLC lifted its holdings in shares of Heritage-Crystal Clean, Inc (NASDAQ:HCCIGet Rating) by 120.0% during the second quarter, HoldingsChannel reports. The firm owned 6,251 shares of the industrial products company’s stock after purchasing an additional 3,410 shares during the quarter. Lazard Asset Management LLC’s holdings in Heritage-Crystal Clean were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Ghisallo Capital Management LLC bought a new stake in shares of Heritage-Crystal Clean during the 1st quarter worth $8,739,000. FNY Investment Advisers LLC bought a new stake in shares of Heritage-Crystal Clean during the 2nd quarter worth $158,000. Denali Advisors LLC bought a new stake in shares of Heritage-Crystal Clean during the 2nd quarter worth $70,000. M&T Bank Corp raised its stake in shares of Heritage-Crystal Clean by 89.2% during the 2nd quarter. M&T Bank Corp now owns 93,388 shares of the industrial products company’s stock worth $2,518,000 after purchasing an additional 44,040 shares during the period. Finally, Seelaus Asset Management LLC raised its stake in shares of Heritage-Crystal Clean by 3.2% during the 2nd quarter. Seelaus Asset Management LLC now owns 27,250 shares of the industrial products company’s stock worth $735,000 after purchasing an additional 850 shares during the period. 60.34% of the stock is currently owned by institutional investors.

Heritage-Crystal Clean Stock Down 0.3 %

HCCI stock opened at $30.23 on Monday. The firm has a market capitalization of $730.69 million, a PE ratio of 9.51, a PEG ratio of 0.61 and a beta of 1.17. Heritage-Crystal Clean, Inc has a twelve month low of $24.00 and a twelve month high of $36.13. The stock has a 50-day simple moving average of $29.37 and a two-hundred day simple moving average of $29.24.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Heritage-Crystal Clean

In other Heritage-Crystal Clean news, Director Fred M. Fehsenfeld, Jr. sold 101,151 shares of Heritage-Crystal Clean stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $32.74, for a total transaction of $3,311,683.74. Following the completion of the transaction, the director now owns 107,658 shares of the company’s stock, valued at approximately $3,524,722.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.90% of the company’s stock.

Heritage-Crystal Clean Profile

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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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