Heritage-Crystal Clean’s (HCCI) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) in a report released on Tuesday morning, Benzinga reports. They currently have a $46.00 target price on the industrial products company’s stock, up from their previous target price of $45.00. Barrington Research also issued estimates for Heritage-Crystal Clean’s Q1 2023 earnings at $0.51 EPS, Q2 2023 earnings at $0.67 EPS, Q3 2023 earnings at $0.64 EPS, Q4 2023 earnings at $0.64 EPS, FY2023 earnings at $2.47 EPS and FY2024 earnings at $2.97 EPS.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Heritage-Crystal Clean from $42.00 to $43.00 and gave the stock an outperform rating in a research note on Tuesday, March 7th. DA Davidson started coverage on shares of Heritage-Crystal Clean in a research note on Tuesday, January 10th. They issued a buy rating and a $40.00 price target for the company. Finally, Needham & Company LLC lifted their price target on shares of Heritage-Crystal Clean from $40.00 to $41.00 and gave the stock a buy rating in a research note on Friday, March 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $42.50.

Heritage-Crystal Clean Stock Up 2.3 %

Shares of Heritage-Crystal Clean stock opened at $34.89 on Tuesday. Heritage-Crystal Clean has a 52-week low of $24.00 and a 52-week high of $38.85. The company has a 50 day moving average of $36.58 and a 200 day moving average of $32.60. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $849.31 million, a P/E ratio of 9.77, a P/E/G ratio of 0.77 and a beta of 1.19.

Insider Buying and Selling at Heritage-Crystal Clean

In other news, Director Robert W. Willmschen, Jr. sold 3,984 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $37.03, for a total transaction of $147,527.52. Following the transaction, the director now directly owns 50,691 shares of the company’s stock, valued at approximately $1,877,087.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dorsey Wright & Associates acquired a new position in shares of Heritage-Crystal Clean during the 4th quarter worth approximately $28,000. Advisor Group Holdings Inc. raised its position in shares of Heritage-Crystal Clean by 1,693.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 861 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 813 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Heritage-Crystal Clean by 69.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,154 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 472 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Heritage-Crystal Clean in the 3rd quarter worth approximately $42,000. Finally, Lazard Asset Management LLC grew its stake in Heritage-Crystal Clean by 49.8% in the 1st quarter. Lazard Asset Management LLC now owns 2,841 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 945 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

About Heritage-Crystal Clean

(Get Rating)

Heritage-Crystal Clean, Inc engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services.