Research Analysts Offer Predictions for Heritage-Crystal Clean, Inc’s Q2 2023 Earnings (NASDAQ:HCCI)

Heritage-Crystal Clean, Inc (NASDAQ:HCCI – Get Rating) – Stock analysts at Barrington Research issued their Q2 2023 earnings per share estimates for Heritage-Crystal Clean in a report issued on Tuesday, March 14th. Barrington Research analyst K. Steinke expects that the industrial products company will earn $0.67 per share for the quarter. Barrington Research has a “Outperform” rating and a $46.00 price objective on the stock. The consensus estimate for Heritage-Crystal Clean’s current full-year earnings is $2.98 per share. Barrington Research also issued estimates for Heritage-Crystal Clean’s Q3 2023 earnings at $0.64 EPS, FY2023 earnings at $2.47 EPS and FY2024 earnings at $2.97 EPS.

Other analysts have also recently issued reports about the company. DA Davidson started coverage on Heritage-Crystal Clean in a research report on Tuesday, January 10th. They issued a “buy” rating and a $40.00 price target on the stock. StockNews.com initiated coverage on shares of Heritage-Crystal Clean in a report on Thursday. They set a “buy” rating for the company. Robert W. Baird increased their price objective on shares of Heritage-Crystal Clean from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 7th. Finally, Needham & Company LLC raised their target price on shares of Heritage-Crystal Clean from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $42.50.

Heritage-Crystal Clean Trading Up 2.3 %

NASDAQ HCCI opened at $34.89 on Thursday. The company has a market capitalization of $849.45 million, a price-to-earnings ratio of 9.77, a PEG ratio of 0.77 and a beta of 1.19. The stock’s 50-day simple moving average is $36.58 and its two-hundred day simple moving average is $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. Heritage-Crystal Clean has a twelve month low of $24.00 and a twelve month high of $38.85.

Insider Activity

In related news, Director Robert W. Willmschen, Jr. sold 3,984 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 50,691 shares of the company’s stock, valued at approximately $1,877,087.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Heritage-Crystal Clean

Large investors have recently bought and sold shares of the company. Swiss National Bank grew its stake in Heritage-Crystal Clean by 8.1% in the 1st quarter. Swiss National Bank now owns 37,200 shares of the industrial products company’s stock worth $1,101,000 after acquiring an additional 2,800 shares during the period. Bank of New York Mellon Corp increased its position in shares of Heritage-Crystal Clean by 10.2% in the 1st quarter. Bank of New York Mellon Corp now owns 134,552 shares of the industrial products company’s stock worth $3,984,000 after purchasing an additional 12,470 shares during the last quarter. American Century Companies Inc. grew its position in shares of Heritage-Crystal Clean by 46.8% during the 1st quarter. American Century Companies Inc. now owns 37,075 shares of the industrial products company’s stock valued at $1,098,000 after buying an additional 11,826 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Heritage-Crystal Clean by 39.2% during the 1st quarter. MetLife Investment Management LLC now owns 8,766 shares of the industrial products company’s stock valued at $260,000 after buying an additional 2,467 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Heritage-Crystal Clean by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 879,531 shares of the industrial products company’s stock valued at $26,043,000 after purchasing an additional 8,481 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

About Heritage-Crystal Clean

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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.