Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Receives Consensus Recommendation of “Buy” from Brokerages

Heritage-Crystal Clean, Inc (NASDAQ:HCCI – Get Rating) has earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last year is $44.17.

Several equities research analysts have commented on the stock. Needham & Company LLC boosted 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. Robert W. Baird boosted their price objective on shares of Heritage-Crystal Clean from $50.00 to $54.00 in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Heritage-Crystal Clean from $40.00 to $42.00 in a research report on Thursday. Truist Financial initiated coverage on shares of Heritage-Crystal Clean in a research report on Monday, April 17th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, StockNews.com initiated coverage on shares of Heritage-Crystal Clean in a research report on Thursday, March 16th. They issued a “buy” rating on the stock.

Heritage-Crystal Clean Price Performance

Heritage-Crystal Clean stock opened at $33.54 on Friday. The company has a market cap of $818.71 million, a P/E ratio of 9.39 and a beta of 1.22. Heritage-Crystal Clean has a one year low of $24.00 and a one year high of $38.85. The business has a fifty day moving average of $34.91 and a two-hundred day moving average of $33.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.65.

Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) last issued its earnings results on Wednesday, March 1st. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. The company had revenue of $241.10 million for the quarter, compared to analyst estimates of $224.19 million. Heritage-Crystal Clean had a net margin of 11.95% and a return on equity of 20.07%. As a group, analysts predict that Heritage-Crystal Clean will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert W. Willmschen, Jr. sold 3,984 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $37.03, for a total transaction of $147,527.52. Following the completion of the transaction, the director now 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 available at this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HCCI. Citigroup Inc. increased its position in Heritage-Crystal Clean by 59.0% during the 1st quarter. Citigroup Inc. now owns 790 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 293 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in Heritage-Crystal Clean during the 4th quarter worth approximately $28,000. Advisor Group Holdings Inc. increased its position in 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in Heritage-Crystal Clean by 69.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,154 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 472 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new stake in Heritage-Crystal Clean during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.