Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC increased its position in shares of Heritage-Crystal Clean, Inc (NASDAQ:HCCI) by 22.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,465 shares of the industrial products company’s stock after acquiring an additional 7,069 shares during the period. Legato Capital Management LLC’s holdings in Heritage-Crystal Clean were worth $1,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Citigroup Inc. increased its stake in Heritage-Crystal Clean by 59.0% during the first quarter. Citigroup Inc. now owns 790 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 293 shares during the period. Dorsey Wright & Associates purchased a new stake in Heritage-Crystal Clean during the 4th quarter worth approximately $28,000. Advisor Group Holdings Inc. lifted its holdings 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 buying an additional 813 shares in the last quarter. Lazard Asset Management LLC boosted its position 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 valued at $84,000 after buying an additional 945 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Heritage-Crystal Clean by 78.8% in the third quarter. Tower Research Capital LLC TRC now owns 3,220 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 1,419 shares in the last quarter. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Heritage-Crystal Clean Price Performance

Shares of HCCI traded down $0.01 on Wednesday, reaching $45.20. The stock had a trading volume of 82,410 shares, compared to its average volume of 164,235. The firm has a 50-day moving average of $44.55 and a 200 day moving average of $38.48. The firm has a market capitalization of $1.10 billion, a PE ratio of 14.13 and a beta of 1.25. Heritage-Crystal Clean, Inc has a twelve month low of $25.70 and a twelve month high of $47.98. The company has a quick ratio of 1.42, a current ratio of 1.86 and a debt-to-equity ratio of 0.19.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.19). Heritage-Crystal Clean had a net margin of 9.51% and a return on equity of 15.63%. The firm had revenue of $192.17 million during the quarter, compared to analyst estimates of $195.22 million. Sell-side analysts expect that Heritage-Crystal Clean, Inc will post 2.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HCCI. Needham & Company LLC reiterated a “hold” rating on shares of Heritage-Crystal Clean in a research note on Thursday, July 20th. Barrington Research lowered Heritage-Crystal Clean from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $46.00 to $45.50 in a research report on Thursday, July 20th. StockNews.com began coverage on shares of Heritage-Crystal Clean in a report on Saturday. They set a “buy” rating for the company. Robert W. Baird lowered Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating in a report on Thursday, August 24th. Finally, Roth Capital cut Heritage-Crystal Clean from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Heritage-Crystal Clean has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Heritage-Crystal Clean Company Profile

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 North America. It operates through two segments, Environmental Services and Oil Business.