Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) – Stock analysts at Barrington Research upped their Q3 2017 earnings estimates for Heritage-Crystal Clean in a research report issued on Thursday. Barrington Research analyst K. Steinke now forecasts that the industrial products company will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.13. Barrington Research has a “Outperform” rating and a $22.00 price target on the stock. Barrington Research also issued estimates for Heritage-Crystal Clean’s Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.74 EPS and FY2018 earnings at $0.90 EPS.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. The firm had revenue of $86.38 million during the quarter, compared to analyst estimates of $82.45 million.
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A number of other equities analysts have also recently issued reports on HCCI. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday. Needham & Company LLC upped their target price on Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird cut Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $20.00 in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price on shares of Heritage-Crystal Clean in a report on Wednesday, July 19th. Finally, TheStreet raised Heritage-Crystal Clean from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $20.50.
Heritage-Crystal Clean (HCCI) opened at 18.55 on Friday. The firm’s 50-day moving average price is $15.91 and its 200 day moving average price is $15.09. The firm has a market capitalization of $419.49 million, a price-to-earnings ratio of 24.22 and a beta of 2.07. Heritage-Crystal Clean has a 1-year low of $11.85 and a 1-year high of $19.25.
Institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Heritage-Crystal Clean by 4.7% in the fourth quarter. State Street Corp now owns 168,160 shares of the industrial products company’s stock worth $2,637,000 after buying an additional 7,555 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Heritage-Crystal Clean by 16.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,168 shares of the industrial products company’s stock valued at $5,121,000 after buying an additional 45,048 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Heritage-Crystal Clean by 42.0% in the fourth quarter. Renaissance Technologies LLC now owns 124,800 shares of the industrial products company’s stock valued at $1,959,000 after buying an additional 36,900 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Heritage-Crystal Clean by 24.9% in the fourth quarter. Teachers Advisors LLC now owns 32,951 shares of the industrial products company’s stock valued at $517,000 after buying an additional 6,578 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Heritage-Crystal Clean by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 271,278 shares of the industrial products company’s stock valued at $3,717,000 after buying an additional 26,248 shares during the last quarter. 53.45% of the stock is owned by institutional investors and hedge funds.
In other Heritage-Crystal Clean news, VP John Lucks sold 6,500 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $14.70, for a total value of $95,550.00. Following the completion of the transaction, the vice president now owns 37,755 shares of the company’s stock, valued at approximately $554,998.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Ellie Bruce sold 2,252 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total value of $38,284.00. Following the completion of the transaction, the vice president now directly owns 23,281 shares of the company’s stock, valued at approximately $395,777. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,752 shares of company stock valued at $733,019. Insiders own 14.80% of the company’s stock.
Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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