Heritage-Crystal Clean (NASDAQ:HCCI) Announces Quarterly Results
Heritage-Crystal Clean (NASDAQ:HCCI – Get Rating) released its quarterly earnings data on Wednesday. The industrial products company reported EPS of $0.54 for the quarter, beating the consensus estimate of $0.46 by $0.08, MarketWatch Earnings reports. Heritage-Crystal Clean had a return on equity of 19.59% and a net margin of 11.83%. During the same period last year, the company posted EPS of $0.39.
Shares of NASDAQ:HCCI traded down $0.50 in Friday’s midday session, hitting $26.85. 106,499 shares of the company were traded, compared to its average volume of 71,453. The company has a fifty-day simple moving average of $28.57 and a two-hundred-day simple moving average of $30.46. The company has a market capitalization of $649.82 million, a P/E ratio of 9.80, a PEG ratio of 0.90 and a beta of 1.24. Heritage-Crystal Clean has a 1-year minimum of $26.01 and a 1-year maximum of $36.29.
Several research companies have commented on HCCI. StockNews.com began covering Heritage-Crystal Clean in a research report on Thursday, March 31. They issued a “Strong Buy” rating on the stock. Needham & Company LLC restated a “buy” rating and posted a $39.00 price target on Heritage-Crystal Clean shares in a research report on Friday, March 4. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a price target of $32.00 on the stock in a Monday, March 7 research report. Finally, Roth Capital reiterated a “buy” rating on Heritage-Crystal Clean shares in a Monday, March 7 research report. Five equity research analysts gave the stock a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $37.60.
Several institutional investors have recently increased or reduced their stake in HCCI. State Street Corp increased its position in Heritage-Crystal Clean shares by 2.2% in the fourth quarter. State Street Corp now owns 314,481 shares of the industrial products company valued at $10,070,000 after buying an additional 6,772 shares in the last quarter. Geode Capital Management LLC increased its position in Heritage-Crystal Clean shares by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 274,292 shares of the industrial products company valued at $8,782,000 after purchasing an additional 6,591 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Heritage-Crystal Clean shares by 141.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 162,577 shares of the industrial products company valued at $5,206,000 after buying an additional 95,279 shares in the last quarter. JPMorgan Chase & Co. raised its position in Heritage-Crystal Clean shares by 15.1% in the fourth quarter. JPMorgan Chase & Co. now owns 116,095 shares of the industrial products company valued at $3,718,000 after buying an additional 15,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Heritage-Crystal Clean shares by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 114,697 shares of the industrial products company valued at $3,673,000 after purchasing an additional 2,631 shares in the last quarter. 61.09% of the shares are held by institutional investors and hedge funds.
Heritage-Crystal Clean Company Profile (Get a rating)
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 medium-sized customers size in the industrial maintenance and vehicle sectors in the United States and Canada. It operates through two segments, environmental services and petroleum activities.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Heritage-Crystal Clean right now?
Before you consider Heritage-Crystal Clean, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Heritage-Crystal Clean didn’t make the list.
Although Heritage-Crystal Clean currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here