Stocks of Heritage-Crystal Clean Inc (NASDAQ:HCCI) traded higher last session on Wall Street, down -0.45% to $37.63.
According to the data, Heritage-Crystal Clean Inc (NASDAQ:HCCI) has 6 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $39.00, we find $40.00. Given the previous closing price of $37.80, this indicates a potential upside of 5.82 percent. HCCI stock price is now 17.38% away from the 50-day moving average and 25.93% away from the 200-day moving average. The market capitalization of the company currently stands at $881.67M.
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A total of 0 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $40.67 as their price target over the next twelve months.
With the price target of $40, DA Davidson recently initiated with Buy rating for Heritage-Crystal Clean Inc (NASDAQ: HCCI). On October 19, 2020, Stifel Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $17 to quote $21, while ‘Needham’ rates the stock as ‘Buy’.
In other news, Fehsenfeld Fred M Jr, Director sold 46,559 shares of the company’s stock on Aug 24. The stock was sold for $1,522,945 at an average price of $32.71. Upon completion of the transaction, the Director now directly owns 61,099 shares in the company, valued at $2.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, Director Fehsenfeld Fred M Jr sold 101,151 shares of the business’s stock. A total of $3,311,684 was realized by selling the stock at an average price of $32.74. This leaves the insider owning 107,658 shares of the company worth $4.05 million. Insiders disposed of 1,204,837 shares of company stock worth roughly $45.34 million over the past 1 year. A total of 6.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCCI stock. A new stake in Heritage-Crystal Clean Inc shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $15,611,000. ROBECO SCHWEIZ AG invested $15,179,000 in shares of HCCI during the first quarter. In the first quarter, MITTLEMAN INVESTMENT MANAGEMENT, LLC acquired a new stake in Heritage-Crystal Clean Inc valued at approximately $3,531,000. FEDERATED HERMES, INC. acquired a new stake in HCCI for approximately $3,514,000. STIFEL FINANCIAL CORP purchased a new stake in HCCI valued at around $2,771,000 in the second quarter. In total, there are 189 active investors with 65.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $37.69 for Heritage-Crystal Clean Inc (NASDAQ: HCCI). During the past 12 months, Heritage-Crystal Clean Inc has had a low of $24.00 and a high of $38.46. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 0.90, and a quick ratio of 0.70. The fifty day moving average price for HCCI is $32.06 and a two-hundred day moving average price translates $29.88 for the stock.
The latest earnings results from Heritage-Crystal Clean Inc (NASDAQ: HCCI) was released for Sep, 2022. According to the Waste Management Company, earnings per share came in at $0.54, beating analysts’ expectations of $0.45 by 0.09. This compares to $0.79 EPS in the same period last year. The net profit margin was 11.80% and return on equity was 20.40% for HCCI. The company reported revenue of $172.22 million for the quarter, compared to $123.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.82 percent. For the current quarter, analysts expect HCCI to generate $135.98M in revenue.
Heritage-Crystal Clean Inc(HCCI) 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 the United States and Canada. It operates through two segments, Environmental Services and Oil Business. The Environmental Services segment offers parts cleaning, containerized waste management, wastewater vacuum, antifreeze recycling, and field services. The Oil Business segment engages in the collection of used oil, the sale of recycled fuel oil, and used oil filter removal and disposal activities, as well as the re-refining of used oil into lubricant base oil and other products. The company also collects and disposes wastewater. As of January 1, 2022, it operated through 91 branches serving approximately 95,000 customer locations. Heritage-Crystal Clean, Inc. was incorporated in 2007 and is headquartered in Elgin, Illinois.
