Cannell Capital LLC grew its holdings in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 690,199 shares of the industrial products company’s stock after acquiring an additional 80,135 shares during the quarter. Heritage-Crystal Clean comprises 3.7% of Cannell Capital LLC’s investment portfolio, making the stock its 7th largest position. Cannell Capital LLC owned about 2.99% of Heritage-Crystal Clean worth $13,873,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of HCCI. Mackay Shields LLC bought a new stake in shares of Heritage-Crystal Clean during the 1st quarter valued at about $350,000. Victory Capital Management Inc. bought a new stake in Heritage-Crystal Clean in the 1st quarter worth approximately $255,000. Schwab Charles Investment Management Inc. lifted its position in Heritage-Crystal Clean by 31.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 70,840 shares of the industrial products company’s stock worth $1,669,000 after buying an additional 16,936 shares during the last quarter. US Bancorp DE bought a new stake in Heritage-Crystal Clean in the 1st quarter worth approximately $125,000. Finally, Northern Trust Corp lifted its position in Heritage-Crystal Clean by 2.1% in the 1st quarter. Northern Trust Corp now owns 164,319 shares of the industrial products company’s stock worth $3,869,000 after buying an additional 3,302 shares during the last quarter. Hedge funds and other institutional investors own 61.87% of the company’s stock.
NASDAQ:HCCI opened at $23.60 on Thursday. The company has a market capitalization of $537.03 million, a P/E ratio of 34.78, a PEG ratio of 1.88 and a beta of 1.84. Heritage-Crystal Clean, Inc. has a 1-year low of $17.10 and a 1-year high of $25.20. The company has a quick ratio of 1.99, a current ratio of 2.53 and a debt-to-equity ratio of 0.12.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Wednesday, July 25th. The industrial products company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The company had revenue of $100.30 million during the quarter, compared to the consensus estimate of $92.52 million. Heritage-Crystal Clean had a return on equity of 6.79% and a net margin of 5.83%. equities analysts forecast that Heritage-Crystal Clean, Inc. will post 0.83 EPS for the current fiscal year.
A number of research firms recently weighed in on HCCI. BidaskClub downgraded Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, July 31st. Roth Capital set a $28.00 target price on Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Saturday, July 28th. Finally, Barrington Research set a $24.00 target price on Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Heritage-Crystal Clean presently has an average rating of “Buy” and an average target price of $25.17.
Heritage-Crystal Clean Profile
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.
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