Barrington Research Increases Heritage-Crystal Clean (NASDAQ:HCCI) Price Target to $39.00

Heritage-Crystal Clean (NASDAQ:HCCI) had its target price boosted by research analysts at Barrington Research from $36.00 to $39.00 in a research note issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Barrington Research’s price objective indicates a potential upside of 17.47% from the stock’s previous close. Barrington Research also issued estimates for Heritage-Crystal Clean’s Q4 2021 earnings at $0.67 EPS.

A number of other research analysts have also commented on HCCI. Needham & Company LLC upped their target price on Heritage-Crystal Clean from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research lowered Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Robert W. Baird increased their price objective on Heritage-Crystal Clean from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $36.80.

HCCI stock opened at $33.20 on Friday. The firm has a fifty day moving average price of $29.00 and a two-hundred day moving average price of $29.19. The firm has a market cap of $803.87 million, a price-to-earnings ratio of 23.22, a PEG ratio of 0.81 and a beta of 1.25. Heritage-Crystal Clean has a 1-year low of $14.72 and a 1-year high of $35.09.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Tuesday, October 19th. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. Heritage-Crystal Clean had a return on equity of 12.41% and a net margin of 7.61%. During the same period last year, the business earned $0.18 earnings per share. As a group, equities research analysts predict that Heritage-Crystal Clean will post 2.27 earnings per share for the current fiscal year.

In other Heritage-Crystal Clean news, Director Carmine Falcone sold 4,000 shares of the stock in a transaction on Wednesday, August 18th. The stock was sold at an average price of $28.10, for a total transaction of $112,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.91% of the company’s stock.

Large investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Heritage-Crystal Clean by 18.9% in the second quarter. Legal & General Group Plc now owns 2,197 shares of the industrial products company’s stock valued at $65,000 after buying an additional 349 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Heritage-Crystal Clean in the second quarter valued at $66,000. Acadian Asset Management LLC bought a new position in Heritage-Crystal Clean in the first quarter valued at about $112,000. Metropolitan Life Insurance Co NY boosted its holdings in Heritage-Crystal Clean by 101,760.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 5,093 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 5,088 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in Heritage-Crystal Clean in the third quarter valued at about $148,000. Institutional investors own 62.85% of the company’s stock.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services.

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