In a report sent to investors and clients on Thursday, the firm issued a 'buy' rating for the industrial products company. The company assigned a rating of 'buy' to the stock of industrial products firm.
Recent research reports have been released by other analysts about the stock. Needham & Company LLC raised their price target for shares of Heritage Crystal Clean from $40.00 up to $41.00 in a research report on Friday, 3rd March. The company was also given a 'buy rating'. Barrington Research reiterated an 'outperform rating' and set a target price of $46.00 (up from $45.00 previously) for shares of Heritage Crystal Clean in a note published on Tuesday, 14th March. Stifel Nicolaus increased their target price for shares of Heritage Crystal Clean from $40.00 up to $42.00 on Thursday, 11th May. Robert W. Baird increased their target price for shares of Heritage Crystal Clean from $50.00 up to $54.00 on Thursday, 11th May. Truist Financial began covering shares of Heritage Crystal Clean in a report on Monday, April 17. The company was given a 'buy rating' and a target price of $42.00. During mid-day trading, the stock fell $0.21 to $34.11. Stock of the company traded 56,220 versus its average of 78.846 shares. The market capitalization for the company is $830.58 millions, with a price to earnings ratio of 9.14. It also has a beta value of 1.22. Heritage-Crystal Clean's 12 month low is $24.00, and its 12 month high is $38.85. The 50-day simple moving median for the business is $34.60, and its 200-day simple moving medium is $34.03. The company's debt-to equity ratio is 0.19. Its quick ratio is 1.35, and its current ratio is 1.75.
The company released its last earnings report on March 1st. The industrial products company posted $0.79 per share in earnings for the first quarter, exceeding analysts' expectations of $0.76 per share by $0.03. Revenue was $241.10 millions, which is higher than the $224.19-million consensus estimate. Heritage-Crystal Clean's net margin was 11.59%, and its return on equity was 19.88%. Research analysts expect Heritage-Crystal Clean to post 2.58 earnings for the current fiscal year.
Insider Buying & Selling
Robert W. Willmschen, Jr., Director, sold 3,984 of the company's stock on March 8th. The shares were sold for an average price $37.03, resulting in a transaction total of $147.527.52. After the transaction, the director owns directly 50,691 of the company's shares, worth $1,877.087.73. Insiders own 8.90%.
Inflows of Institutional Capital and Outflows
Recently, several institutional investors bought and sold shares in the company. Dorsey Wright & Associates bought a new stake of Heritage-Crystal Clean shares in the fourth quarter, valued at approximately $28,000. Citigroup Inc. increased their holdings in Heritage Crystal Clean by 59.0% over the first quarter. Citigroup Inc. owns 790 of the industrial product company's shares worth $28,000, after purchasing an additional 293 during the last quarter. Advisor Group Holdings Inc. grew its holdings of Heritage-Crystal Clean during the fourth quarter by 1,693.8%. Advisor Group Holdings Inc. owns 861 of the industrial product company's shares worth $28,000, after purchasing an additional 813 during the last quarter. Allspring Global Investments Holdings LLC grew its holdings of Heritage-Crystal Clean during the third-quarter by 69.2%. Allspring Global Investments Holdings LLC owns now 1,154 shares worth $34,000 of the industrial products firm's stock after purchasing an additional 472 during the third quarter. Great West Life Assurance Co. Can also purchased a stake in Heritage Crystal Clean worth approximately $42,000 during the third quarter. Institutional investors and hedge fund own 61.59% the company's shares.
Heritage-Crystal Clean Company profile
Heritage-Crystal Clean, Inc provides waste management and parts cleaning services to the automotive and manufacturing sectors. The company operates in two segments: Environmental Services and Oil Business. The Environmental Services segment includes vacuum truck services and antifreeze recycling, as well as parts cleaning.
MarketBeat.com offers a FREE daily email newsletter