Oppenheimer Asset Management Inc. trimmed its position in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 10.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,829 shares of the industrial products company’s stock after selling 8,934 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.34% of Heritage-Crystal Clean worth $1,693,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Heritage-Crystal Clean during the third quarter worth approximately $132,000. Nationwide Fund Advisors raised its position in shares of Heritage-Crystal Clean by 10.0% during the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 770 shares during the period. First Trust Advisors LP acquired a new position in shares of Heritage-Crystal Clean during the third quarter worth approximately $225,000. The Manufacturers Life Insurance Company raised its position in Heritage-Crystal Clean by 18.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock valued at $227,000 after buying an additional 2,214 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Heritage-Crystal Clean by 26.1% in the 2nd quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock valued at $231,000 after buying an additional 2,999 shares during the last quarter. 58.56% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price target on shares of Heritage-Crystal Clean in a research report on Thursday, October 19th. Zacks Investment Research lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the company a “buy” rating in a research report on Friday, October 20th. Robert W. Baird increased their price target on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, BidaskClub raised Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Heritage-Crystal Clean has an average rating of “Hold” and an average price target of $22.50.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $83.33 million during the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. equities analysts anticipate that Heritage-Crystal Clean, Inc. will post 0.63 earnings per share for the current fiscal year.
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Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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