The stock of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) hit a new 52-week high and has $17.17 target or 5.00% above today’s $16.35 share price. The 9 months bullish chart indicates low risk for the $379.50M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $17.17 price target is reached, the company will be worth $18.98M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 29,017 shares traded hands. Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) has risen 48.65% since April 22, 2016 and is uptrending. It has outperformed by 43.24% the S&P500.
Analysts await Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to report earnings on March, 6. They expect $0.22 EPS, up 214.29% or $0.15 from last year’s $0.07 per share. HCCI’s profit will be $5.11 million for 18.58 P/E if the $0.22 EPS becomes a reality. After $0.22 actual EPS reported by Heritage-Crystal Clean, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Ratings Coverage
Out of 2 analysts covering Heritage-Crystal Clean (NASDAQ:HCCI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Heritage-Crystal Clean has been the topic of 2 analyst reports since October 16, 2015 according to StockzIntelligence Inc. Needham maintained the shares of HCCI in a report on Friday, October 16 with “Buy” rating. Robert W. Baird upgraded Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) rating on Thursday, October 22. Robert W. Baird has “Outperform” rating and $18 price target.
According to Zacks Investment Research, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States.”
Insitutional Activity: The institutional sentiment increased to 2.21 in Q2 2016. Its up 0.71, from 1.5 in 2016Q1. The ratio increased, as 5 funds sold all Heritage-Crystal Clean, Inc. shares owned while 17 reduced positions. 7 funds bought stakes while 26 increased positions. They now own 8.10 million shares or 23.23% less from 10.56 million shares in 2016Q1.
Cadence Cap Mgmt Ltd Liability Corp reported 75,613 shares or 0.07% of all its holdings. Envestnet Asset Management owns 22,076 shares or 0% of their US portfolio. Tower Capital Lc (Trc) reported 1,355 shares or 0% of all its holdings. Geode Capital Management Limited Liability Corporation has 0% invested in the company for 99,787 shares. Blackrock last reported 0% of its portfolio in the stock. Comml Bank Of America Corp De last reported 0% of its portfolio in the stock. Bridgeway Mngmt holds 54,100 shares or 0.01% of its portfolio. Numeric Investors accumulated 0% or 38,525 shares. Gsa Capital Prtnrs Llp has invested 0.05% of its portfolio in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI). Blackrock Management holds 0% or 50,674 shares in its portfolio. Commercial Bank Of Mellon Corporation has invested 0% of its portfolio in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI). The California-based Wells Fargo & Mn has invested 0% in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI). North Star Investment Mgmt Corp last reported 100,550 shares in the company. The Massachusetts-based State Street Corp has invested 0% in Heritage-Crystal Clean, Inc. (NASDAQ:HCCI). Spark Invest Mgmt Llc has 0.02% invested in the company for 18,500 shares.
Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 5 selling transactions for $845,481 net activity. 20,568 Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) shares with value of $281,839 were sold by Chalhoub Joseph. Shares for $198,078 were sold by Hillstrom Tom. Shares for $141,423 were sold by Lucks John.
More recent Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) news were published by: Globenewswire.com which released: “Heritage-Crystal Clean, Inc. Announces 2016 Second Quarter Financial Results” on July 27, 2016. Also Globenewswire.com published the news titled: “Heritage-Crystal Clean, Inc. Announces 2016 Third Quarter Financial Results” on October 19, 2016. Globenewswire.com‘s news article titled: “Heritage-Crystal Clean, Inc. Acquires FCC Environmental for $90 Million” with publication date: October 16, 2014 was also an interesting one.
HCCI Company Profile
Heritage-Crystal Clean, Inc. (HCCI), incorporated on June 13, 2007, provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Firm owns and operates a used oil re-refinery. The Firm operates through two divisions: Environmental Services and Oil Business. The Firm provides hazardous and non-hazardous waste services to small and mid-sized clients in both the manufacturing and vehicle maintenance sectors.
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