Heritage-Crystal Clean, Inc (NASDAQ:HCCI) recently gained a new stakeholder as investment firm KB Financial Partners LLC purchased approximately $544,000 worth of shares in the company. This acquisition represents around 0.06% ownership of Heritage-Crystal Clean as disclosed in the first-quarter report filed with the Securities and Exchange Commission.
As a provider of parts cleaning, waste management, and used oil collection services to small and mid-sized customers in North America, Heritage-Crystal Clean operates through two segments: Environmental Services and Oil Business. The company’s subsidiary, Heritage-Crystal Clean, LLC, is dedicated to serving clients within the industrial and vehicle maintenance sectors.
On August 9th, Heritage-Crystal Clean released its quarterly earnings data for the preceding period. During this time, the industrial products company reported earnings per share (EPS) of $0.36. This figure fell short of analysts’ consensus estimates by $0.19.
Furthermore, the company showcased a return on equity of 15.63% and a net margin of 9.51%. While analysts expected revenue to reach $195.22 million during this period, revenue actually amounted to $192.17 million.
Looking towards the future, analysts project that Heritage-Crystal Clean will post 2.46 earnings per share for the current fiscal year.
This outlook demonstrates both challenges and opportunities for the company as it navigates market dynamics within its sector.
The investment made by KB Financial Partners LLC serves as an important reflection of confidence in Heritage-Crystal Clean’s potential for growth and long-term sustainability.
With its niche focus on providing essential services to industrial businesses and vehicle maintenance companies, Heritage-Crystal Clean has positioned itself as a significant player within its target market.
Considering current industry trends regarding environmental sustainability and waste management regulations which lead to increased demand for such services,
Heritage-Crystal Clean will likely continue to attract attention from investors and customers alike.
As the company progresses, stakeholders will closely monitor its financial performance and strategic initiatives.
This level of scrutiny will help determine Heritage-Crystal Clean’s ability to capitalize on emerging opportunities and deliver consistent results for shareholders.
Heritage-Crystal Clean, Inc
HCCI
Buy
Updated on: 03/12/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Show Confidence in Heritage-Crystal Clean, Fueling Growth Expectations
Institutional investors and hedge funds have been making moves in the company Heritage-Crystal Clean. ArrowMark Colorado Holdings LLC, for instance, increased its position in shares of the industrial products company by 6.9% during the fourth quarter. Cannell Capital LLC also raised its holdings in Heritage-Crystal Clean, while BlackRock Inc. and Dimensional Fund Advisors LP grew their positions as well. Vanguard Group Inc. notably raised its holdings by 4.7% during the third quarter.
These moves by institutional investors reflect a significant degree of confidence in Heritage-Crystal Clean’s prospects. The fact that these established players are increasing their stakes in the company can be seen as a positive sign for other potential investors, as it suggests that these seasoned investors believe there is further growth to be had.
On September 13, 2023, NASDAQ HCCI opened at $45.21. The stock has experienced relatively steady performance with a 50-day simple moving average of $44.55 and a two-hundred day simple moving average of $38.48. With a market capitalization of $1.10 billion and a PE ratio of 14.13, Heritage-Crystal Clean is considered a mid-size company in the industry.
The debt-to-equity ratio stands at 0.19, indicating that the company has managed its debt levels effectively and has some financial stability in place. Furthermore, Heritage-Crystal Clean has demonstrated strong liquidity with current and quick ratios of 1.86 and 1.42 respectively.
Over the past couple of months, several equities research analysts have weighed in on Heritage-Crystal Clean’s performance and prospects for future growth. Barrington Research lowered their rating from “outperform” to “market perform” and adjusted their price target downward from $46 to $45.50.
Similarly, Robert W.Baird downgraded shares from “outperform” to “neutral”, while Needham & Company LLC reaffirmed a “hold” rating. Roth Mkm remains optimistic, maintaining a “buy” rating and setting a price target of $45.50.
Overall, the consensus rating for Heritage-Crystal Clean is currently labeled as a “Moderate Buy”, indicating that analysts see potential in the company’s growth trajectory. With an average price target of $44.29, it suggests that analysts believe there is room for upward movement in the stock price.
This report provides insight into the activity of institutional investors and hedge funds in Heritage-Crystal Clean, as well as an overview of the company’s stock performance and analyst ratings. As always, investors should conduct their own research and consult with financial professionals before making investment decisions.
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