Barrington Research reaffirmed its coverage of Heritage-Crystal Clean (NASDAQ: HCCI) on May 25, 2023, recommending an Outperform rating, according to Fintel.
The average one-year price target for HCCI as of May 11, 2023, is $44.37, with forecasts ranging from a low of $40.40 to a high of $52.50. The average price target represents a potential increase of 32.37% from the latest reported closing price of $33.52.
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For Heritage-Crystal Clean, the projected annual revenue is expected to increase by 2.60% to reach $783 million. Likewise, the projected annual non-GAAP EPS is expected to be $3.02.
The number of institutions or funds reporting positions in Heritage-Crystal Clean has risen by 33 owners (9.40%) in the past quarter, with a current 384 funds or institutions reporting positions. The company’s average portfolio weight dedicated to HCCI is 0.19%, which represents an increase of 13.26%. The total number of shares owned by institutions decreased by 0.69% in the last three months to 18,923K shares. The put/call ratio of HCCI indicates a bullish outlook, standing at 0.04.
Alliancebernstein increased its portfolio allocation in HCCI by 87.77% over the last quarter, while ArrowMark decreased its portfolio allocation in HCCI by 20.88% over the same period.
Punch & Associates Investment Management increased its portfolio allocation in HCCI by 8.36% over the last quarter, while Royce & Associates decreased its portfolio allocation in HCCI by 25.64%. Cannell Capital decreased its portfolio allocation in HCCI by 4.38% over the same period. As of the latest filing, Alliancebernstein holds 1,098K shares representing 4.51% ownership of the company, ArrowMark Colorado Holdings holds 1,056K shares representing 4.34% ownership of the company, Punch & Associates Investment Management holds 908K shares representing 3.73% ownership of the company, Royce & Associates holds 839K shares representing 3.45% ownership of the company, and Cannell Capital has 727K shares representing 2.99% ownership of the company.
Heritage-Crystal Clean, Inc. primarily provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services to small and mid-sized customers in the vehicle maintenance sector as well as manufacturers and other industrial businesses. The company’s services help its clients manage their used chemicals and liquid and solid waste while minimizing their regulatory burden. Additionally, the company has a used oil re-refining program, through which it recycles approximately 61 million gallons of used oil into high-quality lubricating base oil. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois, and operates through 89 branches serving approximately 91,000 customer locations.
You can find the key filings for this company here.
This article was originally published on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
