Bank of New York Mellon Corp increased its position in shares of Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,766 shares of the industrial products company’s stock after buying an additional 7,596 shares during the period. Bank of New York Mellon Corp owned approximately 0.56% of Heritage-Crystal Clean worth $1,709,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. raised its stake in Heritage-Crystal Clean by 55.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 197,798 shares of the industrial products company’s stock worth $2,710,000 after buying an additional 70,342 shares during the period. Dimensional Fund Advisors LP raised its stake in Heritage-Crystal Clean by 16.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,168 shares of the industrial products company’s stock worth $5,121,000 after buying an additional 45,048 shares during the period. Renaissance Technologies LLC raised its stake in Heritage-Crystal Clean by 42.0% in the fourth quarter. Renaissance Technologies LLC now owns 124,800 shares of the industrial products company’s stock worth $1,959,000 after buying an additional 36,900 shares during the period. Russell Investments Group Ltd. raised its stake in Heritage-Crystal Clean by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 271,278 shares of the industrial products company’s stock worth $3,717,000 after buying an additional 26,248 shares during the period. Finally, First Trust Advisors LP raised its stake in Heritage-Crystal Clean by 12.9% in the first quarter. First Trust Advisors LP now owns 166,004 shares of the industrial products company’s stock worth $2,274,000 after buying an additional 18,972 shares during the period. 53.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Heritage-Crystal Clean, Inc. (HCCI) opened at 16.20 on Friday. The stock has a market cap of $364.94 million, a price-to-earnings ratio of 29.56 and a beta of 2.07. The stock’s 50 day moving average price is $15.56 and its 200-day moving average price is $15.00. Heritage-Crystal Clean, Inc. has a 1-year low of $11.85 and a 1-year high of $16.75.
A number of analysts have recently weighed in on HCCI shares. TheStreet raised Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective on shares of Heritage-Crystal Clean in a research note on Wednesday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Heritage-Crystal Clean currently has a consensus rating of “Buy” and a consensus target price of $17.88.
In other news, Director Carmine Falcone sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $15.35, for a total transaction of $69,075.00. Following the transaction, the director now owns 3,420 shares of the company’s stock, valued at approximately $52,497. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Gregory Ray sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $16.15, for a total value of $32,300.00. Following the transaction, the chief operating officer now directly owns 168,965 shares in the company, valued at approximately $2,728,784.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,935 shares of company stock worth $841,591. Corporate insiders own 14.80% of the company’s stock.
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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