As of March 31, 2013, billionaire Guru Chuck Royce of Royce & Associates increased his Heritage-Crystal Clean Inc. (NASDAQ:HCCI) position by 36.79%. He now holds 1,180,230 shares at an average price of $15.10. The current share price is $14.07, with a change from average down 7%. GuruFocus research shows that stock is down 33% over the last 12 months, and off 12% since January. Today’s current HCCI price is $14.17.
The GuruFocus value screen 52-week low screener reveals that HCCI is at a 52-week low of $14.07 (the high was $22.64), off 37.9%.
Over 17 quarters of trading HCCI, Royce shows a 10% gain on shares bought at an average price of $12.83.
His holding history:
Guru Tom Gayner, president and chief investment officer at Markel Corp. (MKL), is the only other Guru holding HCCI:
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) has a market cap of $257.9 million. The P/E ratio is 104.8 and the P/B ratio is 1.6. With a friendly green tiger as its mascot, Heritage-Crystal Clean Inc. is an environmental services company that collects, transports and disposes of hazardous and non-hazardous materials, such as oil and solvents. With a company presence concentrated mainly in the eastern half of the U.S., Heritage-Crystal Clean serves nationwide, cleaning industrial parts cleaning and removing industrial waste at over 58,000 active customer locations. The company's largest competitor, Safety-Kleen, has held substantial market share in the highly competitive parts cleaning industry for the last 40 years, and has developed significant market share in used oil services and containerized waste management. Both companies highlight a “green” approach to the environment in their marketing materials.
Heritage-Crystal Clean Inc.’s fiscal year 2012 revenue increased 65.2% to $252.5 million, compared to $152.9 million in fiscal 2011. The basic and diluted earnings per share were listed as $0.13 for fiscal 2012, compared to basic and diluted EPS of $0.10 in fiscal 2011. During fiscal 2012, the company’s Environmental Services segment revenues increased $19.6 million, or 16.4%, compared to fiscal 2011. For fiscal 2012, the Environmental Services segment same-branch sales increased 11.9%, measured for the 66 branches that were in operation throughout both fiscal 2012 and fiscal 2011. Excluding the three branches in this group that gave up customers to new branch openings, the remaining 63 branches experienced an increase of $15.9 million, or 14.9% from fiscal 2011 to fiscal 2012.
With a small-cap strategy at Royce & Associate funds, Chuck Royce manages 1,362 stocks in total, valued at $30.8 billion. His portfolio has a quarter-over-quarter turnover rate of 3%. As of April 8, 2013, he had 56 new stocks.
His top buys, sells and holdings:
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