BidaskClub lowered shares of US Ecology (NASDAQ:ECOL) from a strong-buy rating to a buy rating in a research report released on Saturday morning.
A number of other equities analysts have also recently weighed in on ECOL. Zacks Investment Research upgraded US Ecology from a hold rating to a buy rating and set a $70.00 price target for the company in a report on Monday, June 25th. Canaccord Genuity restated a buy rating and issued a $72.00 price target (up previously from $64.00) on shares of US Ecology in a report on Friday, August 3rd. Stifel Nicolaus upped their price target on US Ecology from $64.00 to $70.00 and gave the stock a buy rating in a report on Monday, August 6th. UBS Group upped their price target on US Ecology from $56.00 to $61.00 and gave the stock a sell rating in a report on Wednesday, September 5th. Finally, BMO Capital Markets increased their target price on US Ecology from $65.00 to $75.00 and gave the company a market perform rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $70.80.
NASDAQ ECOL opened at $75.55 on Friday. US Ecology has a one year low of $44.50 and a one year high of $77.15. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.63 billion, a PE ratio of 35.85 and a beta of 0.60.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The company had revenue of $136.90 million during the quarter, compared to the consensus estimate of $136.73 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. equities research analysts anticipate that US Ecology will post 2.24 earnings per share for the current year.
In other US Ecology news, CEO Jeffrey R. Feeler sold 6,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $73.08, for a total value of $438,480.00. Following the sale, the chief executive officer now directly owns 59,504 shares of the company’s stock, valued at $4,348,552.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joe F. Colvin sold 9,400 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $70.02, for a total value of $658,188.00. Following the completion of the sale, the director now directly owns 7,000 shares in the company, valued at $490,140. The disclosure for this sale can be found here. Insiders sold 57,944 shares of company stock worth $4,128,574 over the last ninety days. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. increased its position in US Ecology by 15.9% in the second quarter. Victory Capital Management Inc. now owns 5,412 shares of the business services provider’s stock worth $345,000 after buying an additional 744 shares during the period. Rhumbline Advisers increased its position in US Ecology by 2.3% in the first quarter. Rhumbline Advisers now owns 53,159 shares of the business services provider’s stock worth $2,833,000 after buying an additional 1,185 shares during the period. Citigroup Inc. increased its holdings in shares of US Ecology by 77.0% during the first quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 1,568 shares during the period. Stanley Laman Group Ltd. increased its holdings in shares of US Ecology by 15.7% during the second quarter. Stanley Laman Group Ltd. now owns 15,297 shares of the business services provider’s stock valued at $974,000 after purchasing an additional 2,076 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of US Ecology by 6.3% during the first quarter. Prudential Financial Inc. now owns 38,728 shares of the business services provider’s stock valued at $2,064,000 after purchasing an additional 2,300 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.
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