US Ecology (NASDAQ:ECOL) had its price target cut by BMO Capital Markets from $76.00 to $74.00 in a research report sent to investors on Tuesday morning. They currently have a market perform rating on the business services provider’s stock.
Several other analysts also recently commented on ECOL. BidaskClub downgraded shares of US Ecology from a buy rating to a hold rating in a research report on Wednesday, July 18th. Canaccord Genuity reissued a buy rating and issued a $72.00 target price (up from $64.00) on shares of US Ecology in a research report on Friday, August 3rd. Zacks Investment Research raised shares of US Ecology from a hold rating to a strong-buy rating and set a $78.00 target price for the company in a research report on Thursday, October 25th. Finally, Stifel Nicolaus boosted their target price on shares of US Ecology from $64.00 to $70.00 and gave the stock a buy rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $71.20.
ECOL stock traded down $0.15 during trading hours on Tuesday, hitting $70.45. The company’s stock had a trading volume of 108,627 shares, compared to its average volume of 95,372. The company has a quick ratio of 2.45, a current ratio of 2.23 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 40.96 and a beta of 0.51. US Ecology has a 12 month low of $44.50 and a 12 month high of $77.15.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The company had revenue of $151.42 million during the quarter, compared to the consensus estimate of $144.11 million. US Ecology had a net margin of 12.30% and a return on equity of 15.68%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, research analysts expect that US Ecology will post 2.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, October 18th. US Ecology’s payout ratio is 41.86%.
In other news, EVP Steven D. Welling sold 9,557 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $72.42, for a total value of $692,117.94. Following the completion of the sale, the executive vice president now directly owns 31,928 shares in the company, valued at $2,312,225.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel Fox sold 900 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $72.15, for a total transaction of $64,935.00. Following the completion of the sale, the director now owns 5,140 shares of the company’s stock, valued at $370,851. The disclosure for this sale can be found here. Insiders sold 21,457 shares of company stock valued at $1,573,483 over the last 90 days. 1.30% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of US Ecology in the third quarter worth $191,000. Janney Montgomery Scott LLC acquired a new position in US Ecology during the 3rd quarter valued at $206,000. Hartford Investment Management Co. acquired a new position in US Ecology during the 3rd quarter valued at $207,000. Park National Corp OH acquired a new position in US Ecology during the 3rd quarter valued at $221,000. Finally, Van Hulzen Asset Management LLC acquired a new position in US Ecology during the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 83.51% of the company’s stock.
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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