US Ecology (ECOL) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of US Ecology (NASDAQ:ECOL) from a buy rating to a hold rating in a report published on Friday morning.

A number of other equities research analysts have also recently weighed in on ECOL. 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. BMO Capital Markets upped their price target on US Ecology from $65.00 to $75.00 and gave the stock a market perform rating in a report on Friday, September 7th. Finally, Zacks Investment Research cut US Ecology from a buy rating to a hold rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $70.60.

ECOL opened at $63.87 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of 37.13 and a beta of 0.48. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23. US Ecology has a 1-year low of $44.90 and a 1-year high of $77.15.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $151.42 million for the quarter, compared to analysts’ expectations of $144.11 million. US Ecology had a return on equity of 15.68% and a net margin of 12.30%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. As a group, equities research analysts forecast that US Ecology will post 2.34 earnings per share for the current fiscal year.

In other US Ecology news, Director Stephen A. Romano sold 12,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $70.62, for a total transaction of $847,440.00. Following the sale, the director now owns 12,695 shares in the company, valued at approximately $896,520.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen A. Romano sold 2,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $75.05, for a total value of $150,100.00. Following the sale, the director now owns 24,695 shares in the company, valued at approximately $1,853,359.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,000 shares of company stock worth $1,225,390. Insiders own 1.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Clearbridge Investments LLC grew its holdings in US Ecology by 1.4% during the 3rd quarter. Clearbridge Investments LLC now owns 1,015,647 shares of the business services provider’s stock valued at $74,904,000 after buying an additional 14,136 shares during the last quarter. Vanguard Group Inc. grew its holdings in US Ecology by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,312,412 shares of the business services provider’s stock valued at $96,791,000 after buying an additional 18,070 shares during the last quarter. Morgan Stanley grew its holdings in US Ecology by 9.0% during the 3rd quarter. Morgan Stanley now owns 78,020 shares of the business services provider’s stock valued at $5,754,000 after buying an additional 6,464 shares during the last quarter. Legal & General Group Plc grew its holdings in US Ecology by 7.5% during the 3rd quarter. Legal & General Group Plc now owns 52,210 shares of the business services provider’s stock valued at $3,850,000 after buying an additional 3,632 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in US Ecology by 5.2% during the 3rd quarter. Teachers Advisors LLC now owns 42,466 shares of the business services provider’s stock valued at $3,132,000 after buying an additional 2,087 shares during the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

US Ecology Company Profile

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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