US Ecology, Inc. (NASDAQ:ECOL) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 1st.
ECOL has been the topic of a number of other reports. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, April 25th. Stifel Nicolaus upgraded shares of US Ecology from a “hold” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $55.00 in a research report on Monday, May 1st. BMO Capital Markets initiated coverage on shares of US Ecology in a research report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price objective on the stock. Finally, Canaccord Genuity restated a “buy” rating on shares of US Ecology in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $53.60.
US Ecology (ECOL) opened at 46.20 on Tuesday. The company has a market cap of $1.01 billion, a PE ratio of 36.12 and a beta of 0.67. The firm’s 50 day moving average is $51.28 and its 200 day moving average is $50.05. US Ecology has a 52-week low of $38.00 and a 52-week high of $55.00.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Analysts forecast that US Ecology will post $1.78 EPS for the current fiscal year.
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In other news, Director Stephen A. Romano sold 3,000 shares of US Ecology stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total transaction of $156,150.00. Following the completion of the transaction, the director now owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ECOL. Flinton Capital Management LLC increased its position in shares of US Ecology by 54.3% in the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock valued at $100,000 after buying an additional 700 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of US Ecology by 2.0% in the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock valued at $106,000 after buying an additional 40 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of US Ecology during the second quarter valued at $116,000. State of Alaska Department of Revenue increased its position in shares of US Ecology by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,410 shares of the business services provider’s stock valued at $112,000 after buying an additional 50 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of US Ecology by 210.9% in the first quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,725 shares during the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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