Shares of US Ecology, Inc. (NASDAQ:ECOL) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $53.75.
A number of equities research analysts recently weighed in on ECOL shares. BidaskClub lowered shares of US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Sunday, July 30th. Canaccord Genuity restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Friday, September 8th. Finally, BMO Capital Markets started coverage on shares of US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price on the stock.
In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the sale, the chief financial officer now owns 31,447 shares in the company, valued at approximately $1,471,719.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Katina Dorton acquired 600 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $47.16 per share, with a total value of $28,296.00. Following the purchase, the director now owns 3,970 shares in the company, valued at approximately $187,225.20. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new stake in US Ecology in the 2nd quarter valued at about $238,000. Susquehanna International Group LLP purchased a new stake in US Ecology in the 2nd quarter valued at about $229,000. The Manufacturers Life Insurance Company increased its stake in US Ecology by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock valued at $861,000 after buying an additional 77 shares during the last quarter. State Street Corp increased its stake in US Ecology by 5.7% in the 2nd quarter. State Street Corp now owns 528,197 shares of the business services provider’s stock valued at $26,669,000 after buying an additional 28,715 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in US Ecology in the 2nd quarter valued at about $2,807,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.
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US Ecology (NASDAQ:ECOL) traded up 1.70% during mid-day trading on Wednesday, hitting $50.80. The company had a trading volume of 117,039 shares. The company’s 50 day moving average price is $49.52 and its 200-day moving average price is $49.66. US Ecology has a 12-month low of $38.00 and a 12-month high of $55.00. The firm has a market capitalization of $1.11 billion, a PE ratio of 39.72 and a beta of 0.69.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that US Ecology will post $1.77 EPS for the current fiscal year.
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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