Zacks Investment Research upgraded shares of US Ecology (NASDAQ:ECOL) from a sell rating to a hold rating in a report released on Monday.
According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States. The Company operates through its subsidiaries and provides its services to steel mills, medical and academic institutions, refineries, chemical manufacturing facilities and the nuclear power industry. Its subsidiaries include US Ecology Nevada, Inc., US Ecology Washington, Inc., US Ecology Texas, Inc., US Ecology Idaho, Inc., and US Ecology Field Services, Inc. The Company operates through two business segments: operating disposal facilities and non-operating disposal facilities. US Ecology, Inc. is headquartered in Boise, Idaho. “
ECOL has been the topic of several other research reports. BMO Capital Markets decreased their price objective on US Ecology from $54.00 to $47.00 and set a market perform rating on the stock in a report on Monday, October 30th. Stifel Nicolaus reissued a buy rating and set a $60.00 price objective on shares of US Ecology in a report on Friday, October 6th. Finally, Canaccord Genuity reissued a buy rating and set a $60.00 price objective on shares of US Ecology in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. US Ecology has a consensus rating of Hold and a consensus target price of $51.25.
Shares of US Ecology (NASDAQ ECOL) traded down $0.15 during trading hours on Monday, hitting $50.85. The stock had a trading volume of 40,100 shares, compared to its average volume of 41,400. US Ecology has a one year low of $44.50 and a one year high of $55.75. The firm has a market cap of $1,114.31, a price-to-earnings ratio of 42.38 and a beta of 0.71. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.00 and a quick ratio of 2.00.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.23). US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm had revenue of $135.05 million for the quarter, compared to analyst estimates of $135.29 million. During the same period in the previous year, the business posted $0.47 EPS. US Ecology’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts anticipate that US Ecology will post 1.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 19th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. US Ecology’s dividend payout ratio (DPR) is presently 60.00%.
In related news, CEO Jeffrey R. Feeler sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total transaction of $151,680.00. Following the completion of the transaction, the chief executive officer now owns 54,925 shares in the company, valued at approximately $2,777,008. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of ECOL. Macquarie Group Ltd. lifted its position in shares of US Ecology by 31.3% during the 2nd quarter. Macquarie Group Ltd. now owns 652,225 shares of the business services provider’s stock worth $32,937,000 after buying an additional 155,498 shares during the period. Goldman Sachs Group Inc. raised its position in US Ecology by 866.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 130,602 shares of the business services provider’s stock valued at $6,596,000 after purchasing an additional 117,083 shares during the last quarter. Nicholas Company Inc. raised its position in US Ecology by 351.7% in the 2nd quarter. Nicholas Company Inc. now owns 102,740 shares of the business services provider’s stock valued at $5,188,000 after purchasing an additional 79,995 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in US Ecology by 7.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock valued at $52,605,000 after purchasing an additional 71,411 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new position in US Ecology in the 2nd quarter valued at $2,807,000. Institutional investors and hedge funds own 87.79% of the company’s stock.
US Ecology Company Profile
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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