US Ecology (NASDAQ:ECOL) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.
Other equities research analysts also recently issued reports about the company. UBS Group upgraded US Ecology from a “neutral” rating to a “buy” rating and raised their target price for the company from $58.00 to $60.00 in a report on Wednesday, March 4th. Zacks Investment Research upgraded US Ecology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Stifel Nicolaus dropped their target price on US Ecology from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, February 28th. TheStreet downgraded US Ecology from a “b-” rating to a “c” rating in a report on Thursday, February 27th. Finally, ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. US Ecology presently has an average rating of “Hold” and an average target price of $66.00.
US Ecology stock opened at $31.25 on Friday. The stock’s 50-day moving average is $42.03 and its 200-day moving average is $54.70. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 20.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.84. US Ecology has a 12 month low of $24.94 and a 12 month high of $67.24.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.20). The company had revenue of $231.27 million for the quarter, compared to analysts’ expectations of $237.35 million. US Ecology had a net margin of 4.83% and a return on equity of 8.75%. Research analysts anticipate that US Ecology will post 1.76 EPS for the current year.
In other US Ecology news, Director Stephen A. Romano acquired 1,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $36.00 per share, for a total transaction of $36,000.00. Following the purchase, the director now directly owns 13,695 shares in the company, valued at $493,020. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 2,500 shares of company stock valued at $96,010. 1.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of US Ecology by 377.9% in the 3rd quarter. Millennium Management LLC now owns 60,959 shares of the business services provider’s stock worth $3,897,000 after acquiring an additional 48,203 shares in the last quarter. State Street Corp grew its position in shares of US Ecology by 0.9% in the 3rd quarter. State Street Corp now owns 639,685 shares of the business services provider’s stock worth $40,901,000 after acquiring an additional 5,939 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of US Ecology by 21.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 197,133 shares of the business services provider’s stock worth $11,416,000 after acquiring an additional 34,627 shares in the last quarter. Voya Investment Management LLC grew its position in shares of US Ecology by 128.6% in the 3rd quarter. Voya Investment Management LLC now owns 415,866 shares of the business services provider’s stock worth $26,591,000 after acquiring an additional 233,941 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of US Ecology by 13.2% in the 4th quarter. State of Alaska Department of Revenue now owns 19,219 shares of the business services provider’s stock worth $1,112,000 after acquiring an additional 2,248 shares in the last quarter. Institutional investors own 72.09% 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 through 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, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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