US Ecology Inc. (ECOL) Downgraded to Hold at Stifel Nicolaus
Stifel Nicolaus lowered shares of US Ecology Inc. (NASDAQ:ECOL) from a buy rating to a hold rating in a research report sent to investors on Thursday. They currently have $48.00 price target on the stock.
A number of other research firms have also weighed in on ECOL. Zacks Investment Research lowered shares of US Ecology from a hold rating to a sell rating in a research note on Wednesday, September 14th. Barclays PLC lowered shares of US Ecology from an equal weight rating to an underweight rating and decreased their target price for the stock from $48.00 to $40.00 in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $46.38.
US Ecology (NASDAQ:ECOL) traded up 2.57% during midday trading on Thursday, hitting $43.90. The company had a trading volume of 33,889 shares. US Ecology has a 1-year low of $29.89 and a 1-year high of $49.39. The company has a 50 day moving average price of $43.10 and a 200 day moving average price of $44.67. The firm has a market capitalization of $956.10 million, a P/E ratio of 27.78 and a beta of 0.88.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.09. The company had revenue of $124.82 million for the quarter, compared to analyst estimates of $137.42 million. US Ecology had a return on equity of 12.57% and a net margin of 6.87%. US Ecology’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. Equities research analysts forecast that US Ecology will post $1.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 21st were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, October 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. US Ecology’s payout ratio is currently 45.86%.
In other news, Director Katina Dorton bought 1,330 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average price of $44.33 per share, for a total transaction of $58,958.90. Following the completion of the purchase, the director now owns 3,070 shares in the company, valued at approximately $136,093.10. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors have recently modified their holdings of ECOL. TIAA CREF Investment Management LLC increased its position in shares of US Ecology by 12.6% in the first quarter. TIAA CREF Investment Management LLC now owns 79,305 shares of the company’s stock worth $3,502,000 after buying an additional 8,876 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of US Ecology by 7.6% in the first quarter. BlackRock Group LTD now owns 29,022 shares of the company’s stock worth $1,282,000 after buying an additional 2,051 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of US Ecology by 189.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,868 shares of the company’s stock worth $834,000 after buying an additional 12,347 shares during the period. A.R.T. Advisors LLC boosted its stake in shares of US Ecology by 86.8% in the first quarter. A.R.T. Advisors LLC now owns 15,063 shares of the company’s stock worth $665,000 after buying an additional 7,000 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in shares of US Ecology by 2.9% in the first quarter. First Republic Investment Management Inc. now owns 11,270 shares of the company’s stock worth $498,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 85.31% 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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