US Ecology Inc. (ECOL) Receives Average Rating of “Hold” from Brokerages
Shares of US Ecology Inc. (NASDAQ:ECOL) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $45.50.
ECOL has been the topic of several recent analyst reports. Barclays PLC downgraded shares of US Ecology from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $48.00 to $40.00 in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of US Ecology from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, Stifel Nicolaus downgraded shares of US Ecology from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a report on Thursday, November 17th.
In other US Ecology news, Director Katina Dorton purchased 1,330 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average price of $44.33 per share, for a total transaction of $58,958.90. Following the acquisition, the director now owns 3,070 shares in the company, valued at $136,093.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of US Ecology by 39.8% in the second quarter. BlackRock Inc. now owns 2,209 shares of the company’s stock valued at $102,000 after buying an additional 629 shares during the period. Paradigm Asset Management Co. LLC bought a new stake in US Ecology during the second quarter valued at approximately $110,000. PineBridge Investments L.P. raised its stake in US Ecology by 3.8% in the second quarter. PineBridge Investments L.P. now owns 2,761 shares of the company’s stock valued at $127,000 after buying an additional 101 shares in the last quarter. Teacher Retirement System of Texas raised its stake in US Ecology by 14.3% in the second quarter. Teacher Retirement System of Texas now owns 3,050 shares of the company’s stock valued at $140,000 after buying an additional 381 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in US Ecology during the third quarter valued at approximately $139,000. Institutional investors own 85.36% of the company’s stock.
Shares of US Ecology (NASDAQ:ECOL) remained flat at $46.65 on Wednesday. 35,180 shares of the stock traded hands. US Ecology has a one year low of $29.89 and a one year high of $49.39. The stock has a 50 day moving average price of $43.46 and a 200-day moving average price of $44.77. The firm has a market capitalization of $1.02 billion, a P/E ratio of 29.53 and a beta of 0.88.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.09. US Ecology had a net margin of 6.87% and a return on equity of 12.57%. The company had revenue of $124.82 million for the quarter, compared to analyst estimates of $137.42 million. During the same quarter last year, the company earned $0.50 EPS. The business’s revenue was down 15.9% compared to the same quarter last year. Analysts anticipate that US Ecology will post $1.59 earnings per share for the current fiscal year.
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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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