US Ecology, Inc. (ECOL) Cut to Sell at BidaskClub
BidaskClub cut shares of US Ecology, Inc. (NASDAQ:ECOL) from a hold rating to a sell rating in a research report report published on Tuesday.
A number of other analysts have also weighed in on ECOL. Zacks Investment Research raised US Ecology from a hold rating to a buy rating and set a $53.00 price objective for the company in a research note on Tuesday, April 25th. Canaccord Genuity reissued a buy rating on shares of US Ecology in a research note on Friday, April 28th. Stifel Nicolaus raised US Ecology from a hold rating to a buy rating and increased their price objective for the company from $51.00 to $55.00 in a research note on Monday, May 1st. Finally, BMO Capital Markets initiated coverage on US Ecology in a research note on Thursday, June 29th. They set a market perform rating and a $54.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $53.60.
US Ecology (NASDAQ ECOL) opened at 47.25 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 36.94 and a beta of 0.67. US Ecology has a 12 month low of $38.00 and a 12 month high of $55.00. The stock’s 50 day moving average is $50.68 and its 200-day moving average is $49.86.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $126.06 million during the quarter, compared to analyst estimates of $128.38 million. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities analysts anticipate that US Ecology will post $1.78 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, July 19th. US Ecology’s payout ratio is 56.25%.
In other US Ecology news, Director Katina Dorton purchased 600 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $47.16 per share, with a total value of $28,296.00. Following the completion of the purchase, the director now directly owns 3,970 shares of the company’s stock, valued at approximately $187,225.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen A. Romano sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the completion of the sale, the director now directly owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ECOL. Norges Bank acquired a new stake in shares of US Ecology during the fourth quarter worth approximately $6,354,000. Teachers Advisors LLC raised its stake in shares of US Ecology by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 35,100 shares of the business services provider’s stock worth $1,725,000 after buying an additional 621 shares during the last quarter. Bank of Montreal Can raised its stake in shares of US Ecology by 0.4% in the first quarter. Bank of Montreal Can now owns 46,416 shares of the business services provider’s stock worth $2,174,000 after buying an additional 164 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of US Ecology by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the business services provider’s stock worth $417,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of US Ecology by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,410 shares of the business services provider’s stock worth $112,000 after buying an additional 50 shares during the last quarter. 84.79% of the stock is owned by institutional investors.
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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