US Ecology, Inc. (ECOL) Receives $53.75 Consensus PT from Analysts
US Ecology, Inc. (NASDAQ:ECOL) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $53.75.
Several analysts have issued reports on ECOL shares. Canaccord Genuity restated a “buy” rating and set a $60.00 price objective on shares of US Ecology in a report on Friday, September 8th. BidaskClub upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Stifel Nicolaus restated a “buy” rating and set a $60.00 price objective on shares of US Ecology in a report on Friday, October 6th. BMO Capital Markets started coverage on US Ecology in a report on Thursday, June 29th. They set a “market perform” rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.
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US Ecology (NASDAQ ECOL) traded down 1.13% during trading on Friday, reaching $52.40. 93,167 shares of the company’s stock traded hands. The company has a 50-day moving average of $51.39 and a 200 day moving average of $50.25. The stock has a market capitalization of $1.14 billion, a P/E ratio of 40.97 and a beta of 0.66. US Ecology has a 12 month low of $38.00 and a 12 month high of $55.75.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company had revenue of $126.06 million during the quarter, compared to the consensus estimate of $128.38 million. During the same period in the prior year, the company earned $0.41 EPS. US Ecology’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that US Ecology will post $1.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 20th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, October 19th. This represents a $0.72 annualized dividend and a yield of 1.37%. US Ecology’s payout ratio is presently 56.25%.
In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $46.80, for a total transaction of $933,004.80. Following the sale, the chief financial officer now owns 31,447 shares in the company, valued at approximately $1,471,719.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the sale, the director now owns 28,395 shares in the company, valued at approximately $1,477,959.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new stake in US Ecology during the 2nd quarter worth about $238,000. Susquehanna International Group LLP acquired a new position in shares of US Ecology in the 2nd quarter valued at about $229,000. The Manufacturers Life Insurance Company increased its holdings in shares of US Ecology by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock valued at $861,000 after purchasing an additional 77 shares during the period. State Street Corp increased its holdings in shares of US Ecology by 5.7% in the 2nd quarter. State Street Corp now owns 528,197 shares of the business services provider’s stock valued at $26,669,000 after purchasing an additional 28,715 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of US Ecology in the 2nd quarter valued at about $2,807,000. Hedge funds and other institutional investors own 85.63% 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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