Shares of US Ecology Inc (NASDAQ:ECOL) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $67.00.
A number of research firms have issued reports on ECOL. UBS Group set a $61.00 target price on US Ecology and gave the company a “sell” rating in a report on Wednesday. BidaskClub raised US Ecology from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research raised US Ecology from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a report on Thursday, July 26th. Stifel Nicolaus raised their target price on US Ecology from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, August 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 target price (up previously from $64.00) on shares of US Ecology in a report on Friday, August 3rd.
In other news, EVP Steven D. Welling sold 9,557 shares of US Ecology stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $72.42, for a total transaction of $692,117.94. Following the sale, the executive vice president now owns 31,928 shares of the company’s stock, valued at approximately $2,312,225.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Fox sold 900 shares of US Ecology stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $72.15, for a total value of $64,935.00. Following the sale, the director now directly owns 5,140 shares in the company, valued at approximately $370,851. The disclosure for this sale can be found here. Insiders sold a total of 53,944 shares of company stock worth $3,740,544 in the last ninety days. Insiders own 1.60% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in US Ecology by 77.0% in the 1st quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock valued at $192,000 after buying an additional 1,568 shares in the last quarter. Van Hulzen Asset Management LLC acquired a new stake in US Ecology in the 2nd quarter valued at $200,000. United Services Automobile Association acquired a new stake in US Ecology in the 2nd quarter valued at $213,000. Amalgamated Bank bought a new position in US Ecology in the 2nd quarter valued at $228,000. Finally, Crossmark Global Holdings Inc. bought a new position in US Ecology in the 2nd quarter valued at $238,000. 83.51% of the stock is currently owned by institutional investors.
Shares of ECOL stock remained flat at $$72.60 during trading on Wednesday. The company had a trading volume of 6,408 shares, compared to its average volume of 61,559. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 2.45. US Ecology has a 1-year low of $44.50 and a 1-year high of $73.85. The company has a market cap of $1.60 billion, a P/E ratio of 42.21 and a beta of 0.60.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. US Ecology had a return on equity of 14.12% and a net margin of 11.74%. The business had revenue of $136.90 million for the quarter, compared to the consensus estimate of $136.73 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. sell-side analysts predict that US Ecology will post 2.24 earnings per share for the current fiscal year.
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 in 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 and non-hazardous waste at its landfill, wastewater, and other treatment facilities.
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