US Ecology (ECOL) Reaches New 1-Year High Following Analyst Upgrade

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Shares of US Ecology Inc (NASDAQ:ECOL) reached a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $56.00 to $61.00. UBS Group currently has a sell rating on the stock. US Ecology traded as high as $73.90 and last traded at $73.85, with a volume of 43476 shares changing hands. The stock had previously closed at $72.60.

ECOL has been the subject of a number of other research reports. BidaskClub raised shares of US Ecology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 30th. Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Monday, June 25th. Finally, Stifel Nicolaus raised their price target on shares of US Ecology from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $67.00.

In other news, CFO Eric L. Gerratt sold 27,087 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $70.03, for a total transaction of $1,896,902.61. Following the completion of the sale, the chief financial officer now owns 44,587 shares of the company’s stock, valued at $3,122,427.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven D. Welling sold 9,557 shares of US Ecology stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 31,928 shares of the company’s stock, valued at approximately $2,312,225.76. The disclosure for this sale can be found here. Insiders have sold 53,944 shares of company stock valued at $3,740,544 in the last three months. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates acquired a new position in US Ecology in the second quarter worth $330,000. BlueMountain Capital Management LLC boosted its holdings in US Ecology by 39.9% in the second quarter. BlueMountain Capital Management LLC now owns 10,331 shares of the business services provider’s stock worth $658,000 after purchasing an additional 2,944 shares during the period. United Services Automobile Association acquired a new position in US Ecology in the second quarter worth $213,000. Credit Agricole S A acquired a new position in US Ecology in the second quarter worth $1,274,000. Finally, FMR LLC boosted its holdings in US Ecology by 1.1% in the second quarter. FMR LLC now owns 748,392 shares of the business services provider’s stock worth $47,673,000 after purchasing an additional 8,300 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

The firm has a market capitalization of $1.62 billion, a P/E ratio of 35.68 and a beta of 0.60. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.81.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The firm had revenue of $136.90 million during the quarter, compared to the consensus estimate of $136.73 million. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. research analysts predict that US Ecology Inc will post 2.24 earnings per share for the current fiscal year.

US Ecology Company Profile (NASDAQ:ECOL)

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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