US Ecology Inc. (NASDAQ:ECOL) Receives Average Rating of “Hold” from Analysts
US Ecology Inc. (NASDAQ:ECOL) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $45.63.
Several research firms recently weighed in on ECOL. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Barclays PLC downgraded 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.
US Ecology (NASDAQ:ECOL) remained flat at $43.40 on Wednesday. The stock had a trading volume of 45,371 shares. US Ecology has a 52-week low of $29.89 and a 52-week high of $49.39. The firm has a market capitalization of $944.95 million, a P/E ratio of 27.64 and a beta of 1.09. The company has a 50 day moving average price of $44.09 and a 200-day moving average price of $44.33.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $122.16 million. During the same quarter last year, the business posted $0.40 EPS. US Ecology’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts predict that US Ecology will post $1.82 earnings per share for the current fiscal year.
In other US Ecology news, Director Katina Dorton acquired 1,330 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were bought at an average cost of $44.33 per share, with a total value of $58,958.90. Following the purchase, the director now directly owns 3,070 shares of the company’s stock, valued at $136,093.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ECOL. Aperio Group LLC acquired a new position in shares of US Ecology during the first quarter worth about $310,000. Mondrian Investment Partners LTD increased its position in shares of US Ecology by 11,113.6% in the first quarter. Mondrian Investment Partners LTD now owns 51,807 shares of the company’s stock worth $2,288,000 after buying an additional 51,345 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of US Ecology by 12.6% in the first quarter. TIAA CREF Investment Management LLC now owns 79,305 shares of the company’s stock worth $3,502,000 after buying an additional 8,876 shares in the last quarter. Prudential Financial Inc. increased its position in shares of US Ecology by 3.0% in the first quarter. Prudential Financial Inc. now owns 79,138 shares of the company’s stock worth $3,495,000 after buying an additional 2,300 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of US Ecology by 1.0% in the first quarter. Franklin Resources Inc. now owns 1,351,852 shares of the company’s stock worth $59,698,000 after buying an additional 12,855 shares in the last quarter. 83.55% of the stock is currently 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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