US Ecology, Inc. (ECOL) Stock Rating Lowered by Zacks Investment Research
US Ecology, Inc. (NASDAQ:ECOL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States. The Company operates through its subsidiaries and provides its services to steel mills, medical and academic institutions, refineries, chemical manufacturing facilities and the nuclear power industry. Its subsidiaries include US Ecology Nevada, Inc., US Ecology Washington, Inc., US Ecology Texas, Inc., US Ecology Idaho, Inc., and US Ecology Field Services, Inc. The Company operates through two business segments: operating disposal facilities and non-operating disposal facilities. US Ecology, Inc. is headquartered in Boise, Idaho. “
Several other equities analysts also recently commented on ECOL. BidaskClub raised US Ecology from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. BMO Capital Markets began coverage on shares of US Ecology in a research note on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $60.00 target price on shares of US Ecology in a research note on Sunday, July 30th. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price target on shares of US Ecology in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.60.
Shares of US Ecology (NASDAQ:ECOL) opened at 55.65 on Monday. The firm has a 50-day moving average price of $50.26 and a 200 day moving average price of $49.99. The stock has a market cap of $1.21 billion, a PE ratio of 43.51 and a beta of 0.66. US Ecology has a 12-month low of $38.00 and a 12-month high of $55.70.
US Ecology (NASDAQ:ECOL) last released its earnings results on Thursday, July 27th. The business services provider reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The firm had revenue of $126.06 million for the quarter, compared to analysts’ expectations of $128.38 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that US Ecology will post $1.77 earnings per share for the current year.
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In other news, CFO Eric L. Gerratt sold 19,936 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the transaction, the chief financial officer now directly owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Katina Dorton purchased 600 shares of US Ecology stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of $47.16 per share, with a total value of $28,296.00. Following the completion of the transaction, the director now owns 3,970 shares in the company, valued at approximately $187,225.20. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Flinton Capital Management LLC raised its holdings in US Ecology by 54.3% in the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after purchasing an additional 700 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of US Ecology by 2.0% during the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock valued at $106,000 after buying an additional 40 shares during the last quarter. Vestor Capital LLC purchased a new stake in shares of US Ecology during the second quarter valued at about $116,000. LS Investment Advisors LLC boosted its holdings in shares of US Ecology by 210.9% in the 1st quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,725 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of US Ecology by 36.4% in the 1st quarter. Victory Capital Management Inc. now owns 2,779 shares of the business services provider’s stock valued at $130,000 after buying an additional 742 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.
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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