Zacks Investment Research upgraded shares of US Ecology (NASDAQ:ECOL) from a hold rating to a buy rating in a research note released on Monday morning. They currently have $59.00 target price on the business services provider’s stock.
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 the company. BMO Capital Markets decreased their target price on US Ecology from $54.00 to $47.00 and set a market perform rating on the stock in a research report on Monday, October 30th. Canaccord Genuity reaffirmed a buy rating and issued a $57.00 target price (down previously from $60.00) on shares of US Ecology in a research report on Monday, October 30th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $60.00 target price on shares of US Ecology in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $52.80.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.23). US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The firm had revenue of $135.05 million during the quarter, compared to analyst estimates of $135.29 million. During the same period in the previous year, the company posted $0.47 EPS. US Ecology’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities analysts anticipate that US Ecology will post 1.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 18th. US Ecology’s payout ratio is 60.00%.
In related news, CEO Jeffrey R. Feeler sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total value of $151,680.00. Following the completion of the sale, the chief executive officer now directly owns 54,925 shares in the company, valued at $2,777,008. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of ECOL. Schwab Charles Investment Management Inc. boosted its stake in shares of US Ecology by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 90,544 shares of the business services provider’s stock valued at $4,573,000 after buying an additional 750 shares during the period. Legal & General Group Plc boosted its stake in shares of US Ecology by 9.2% in the second quarter. Legal & General Group Plc now owns 42,419 shares of the business services provider’s stock valued at $2,141,000 after buying an additional 3,558 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of US Ecology by 57.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,627 shares of the business services provider’s stock valued at $335,000 after buying an additional 2,415 shares during the period. Victory Capital Management Inc. boosted its stake in shares of US Ecology by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock valued at $165,000 after buying an additional 488 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of US Ecology by 7.5% in the second quarter. Teachers Advisors LLC now owns 39,364 shares of the business services provider’s stock valued at $1,988,000 after buying an additional 2,743 shares during the period. Institutional investors and hedge funds own 87.79% of the company’s stock.
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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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