BMO Capital Markets Reiterates “Hold” Rating for US Ecology (ECOL)

US Ecology (NASDAQ:ECOL)‘s stock had its “hold” rating reissued by investment analysts at BMO Capital Markets in a report issued on Friday. They presently have a $56.00 price objective on the business services provider’s stock. BMO Capital Markets’ target price points to a potential downside of 1.50% from the company’s previous close.

A number of other brokerages also recently issued reports on ECOL. Zacks Investment Research upgraded US Ecology from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Monday, January 8th. BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Canaccord Genuity restated a “buy” rating and set a $57.00 price target (down previously from $60.00) on shares of US Ecology in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $56.00.

Shares of US Ecology (ECOL) opened at $56.85 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.00 and a quick ratio of 2.00. US Ecology has a 12-month low of $44.50 and a 12-month high of $57.35. The stock has a market capitalization of $1,410.00, a price-to-earnings ratio of 48.59 and a beta of 0.72.

US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.11. US Ecology had a return on equity of 13.03% and a net margin of 9.79%. The company had revenue of $133.70 million for the quarter, compared to the consensus estimate of $132.09 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. analysts expect that US Ecology will post 2.23 EPS for the current fiscal year.

In other US Ecology news, CEO Jeffrey R. Feeler sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $50.56, for a total transaction of $151,680.00. Following the sale, the chief executive officer now owns 54,925 shares in the company, valued at $2,777,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECOL. Atlanta Capital Management Co. L L C raised its position in US Ecology by 41.4% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 422,195 shares of the business services provider’s stock valued at $21,532,000 after purchasing an additional 123,674 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of US Ecology by 866.1% in the second quarter. Goldman Sachs Group Inc. now owns 130,602 shares of the business services provider’s stock worth $6,596,000 after buying an additional 117,083 shares during the period. Macquarie Group Ltd. increased its holdings in shares of US Ecology by 12.0% in the third quarter. Macquarie Group Ltd. now owns 730,448 shares of the business services provider’s stock worth $39,298,000 after buying an additional 78,223 shares during the period. BlackRock Inc. increased its holdings in shares of US Ecology by 2.4% in the fourth quarter. BlackRock Inc. now owns 2,699,211 shares of the business services provider’s stock worth $137,661,000 after buying an additional 62,789 shares during the period. Finally, WCM Investment Management CA increased its holdings in shares of US Ecology by 500.2% in the fourth quarter. WCM Investment Management CA now owns 47,127 shares of the business services provider’s stock worth $2,403,000 after buying an additional 39,275 shares during the period. Institutional investors and hedge funds own 87.54% 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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