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.
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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