US Ecology (ECOL) Upgraded at BidaskClub

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BidaskClub upgraded shares of US Ecology (NASDAQ:ECOL) from a buy rating to a strong-buy rating in a research report released on Saturday.

ECOL has been the subject of a number of other research reports. Zacks Investment Research lowered US Ecology from a strong-buy rating to a hold rating in a research report on Tuesday, April 10th. ValuEngine raised US Ecology from a hold rating to a buy rating in a research report on Thursday, April 12th. Finally, UBS Group assumed coverage on US Ecology in a research report on Wednesday, March 14th. They set a sell rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $61.00.

US Ecology opened at $65.30 on Friday, Marketbeat reports. US Ecology has a twelve month low of $44.50 and a twelve month high of $65.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.59 and a quick ratio of 2.59. The company has a market cap of $1.40 billion, a P/E ratio of 37.73 and a beta of 0.69.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, May 3rd. The business services provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). US Ecology had a net margin of 10.40% and a return on equity of 13.08%. The company had revenue of $120.06 million for the quarter, compared to the consensus estimate of $114.75 million. During the same period last year, the business earned $0.24 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts forecast that US Ecology will post 2.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, July 20th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, July 19th. US Ecology’s payout ratio is 41.86%.

In other US Ecology news, CEO Jeffrey R. Feeler sold 5,064 shares of US Ecology stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $59.05, for a total value of $299,029.20. Following the completion of the sale, the chief executive officer now owns 59,227 shares of the company’s stock, valued at approximately $3,497,354.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Simon G. Bell sold 7,000 shares of US Ecology stock in a transaction on Monday, June 11th. The stock was sold at an average price of $61.20, for a total value of $428,400.00. Following the completion of the sale, the chief operating officer now directly owns 41,197 shares of the company’s stock, valued at approximately $2,521,256.40. The disclosure for this sale can be found here. In the last three months, insiders sold 28,804 shares of company stock valued at $1,713,631. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of US Ecology by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 167,667 shares of the business services provider’s stock worth $8,937,000 after purchasing an additional 4,171 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of US Ecology in the 1st quarter worth $242,000. Millennium Management LLC increased its holdings in shares of US Ecology by 1,440.5% in the 1st quarter. Millennium Management LLC now owns 177,083 shares of the business services provider’s stock worth $9,439,000 after purchasing an additional 165,588 shares in the last quarter. Barclays PLC increased its holdings in shares of US Ecology by 131.1% in the 1st quarter. Barclays PLC now owns 8,140 shares of the business services provider’s stock worth $434,000 after purchasing an additional 4,617 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of US Ecology in the 1st quarter worth $692,000. 83.62% of the stock is owned by institutional investors and hedge funds.

US Ecology Company Profile

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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