Shares of US Ecology, Inc. (NASDAQ:ECOL) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $53.75.
Several research firms recently commented on ECOL. Canaccord Genuity reissued a “buy” rating and set a $60.00 price objective on shares of US Ecology in a research note on Wednesday. BidaskClub lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective on shares of US Ecology in a research note on Sunday, July 30th. 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 price objective on the stock. Finally, Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, April 25th.
US Ecology (NASDAQ ECOL) traded down 2.82% on Tuesday, hitting $50.05. The stock had a trading volume of 96,465 shares. The company has a market capitalization of $1.09 billion, a PE ratio of 39.13 and a beta of 0.67. The company has a 50 day moving average of $51.73 and a 200 day moving average of $50.18. US Ecology has a 12-month low of $38.00 and a 12-month high of $55.00.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The business had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. US Ecology’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that US Ecology will post $1.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. US Ecology’s payout ratio is 56.25%.
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In other news, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $52.05, for a total transaction of $156,150.00. Following the completion of the transaction, the director now directly owns 28,395 shares of the company’s stock, valued at $1,477,959.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of US Ecology by 133,529.0% in the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock worth $121,579,000 after buying an additional 2,593,133 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of US Ecology by 5.6% in the first quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock worth $53,586,000 after buying an additional 60,791 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of US Ecology by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 1,036,338 shares of the business services provider’s stock worth $48,552,000 after buying an additional 30,854 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of US Ecology by 6.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 970,281 shares of the business services provider’s stock worth $45,457,000 after buying an additional 56,064 shares in the last quarter. Finally, Bares Capital Management Inc. boosted its stake in shares of US Ecology by 0.4% in the first quarter. Bares Capital Management Inc. now owns 838,838 shares of the business services provider’s stock worth $39,300,000 after buying an additional 3,351 shares in the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.
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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