US Ecology (ECOL) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of US Ecology (NASDAQ:ECOL) from a hold rating to a buy rating in a report issued on Tuesday morning.

Several other research analysts have also issued reports on ECOL. Canaccord Genuity restated a buy rating and set a $72.00 price target (up previously from $64.00) on shares of US Ecology in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of US Ecology from a hold rating to a strong-buy rating and set a $78.00 price target for the company in a report on Thursday, October 25th. Stifel Nicolaus raised their price target on shares of US Ecology from $64.00 to $70.00 and gave the stock a buy rating in a report on Monday, August 6th. BMO Capital Markets lifted their price objective on shares of US Ecology from $65.00 to $75.00 and gave the company a market perform rating in a research note on Friday, September 7th. Finally, UBS Group lifted their price objective on shares of US Ecology from $56.00 to $61.00 and gave the company a sell rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $71.20.

US Ecology stock traded up $0.72 during mid-day trading on Tuesday, hitting $70.53. 3,830 shares of the stock were exchanged, compared to its average volume of 98,439. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23. US Ecology has a 12 month low of $44.50 and a 12 month high of $77.15. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 41.01 and a beta of 0.51.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.08. US Ecology had a net margin of 12.30% and a return on equity of 15.68%. The firm had revenue of $151.42 million during the quarter, compared to analyst estimates of $144.11 million. During the same quarter last year, the business earned $0.37 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that US Ecology will post 2.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.02%. US Ecology’s dividend payout ratio is currently 41.86%.

In other news, Director Daniel Fox sold 900 shares of US Ecology stock in a transaction on Friday, August 24th. The shares were sold at an average price of $72.15, for a total value of $64,935.00. Following the completion of the sale, the director now owns 5,140 shares in the company, valued at approximately $370,851. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven D. Welling sold 9,557 shares of US Ecology stock in a transaction on Monday, August 27th. The shares were sold at an average price of $72.42, for a total transaction of $692,117.94. Following the completion of the sale, the executive vice president now owns 31,928 shares of the company’s stock, valued at approximately $2,312,225.76. The disclosure for this sale can be found here. Insiders sold a total of 21,457 shares of company stock valued at $1,573,483 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ECOL. Acadian Asset Management LLC acquired a new stake in US Ecology in the 3rd quarter valued at $191,000. Van Hulzen Asset Management LLC acquired a new stake in US Ecology in the 2nd quarter valued at $200,000. Janney Montgomery Scott LLC acquired a new stake in US Ecology in the 3rd quarter valued at $206,000. Hartford Investment Management Co. acquired a new stake in US Ecology in the 3rd quarter valued at $207,000. Finally, United Services Automobile Association acquired a new stake in US Ecology in the 2nd quarter valued at $213,000. Institutional investors own 83.39% of the company’s stock.

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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