US Ecology EVP Unloads $447,863 in Stock (ECOL)
US Ecology (NASDAQ:ECOL) EVP Simon G. Bell sold 8,977 shares of the company’s stock on the open market in a transaction dated Thursday, May 29th. The shares were sold at an average price of $49.89, for a total transaction of $447,862.53. Following the completion of the transaction, the executive vice president now directly owns 18,973 shares of the company’s stock, valued at approximately $946,563. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of US Ecology (NASDAQ:ECOL) traded down 0.90% on Friday, hitting $49.40. The stock had a trading volume of 71,029 shares. US Ecology has a 1-year low of $26.68 and a 1-year high of $50.78. The stock has a 50-day moving average of $46.24 and a 200-day moving average of $39.02. The company has a market cap of $1.064 billion and a price-to-earnings ratio of 26.92.
US Ecology (NASDAQ:ECOL) last released its earnings data on Monday, May 5th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.14. The company had revenue of $53.35 million for the quarter, compared to the consensus estimate of $46.93 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts predict that US Ecology will post $1.70 earnings per share for the current fiscal year.
ECOL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of US Ecology from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $53.80 price target on the stock. Separately, analysts at KeyCorp raised their price target on shares of US Ecology from $42.00 to $55.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of US Ecology in a research note on Wednesday, May 7th. They now have a $50.00 price target on the stock, up previously from $40.00. Six investment analysts have rated the stock with a buy rating, US Ecology presently has an average rating of “Buy” and a consensus target price of $48.30.
US Ecology, Inc (NASDAQ:ECOL) through its subsidiaries, provides radioactive, hazardous, polychlorinated biphenyls (PCB) and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers/aggregators.
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