US Ecology, Inc. (NASDAQ:ECOL) had its target price cut by investment analysts at BMO Capital Markets from $54.00 to $47.00 in a research report issued on Monday. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 2.99% from the company’s current price.

ECOL has been the topic of several other reports. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price target on shares of US Ecology in a research note on Wednesday, July 19th. BidaskClub lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Canaccord Genuity reiterated a “buy” rating and issued a $60.00 price target on shares of US Ecology in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.25.

Shares of US Ecology (NASDAQ:ECOL) traded up 1.68% during trading on Monday, hitting $48.45. The stock had a trading volume of 94,475 shares. The stock’s 50-day moving average is $52.54 and its 200-day moving average is $50.89. US Ecology has a 12-month low of $38.00 and a 12-month high of $55.75. The stock has a market capitalization of $1.06 billion, a P/E ratio of 37.88 and a beta of 0.66.

US Ecology (NASDAQ:ECOL) last released its earnings results on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.23). US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm had revenue of $135.05 million for the quarter, compared to analysts’ expectations of $135.29 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts predict that US Ecology will post $1.76 EPS for the current fiscal year.

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In other news, Director Stephen A. Romano sold 3,000 shares of the firm’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 transaction, the director now directly owns 28,395 shares in the company, valued at $1,477,959.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $46.80, for a total transaction of $933,004.80. Following the transaction, the chief financial officer now owns 31,447 shares in the company, valued at $1,471,719.60. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its position in shares of US Ecology by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after acquiring an additional 32 shares during the last quarter. First Mercantile Trust Co. grew its position in shares of US Ecology by 2.0% during the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock worth $106,000 after acquiring an additional 40 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of US Ecology by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after acquiring an additional 77 shares during the last quarter. Texas Permanent School Fund grew its position in shares of US Ecology by 0.9% during the second quarter. Texas Permanent School Fund now owns 15,933 shares of the business services provider’s stock worth $805,000 after acquiring an additional 149 shares during the last quarter. Finally, WCM Investment Management CA grew its position in shares of US Ecology by 2.8% during the second quarter. WCM Investment Management CA now owns 7,402 shares of the business services provider’s stock worth $374,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.

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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