US Ecology’s (ECOL) “Buy” Rating Reaffirmed at Canaccord Genuity
US Ecology, Inc. (NASDAQ:ECOL)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a report issued on Monday.
A number of other research analysts have also commented on ECOL. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a research report on Friday, October 6th. BidaskClub lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. US Ecology has a consensus rating of “Hold” and an average target price of $53.75.
Shares of US Ecology (NASDAQ ECOL) opened at 47.65 on Monday. The firm’s 50-day moving average price is $52.57 and its 200 day moving average price is $50.80. The company has a market cap of $1.04 billion, a P/E ratio of 37.26 and a beta of 0.66. US Ecology has a 52 week low of $38.00 and a 52 week high of $55.75.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.23). The business had revenue of $135.05 million for the quarter, compared to the consensus estimate of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities analysts predict that US Ecology will post $1.78 EPS for the current fiscal year.
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In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the transaction, the director now directly owns 28,395 shares in the company, valued at approximately $1,477,959.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric L. Gerratt sold 19,936 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of 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. 1.30% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of ECOL. BlackRock Inc. lifted its stake in shares of US Ecology by 133,529.0% in the 1st quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock valued at $121,579,000 after purchasing an additional 2,593,133 shares during the period. River Road Asset Management LLC acquired a new stake in US Ecology during the 4th quarter worth $17,186,000. Eagle Asset Management raised its stake in US Ecology by 81.4% during the 3rd quarter. Eagle Asset Management now owns 560,634 shares of the business services provider’s stock worth $24,470,000 after buying an additional 251,594 shares during the period. Fenimore Asset Management raised its stake in US Ecology by 89.0% during the 4th quarter. Fenimore Asset Management now owns 533,904 shares of the business services provider’s stock worth $19,455,000 after buying an additional 251,425 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in US Ecology by 39.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,314 shares of the business services provider’s stock worth $38,711,000 after buying an additional 245,809 shares during the period. 85.60% of the stock is currently owned by institutional investors.
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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