US Ecology, Inc. (ECOL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of US Ecology, Inc. (NASDAQ:ECOL) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $51.25.
ECOL has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $60.00 price target on shares of US Ecology in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price target on shares of US Ecology in a research note on Friday, October 6th. BidaskClub cut shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BMO Capital Markets cut their price target on shares of US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.
In other news, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $46.80, for a total transaction of $933,004.80. Following the completion of the sale, the chief financial officer now owns 31,447 shares in the company, valued at approximately $1,471,719.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Katina Dorton bought 600 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $47.16 per share, with a total value of $28,296.00. Following the purchase, the director now owns 3,970 shares in the company, valued at approximately $187,225.20. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC acquired a new stake in shares of US Ecology during the 3rd quarter worth about $215,000. Crossmark Global Holdings Inc. acquired a new stake in shares of US Ecology during the 3rd quarter worth about $437,000. Piedmont Investment Advisors LLC acquired a new stake in shares of US Ecology during the 2nd quarter worth about $238,000. Susquehanna International Group LLP acquired a new stake in shares of US Ecology during the 2nd quarter worth about $229,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of US Ecology by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after buying an additional 77 shares during the last quarter. Institutional investors own 85.60% of the company’s stock.
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US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.23). The firm had revenue of $135.05 million during the quarter, compared to analyst estimates of $135.29 million. US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 20th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, October 19th. US Ecology’s dividend payout ratio is presently 60.00%.
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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