US Ecology (ECOL) Upgraded to Buy by Zacks Investment Research
US Ecology (NASDAQ:ECOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm presently has a $59.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.53% from the stock’s current price.
According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States. The Company operates through its subsidiaries and provides its services to steel mills, medical and academic institutions, refineries, chemical manufacturing facilities and the nuclear power industry. Its subsidiaries include US Ecology Nevada, Inc., US Ecology Washington, Inc., US Ecology Texas, Inc., US Ecology Idaho, Inc., and US Ecology Field Services, Inc. The Company operates through two business segments: operating disposal facilities and non-operating disposal facilities. US Ecology, Inc. is headquartered in Boise, Idaho. “
Other equities analysts have also recently issued research reports about the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $57.00 price target (down previously from $60.00) on shares of US Ecology in a report on Monday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price target on shares of US Ecology in a report on Friday, October 6th. Finally, BMO Capital Markets dropped their target price on US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.80.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate 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 company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. sell-side analysts expect that US Ecology will post 1.61 earnings per share for the current year.
In other news, CEO Jeffrey R. Feeler sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total value of $151,680.00. Following the completion of the transaction, the chief executive officer now directly owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. raised its holdings in shares of US Ecology by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after buying an additional 32 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of US Ecology by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock worth $106,000 after buying an additional 40 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of US Ecology by 2.1% in the 1st quarter. State of Alaska Department of Revenue now owns 2,410 shares of the business services provider’s stock worth $112,000 after buying an additional 50 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in 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 acquiring an additional 77 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in US Ecology by 1.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,380 shares of the business services provider’s stock worth $287,000 after acquiring an additional 80 shares during the last quarter. 87.79% of the stock is owned by institutional investors and hedge funds.
US Ecology Company Profile
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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