BMO Capital Markets Reiterates “Hold” Rating for US Ecology (ECOL)

US Ecology (NASDAQ:ECOL)‘s stock had its “hold” rating restated by equities researchers at BMO Capital Markets in a report issued on Wednesday. They presently have a $52.00 price target on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential downside of 1.79% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $57.00 price target (down previously from $60.00) on shares of US Ecology in a research report on Monday, October 30th. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target on shares of US Ecology in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.80.

Shares of US Ecology (NASDAQ ECOL) traded up $0.95 on Wednesday, hitting $52.95. The company had a trading volume of 62,863 shares, compared to its average volume of 86,606. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.00 and a quick ratio of 2.00. US Ecology has a 1-year low of $44.50 and a 1-year high of $55.75. The firm has a market cap of $1,160.00, a price-to-earnings ratio of 44.13 and a beta of 0.71.

US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.23). US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The business had revenue of $135.05 million during the quarter, compared to analyst estimates of $135.29 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. US Ecology’s revenue for the quarter was up 8.2% compared to the same quarter last year. research analysts anticipate that US Ecology will post 1.61 EPS for the current fiscal year.

In other US Ecology news, CEO Jeffrey R. Feeler sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total transaction of $151,680.00. Following the completion of the transaction, the chief executive officer now owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan boosted its holdings in shares of US Ecology by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,190 shares of the business services provider’s stock valued at $441,000 after buying an additional 3,040 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of US Ecology by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 39,364 shares of the business services provider’s stock valued at $1,988,000 after buying an additional 2,743 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of US Ecology by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,181,278 shares of the business services provider’s stock valued at $59,654,000 after buying an additional 37,488 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of US Ecology by 68.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,154 shares of the business services provider’s stock valued at $600,000 after buying an additional 4,527 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of US Ecology by 866.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 130,602 shares of the business services provider’s stock valued at $6,596,000 after buying an additional 117,083 shares during the last quarter. 87.59% of the stock is owned by hedge funds and other institutional investors.

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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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