Equities research analysts at UBS Group assumed coverage on shares of US Ecology (NASDAQ:ECOL) in a report issued on Wednesday, The Fly reports. The brokerage set a “sell” rating on the business services provider’s stock.
Several other analysts have also weighed in on ECOL. BMO Capital Markets raised their price objective on US Ecology from $52.00 to $56.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $64.00 price objective on shares of US Ecology in a research note on Friday, February 16th. Finally, BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $59.75.
US Ecology (NASDAQ ECOL) traded up $0.50 on Wednesday, hitting $56.00. The stock had a trading volume of 67,640 shares, compared to its average volume of 101,920. The firm has a market cap of $1,223.93, a price-to-earnings ratio of 24.89 and a beta of 0.69. US Ecology has a 12 month low of $44.50 and a 12 month high of $59.70. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.85.
In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $58.95, for a total value of $176,850.00. Following the completion of the transaction, the director now directly owns 25,395 shares in the company, valued at $1,497,035.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey R. Feeler sold 25,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $54.59, for a total value of $1,364,750.00. Following the completion of the transaction, the chief executive officer now owns 79,127 shares of the company’s stock, valued at $4,319,542.93. The disclosure for this sale can be found here. Insiders sold 35,742 shares of company stock valued at $1,972,642 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Elkfork Partners LLC bought a new position in shares of US Ecology during the fourth quarter worth about $119,000. Jefferies Group LLC bought a new position in shares of US Ecology during the fourth quarter worth about $240,000. FDx Advisors Inc. bought a new position in shares of US Ecology during the fourth quarter worth about $244,000. US Bancorp DE raised its position in shares of US Ecology by 25.9% during the fourth quarter. US Bancorp DE now owns 5,028 shares of the business services provider’s stock worth $256,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of US Ecology during the fourth quarter worth about $382,000. Institutional investors own 86.32% 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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