US Ecology Inc. (ECOL) Shares Down 4.5%
US Ecology Inc. (NASDAQ:ECOL)’s share price traded down 4.5% during trading on Tuesday . The company traded as low as $43.12 and last traded at $43.78, with a volume of 89,309 shares trading hands. The stock had previously closed at $45.82.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded US Ecology from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, May 3rd. Stifel Nicolaus lifted their target price on US Ecology from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. Barclays PLC assumed coverage on US Ecology in a research note on Wednesday, May 18th. They issued an “equal weight” rating and a $48.00 target price for the company. Finally, Imperial Capital downgraded US Ecology from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $44.00 to $48.50 in a research note on Tuesday, May 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.30.
The stock has a 50-day moving average of $46.30 and a 200 day moving average of $42.31. The firm has a market capitalization of $929.92 million and a price-to-earnings ratio of 27.20.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $122.30 million for the quarter, compared to analyst estimates of $122.16 million. During the same period in the prior year, the company posted $0.40 EPS. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. Analysts anticipate that US Ecology Inc. will post $1.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.69%. The ex-dividend date was Wednesday, July 20th.
A number of hedge funds and institutional investors have bought and sold shares of the company. Rhumbline Advisers raised its position in US Ecology by 7.0% in the fourth quarter. Rhumbline Advisers now owns 28,289 shares of the company’s stock valued at $1,031,000 after buying an additional 1,855 shares during the period. Parsons Capital Management Inc. RI boosted its stake in shares of US Ecology by 0.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 38,030 shares of the company’s stock valued at $1,386,000 after buying an additional 135 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of US Ecology by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 40,100 shares of the company’s stock valued at $1,461,000 after buying an additional 633 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of US Ecology by 2,940.0% in the fourth quarter. Bank of Montreal Can now owns 59,310 shares of the company’s stock valued at $2,162,000 after buying an additional 57,359 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of US Ecology by 21.7% in the fourth quarter. Schroder Investment Management Group now owns 112,200 shares of the company’s stock valued at $4,089,000 after buying an additional 20,000 shares in the last quarter.
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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