US Ecology Inc. (ECOL) Upgraded by Zacks Investment Research to “Hold”
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. “
Separately, Barclays PLC downgraded shares of US Ecology from an equal weight rating to an underweight rating and reduced their target price for the company from $48.00 to $40.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $46.30.
Shares of US Ecology (NASDAQ:ECOL) opened at 44.35 on Wednesday. The firm has a market capitalization of $965.63 million, a price-to-earnings ratio of 28.25 and a beta of 1.09. US Ecology has a 12 month low of $29.89 and a 12 month high of $49.39. The stock’s 50 day moving average price is $44.09 and its 200-day moving average price is $44.33.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. US Ecology had a net margin of 6.52% and a return on equity of 12.67%. The business earned $122.30 million during the quarter, compared to the consensus estimate of $122.16 million. During the same period in the prior year, the firm posted $0.40 EPS. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, equities research analysts predict that US Ecology will post $1.82 EPS for the current fiscal year.
In other US Ecology news, Director Katina Dorton acquired 1,330 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average cost of $44.33 per share, with a total value of $58,958.90. Following the acquisition, the director now owns 3,070 shares in the company, valued at $136,093.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECOL. BlackRock Inc. increased its position in US Ecology by 39.8% in the second quarter. BlackRock Inc. now owns 2,209 shares of the company’s stock valued at $102,000 after buying an additional 629 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in US Ecology during the second quarter valued at about $110,000. PineBridge Investments L.P. boosted its stake in US Ecology by 3.8% in the second quarter. PineBridge Investments L.P. now owns 2,761 shares of the company’s stock valued at $127,000 after buying an additional 101 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in US Ecology by 14.3% in the second quarter. Teacher Retirement System of Texas now owns 3,050 shares of the company’s stock valued at $140,000 after buying an additional 381 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in US Ecology during the second quarter valued at about $196,000. 83.55% of the stock is owned by institutional investors.
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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