US Ecology Inc. (ECOL) Sees Unusually-High Trading Volume
US Ecology Inc. (NASDAQ:ECOL) saw strong trading volume on Friday . 94,121 shares were traded during trading, an increase of 16% from the previous session’s volume of 80,797 shares.The stock last traded at $47.51 and had previously closed at $47.00.
A number of equities research analysts have weighed in on the stock. Imperial Capital lowered shares of US Ecology from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $44.00 to $48.50 in a research note on Tuesday, May 3rd. Zacks Investment Research upgraded shares of 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. Barclays PLC assumed coverage on shares of US Ecology in a research note on Wednesday, May 18th. They set an “equal weight” rating and a $48.00 target price for the company. Stifel Nicolaus boosted their target price on shares of US Ecology from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. Finally, TheStreet upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Tuesday, March 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. US Ecology presently has an average rating of “Hold” and a consensus target price of $47.90.
The stock’s 50 day moving average price is $46.85 and its 200 day moving average price is $41.14. The firm has a market capitalization of $1.04 billion and a PE ratio of 37.82.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $113.30 million for the quarter, compared to the consensus estimate of $111.86 million. US Ecology’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, analysts forecast that US Ecology Inc. will post $1.90 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 22nd will be paid a $0.18 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $0.72 annualized dividend and a yield of 1.51%.
Other hedge funds and institutional investors recently bought and sold shares of the company. Eagle Asset Management boosted its position in US Ecology by 81.4% in the third quarter. Eagle Asset Management now owns 560,634 shares of the company’s stock worth $24,470,000 after buying an additional 251,594 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in US Ecology by 56.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 289,700 shares of the company’s stock worth $13,163,000 after buying an additional 104,600 shares in the last quarter. Bank of Montreal Can boosted its position in US Ecology by 2,940.0% in the fourth quarter. Bank of Montreal Can now owns 59,310 shares of the company’s stock worth $2,162,000 after buying an additional 57,359 shares in the last quarter. Schroder Investment Management Group boosted its position in US Ecology by 21.7% in the fourth quarter. Schroder Investment Management Group now owns 112,200 shares of the company’s stock worth $4,089,000 after buying an additional 20,000 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in US Ecology by 7.0% in the fourth quarter. Rhumbline Advisers now owns 28,289 shares of the company’s stock worth $1,031,000 after buying an additional 1,855 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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