US Ecology Inc. (ECOL) Sees Unusually-High Trading Volume
US Ecology Inc. (NASDAQ:ECOL) shares saw an uptick in trading volume on Friday . 94,121 shares changed hands 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.
Several brokerages have recently commented on ECOL. Zacks Investment Research cut shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Barclays PLC began coverage on shares of US Ecology in a research report on Wednesday, May 18th. They set an “equal weight” rating and a $48.00 price target for the company. Imperial Capital cut shares of US Ecology from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $44.00 to $48.50 in a research report on Tuesday, May 3rd. Stifel Nicolaus lifted their price target on shares of US Ecology from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Finally, TheStreet upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Tuesday, March 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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 stock has a market capitalization of $1.04 billion and a PE ratio of 37.82.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The firm had revenue of $113.30 million for the quarter, compared to the consensus estimate of $111.86 million. During the same period in the prior year, the company earned $0.35 EPS. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, equities analysts forecast that US Ecology Inc. will post $1.90 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be issued a $0.18 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.51%.
Other hedge funds and institutional investors recently bought and sold shares of the company. 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 during the period. Parsons Capital Management Inc. RI boosted its position in US Ecology by 0.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 38,030 shares of the company’s stock worth $1,386,000 after buying an additional 135 shares during the period. California State Teachers Retirement System boosted its position in US Ecology by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 40,100 shares of the company’s stock worth $1,461,000 after buying an additional 633 shares during the period. 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 during the period. Finally, 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 during the period.
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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