US Ecology Inc. (ECOL) Stock Price Down 6.6%
US Ecology Inc. (NASDAQ:ECOL)’s share price traded down 6.6% during mid-day trading on Friday . The stock traded as low as $44.47 and last traded at $44.82, with a volume of 148,015 shares traded. The stock had previously closed at $48.00.
Several equities analysts have recently issued reports 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 report on Tuesday, May 3rd. Stifel Nicolaus boosted their target price on US Ecology from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Barclays PLC assumed coverage on US Ecology in a research report on Wednesday, May 18th. They set an “equal weight” rating and a $48.00 target price for the company. Finally, Imperial Capital lowered US Ecology from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $44.00 to $48.50 in a research report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. US Ecology has a consensus rating of “Hold” and a consensus price target of $47.90.
The firm has a market capitalization of $985.73 million and a price-to-earnings ratio of 35.98. The stock’s 50-day moving average is $46.86 and its 200 day moving average is $41.56.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm earned $122.30 million during the quarter, compared to analysts’ expectations of $122.16 million. US Ecology’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Equities research analysts anticipate that US Ecology Inc. will post $1.90 earnings per share for the current fiscal year.
The company also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, July 20th.
Several institutional investors have 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 last quarter. 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 last quarter. 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 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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