US Ecology Inc. (ECOL) Stock Price Down 4.5%
US Ecology Inc. (NASDAQ:ECOL)’s share price fell 4.5% during mid-day trading on Tuesday . The stock traded as low as $43.12 and last traded at $43.78, with a volume of 89,309 shares changing hands. The stock had previously closed at $45.82.
A number of brokerages recently weighed in on ECOL. Zacks Investment Research lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Stifel Nicolaus boosted their price objective on US Ecology from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Imperial Capital lowered US Ecology from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $44.00 to $48.50 in a research report on Tuesday, May 3rd. Finally, Barclays PLC began coverage on US Ecology in a research report on Wednesday, May 18th. They set an “equal weight” rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. US Ecology has an average rating of “Hold” and an average target price of $46.30.
The firm has a 50 day moving average price of $46.51 and a 200 day moving average price of $42.24. The stock has a market cap of $944.51 million and a price-to-earnings ratio of 27.63.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $122.16 million. The company’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. Equities research analysts forecast that US Ecology Inc. will post $1.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, July 20th. This represents a $0.72 annualized dividend and a dividend yield of 1.66%.
Several large investors recently bought and sold shares of ECOL. California State Teachers Retirement System increased its stake 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 valued at $1,461,000 after buying an additional 633 shares in the last quarter. Parsons Capital Management Inc. RI increased its stake 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 valued at $1,386,000 after buying an additional 135 shares in the last quarter. Schroder Investment Management Group increased its stake in 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. Bank of Montreal Can increased its stake 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 valued at $2,162,000 after buying an additional 57,359 shares in the last quarter. Finally, Rhumbline Advisers increased its stake 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 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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