US Ecology, Inc. (NASDAQ:ECOL)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report issued on Wednesday. They presently have a $60.00 price objective on the business services provider’s stock. Canaccord Genuity’s target price would suggest a potential upside of 16.50% from the company’s previous close.

Other research analysts have also issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price target on shares of US Ecology in a report on Sunday, July 30th. BidaskClub upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, April 25th. Finally, BMO Capital Markets initiated coverage on US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.60.

US Ecology (ECOL) traded down 2.91% during trading on Wednesday, reaching $50.00. 72,651 shares of the company’s stock traded hands. The firm has a 50 day moving average of $51.73 and a 200 day moving average of $50.18. US Ecology has a 1-year low of $38.00 and a 1-year high of $55.00. The firm has a market capitalization of $1.09 billion, a PE ratio of 39.09 and a beta of 0.67.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities analysts forecast that US Ecology will post $1.78 EPS for the current year.

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In other news, Director Stephen A. Romano sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the transaction, the director now owns 28,395 shares in the company, valued at $1,477,959.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in US Ecology during the fourth quarter worth $6,354,000. Teachers Advisors LLC raised its position in US Ecology by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 35,100 shares of the business services provider’s stock worth $1,725,000 after buying an additional 621 shares in the last quarter. Macquarie Group Ltd. raised its position in US Ecology by 27.6% in the fourth quarter. Macquarie Group Ltd. now owns 430,537 shares of the business services provider’s stock worth $21,161,000 after buying an additional 93,144 shares in the last quarter. WCM Investment Management CA raised its position in US Ecology by 9.1% in the first quarter. WCM Investment Management CA now owns 7,197 shares of the business services provider’s stock worth $337,000 after buying an additional 600 shares in the last quarter. Finally, Fenimore Asset Management Inc. raised its position in US Ecology by 0.8% in the first quarter. Fenimore Asset Management Inc. now owns 402,772 shares of the business services provider’s stock worth $18,870,000 after buying an additional 3,375 shares in the last quarter. Institutional investors own 85.51% of the company’s stock.

About US Ecology

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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