US Ecology, Inc. (ECOL) Given “Buy” Rating at Canaccord Genuity
Canaccord Genuity reissued their buy rating on shares of US Ecology, Inc. (NASDAQ:ECOL) in a research report report published on Monday morning. The brokerage currently has a $57.00 price objective on the business services provider’s stock, down from their previous price objective of $60.00.
Several other brokerages also recently issued reports on ECOL. Zacks Investment Research downgraded US Ecology from a hold rating to a sell rating in a research report on Monday, October 2nd. BidaskClub downgraded US Ecology from a buy rating to a hold rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a buy rating and issued a $60.00 price target on shares of US Ecology in a report on Friday, October 6th. Three investment 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’s stock. US Ecology presently has an average rating of Hold and a consensus price target of $51.25.
Shares of US Ecology (NASDAQ ECOL) traded down 1.55% during trading on Monday, hitting $47.70. The company’s stock had a trading volume of 50,566 shares. US Ecology has a one year low of $38.00 and a one year high of $55.75. The stock has a market cap of $1.04 billion, a PE ratio of 37.29 and a beta of 0.66. The company has a 50-day moving average price of $52.54 and a 200-day moving average price of $50.89.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.23). US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The company had revenue of $135.05 million for the quarter, compared to analyst estimates of $135.29 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. US Ecology’s revenue was up 8.2% on a year-over-year basis. Equities analysts predict that US Ecology will post $1.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 20th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. US Ecology’s dividend payout ratio is presently 60.00%.
In other news, CFO Eric L. Gerratt sold 19,936 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $46.80, for a total transaction of $933,004.80. Following the completion of the sale, the chief financial officer now directly owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Katina Dorton acquired 600 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $47.16 per share, with a total value of $28,296.00. Following the completion of the purchase, the director now directly owns 3,970 shares in the company, valued at $187,225.20. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of US Ecology by 133,529.0% during the 1st quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock valued at $121,579,000 after buying an additional 2,593,133 shares during the period. Vanguard Group Inc. grew its stake in shares of US Ecology by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,181,278 shares of the business services provider’s stock valued at $59,654,000 after buying an additional 37,488 shares during the period. Aberdeen Asset Management PLC UK grew its stake in shares of US Ecology by 7.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock valued at $52,605,000 after buying an additional 71,411 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of US Ecology by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 832,442 shares of the business services provider’s stock valued at $38,999,000 after buying an additional 3,891 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of US Ecology by 31.3% during the 2nd quarter. Macquarie Group Ltd. now owns 652,225 shares of the business services provider’s stock valued at $32,937,000 after buying an additional 155,498 shares during the period. 85.60% of the stock is owned by institutional investors.
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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