US Ecology (NASDAQ:ECOL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, November 21st, ValuEngine reports.
ECOL has been the topic of a number of other research reports. BidaskClub lowered shares of US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. Finally, UBS Group cut their price target on shares of US Ecology from $63.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th.
Shares of NASDAQ:ECOL traded down $0.09 during trading on Thursday, hitting $54.99. 36,088 shares of the company’s stock were exchanged, compared to its average volume of 120,330. US Ecology has a 1-year low of $53.48 and a 1-year high of $70.48. The firm has a 50-day moving average price of $60.42 and a two-hundred day moving average price of $60.89. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.95. The firm has a market cap of $1.22 billion, a P/E ratio of 23.70 and a beta of 0.53.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The company had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. During the same quarter in the previous year, the company earned $0.61 EPS. US Ecology’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts predict that US Ecology will post 2.2 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in US Ecology by 377.9% during the third quarter. Millennium Management LLC now owns 60,959 shares of the business services provider’s stock worth $3,897,000 after buying an additional 48,203 shares during the last quarter. California State Teachers Retirement System increased its holdings in US Ecology by 1.2% during the third quarter. California State Teachers Retirement System now owns 34,380 shares of the business services provider’s stock worth $2,198,000 after buying an additional 411 shares during the last quarter. State Street Corp increased its holdings in shares of US Ecology by 0.9% in the third quarter. State Street Corp now owns 639,685 shares of the business services provider’s stock valued at $40,901,000 after purchasing an additional 5,939 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of US Ecology by 128.6% in the third quarter. Voya Investment Management LLC now owns 415,866 shares of the business services provider’s stock valued at $26,591,000 after purchasing an additional 233,941 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of US Ecology by 8.2% in the third quarter. GW&K Investment Management LLC now owns 483,020 shares of the business services provider’s stock valued at $30,884,000 after purchasing an additional 36,751 shares during the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
US Ecology Company Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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