US Ecology (NASDAQ:ECOL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, November 5th, BidAskClub reports.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of US Ecology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. ValuEngine upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, UBS Group set a $63.00 price objective on shares of US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.33.
Shares of NASDAQ:ECOL traded down $1.42 on Tuesday, reaching $57.03. 234,500 shares of the company’s stock were exchanged, compared to its average volume of 116,692. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.58 and a beta of 0.53. US Ecology has a fifty-two week low of $54.24 and a fifty-two week high of $72.85. The business’s 50-day moving average is $63.04 and its two-hundred day moving average is $61.18. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.95.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $161.25 million. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. Analysts predict that US Ecology will post 2.2 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. GW&K Investment Management LLC grew its position in shares of US Ecology by 8.2% in the 3rd 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 period. SG Americas Securities LLC grew its position in shares of US Ecology by 510.3% in the 3rd quarter. SG Americas Securities LLC now owns 14,756 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 12,338 shares during the period. First Trust Advisors LP grew its position in shares of US Ecology by 44.8% in the 3rd quarter. First Trust Advisors LP now owns 62,567 shares of the business services provider’s stock valued at $4,001,000 after purchasing an additional 19,347 shares during the period. First Mercantile Trust Co. grew its position in shares of US Ecology by 11.6% in the 3rd quarter. First Mercantile Trust Co. now owns 1,685 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 175 shares during the period. Finally, Congress Asset Management Co. MA grew its position in shares of US Ecology by 2.7% in the 3rd quarter. Congress Asset Management Co. MA now owns 55,862 shares of the business services provider’s stock valued at $3,572,000 after purchasing an additional 1,475 shares during the period. 87.44% of the stock is owned by institutional investors.
About US Ecology
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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