ValuEngine lowered shares of US Ecology (NASDAQ:ECOL) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.
A number of other research analysts have also recently commented on ECOL. BidaskClub cut shares of US Ecology from a sell rating to a strong sell rating in a report on Friday, November 15th. Zacks Investment Research cut shares of US Ecology from a hold rating to a strong sell rating in a report on Wednesday, November 6th. Finally, UBS Group dropped their target price on shares of US Ecology from $63.00 to $58.00 and set a neutral rating for the company in a report on Friday, November 15th.
Shares of ECOL stock traded up $0.03 on Thursday, reaching $54.07. The company had a trading volume of 382,300 shares, compared to its average volume of 120,359. The stock has a market capitalization of $1.20 billion, a PE ratio of 23.31 and a beta of 0.53. 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 has a one year low of $53.48 and a one year high of $70.48. The business’s 50-day moving average is $61.62 and its 200 day moving average is $60.98.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $167.40 million during 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 business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, sell-side analysts forecast that US Ecology will post 2.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 18th were issued a $0.18 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.72 dividend on an annualized basis and a yield of 1.33%. US Ecology’s dividend payout ratio (DPR) is presently 31.03%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Mercantile Trust Co. raised its holdings in 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 buying an additional 175 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in US Ecology by 2.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,736 shares of the business services provider’s stock valued at $520,000 after buying an additional 200 shares during the last quarter. US Bancorp DE raised its holdings in US Ecology by 20.0% in the 2nd quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock valued at $73,000 after buying an additional 206 shares during the last quarter. Arizona State Retirement System raised its holdings in US Ecology by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 34,265 shares of the business services provider’s stock valued at $2,040,000 after buying an additional 219 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in US Ecology by 27.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock valued at $94,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.
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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