UBS Group set a $63.00 target price on US Ecology (NASDAQ:ECOL) in a research note published on Friday, November 1st, TipRanks reports. The firm currently has a hold rating on the business services provider’s stock.
ECOL has been the topic of several other research reports. Zacks Investment Research upgraded shares of US Ecology from a sell rating to a hold rating in a report on Wednesday, October 23rd. ValuEngine raised shares of US Ecology from a hold rating to a buy rating in a research report on Thursday, August 1st. Finally, BidaskClub downgraded shares of US Ecology from a hold rating to a sell rating in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $67.33.
Shares of ECOL stock opened at $60.95 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology has a 12-month low of $54.24 and a 12-month high of $72.85. The firm has a 50 day moving average price of $63.36 and a two-hundred day moving average price of $61.18. The company has a market capitalization of $1.35 billion, a PE ratio of 26.27 and a beta of 0.53.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, research analysts expect that US Ecology will post 2.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 18th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, October 17th. US Ecology’s payout ratio is 31.03%.
Several institutional investors have recently added to or reduced their stakes in ECOL. Fenimore Asset Management Inc. lifted its stake in shares of US Ecology by 0.7% during the 2nd quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock valued at $12,686,000 after buying an additional 1,520 shares in the last quarter. Swiss National Bank lifted its stake in US Ecology by 2.0% in the 2nd quarter. Swiss National Bank now owns 41,000 shares of the business services provider’s stock worth $2,441,000 after purchasing an additional 800 shares in the last quarter. Moody Aldrich Partners LLC lifted its stake in US Ecology by 32.5% in the 2nd quarter. Moody Aldrich Partners LLC now owns 97,769 shares of the business services provider’s stock worth $5,821,000 after purchasing an additional 23,971 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in US Ecology by 8.8% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock worth $77,759,000 after purchasing an additional 106,107 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in US Ecology by 13.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,887 shares of the business services provider’s stock worth $648,000 after purchasing an additional 1,288 shares in the last quarter. 85.91% of the stock is owned by hedge funds and other institutional investors.
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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