US Ecology (NASDAQ:ECOL) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, January 15th, ValuEngine reports.
Several other equities research analysts also recently commented on ECOL. Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. UBS Group set a $63.00 price objective on US Ecology and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, BidaskClub downgraded US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th.
Shares of ECOL opened at $55.48 on Wednesday. US Ecology has a 12 month low of $53.43 and a 12 month high of $67.24. The company has a market cap of $1.23 billion, a P/E ratio of 24.33 and a beta of 0.55. The stock has a fifty day moving average price of $56.23 and a 200 day moving average price of $59.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. 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 prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that US Ecology will post 2.16 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Zazove Associates LLC acquired a new position in shares of US Ecology during the 4th quarter valued at about $11,283,000. CENTRAL TRUST Co acquired a new stake in US Ecology in the 4th quarter valued at approximately $87,000. Louisiana State Employees Retirement System grew its holdings in US Ecology by 6.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the business services provider’s stock valued at $504,000 after buying an additional 500 shares during the last quarter. Fenimore Asset Management Inc. grew its holdings in US Ecology by 5.8% in the 4th quarter. Fenimore Asset Management Inc. now owns 278,134 shares of the business services provider’s stock valued at $16,107,000 after buying an additional 15,255 shares during the last quarter. Finally, 6 Meridian grew its holdings in US Ecology by 5.1% in the 4th quarter. 6 Meridian now owns 9,171 shares of the business services provider’s stock valued at $531,000 after buying an additional 446 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.
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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