US Ecology (ECOL) Rating Increased to Hold at BidaskClub

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US Ecology (NASDAQ:ECOL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

ECOL has been the topic of several other research reports. UBS Group raised their price objective on shares of US Ecology from $56.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, September 5th. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective on the stock in a research note on Thursday, July 26th. BMO Capital Markets raised their price objective on shares of US Ecology from $65.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, September 7th. Stifel Nicolaus raised their price objective on shares of US Ecology from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Canaccord Genuity restated a “buy” rating and issued a $72.00 price objective (up previously from $64.00) on shares of US Ecology in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $70.80.

NASDAQ:ECOL opened at $68.30 on Thursday. US Ecology has a 12 month low of $44.50 and a 12 month high of $77.15. The company has a market capitalization of $1.52 billion, a PE ratio of 40.56 and a beta of 0.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.45 and a current ratio of 2.45.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The company had revenue of $136.90 million for the quarter, compared to analyst estimates of $136.73 million. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts predict that US Ecology will post 2.24 earnings per share for the current fiscal year.

In other US Ecology news, Director Joe F. Colvin sold 9,400 shares of US Ecology stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $70.02, for a total transaction of $658,188.00. Following the sale, the director now owns 7,000 shares in the company, valued at $490,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven D. Welling sold 9,557 shares of US Ecology stock in a transaction on Monday, August 27th. The stock was sold at an average price of $72.42, for a total transaction of $692,117.94. Following the sale, the executive vice president now owns 31,928 shares in the company, valued at approximately $2,312,225.76. The disclosure for this sale can be found here. Insiders have sold 57,944 shares of company stock worth $4,128,574 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Park National Corp OH acquired a new stake in US Ecology during the third quarter worth $221,000. Van Hulzen Asset Management LLC acquired a new stake in US Ecology during the second quarter worth $200,000. United Services Automobile Association acquired a new stake in shares of US Ecology in the 2nd quarter valued at $213,000. Amalgamated Bank acquired a new stake in shares of US Ecology in the 2nd quarter valued at $228,000. Finally, Citigroup Inc. boosted its stake in shares of US Ecology by 77.0% in the 1st quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 1,568 shares in the last quarter. Hedge funds and other institutional investors own 83.52% 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 in 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 and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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