US Ecology (NASDAQ:ECOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, January 8th. The firm currently has a $59.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.35% from the stock’s previous close.
According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States. The Company operates through its subsidiaries and provides its services to steel mills, medical and academic institutions, refineries, chemical manufacturing facilities and the nuclear power industry. Its subsidiaries include US Ecology Nevada, Inc., US Ecology Washington, Inc., US Ecology Texas, Inc., US Ecology Idaho, Inc., and US Ecology Field Services, Inc. The Company operates through two business segments: operating disposal facilities and non-operating disposal facilities. US Ecology, Inc. is headquartered in Boise, Idaho. “
A number of other equities research analysts also recently weighed in on ECOL. Stifel Nicolaus reissued a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Friday, October 6th. Canaccord Genuity restated a “buy” rating and set a $57.00 price target (down previously from $60.00) on shares of US Ecology in a research note on Monday, October 30th. Finally, BMO Capital Markets cut their price target on shares of US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.80.
US Ecology (NASDAQ:ECOL) last released its earnings results on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.23). US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm had revenue of $135.05 million for the quarter, compared to analyst estimates of $135.29 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. research analysts predict that US Ecology will post 1.61 EPS for the current fiscal year.
In other US Ecology news, CEO Jeffrey R. Feeler sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $50.56, for a total transaction of $151,680.00. Following the completion of the transaction, the chief executive officer now owns 54,925 shares in the company, valued at $2,777,008. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Flinton Capital Management LLC lifted its stake in US Ecology by 54.3% during the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after purchasing an additional 700 shares during the period. Vestor Capital LLC bought a new position in shares of US Ecology in the second quarter valued at approximately $116,000. Pinebridge Investments L.P. raised its stake in shares of US Ecology by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 32 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of US Ecology by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 488 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC bought a new position in shares of US Ecology in the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.
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US Ecology Company Profile
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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