Equities research analysts at UBS initiated coverage on shares of US Ecology (NASDAQ:ECOL) in a note issued to investors on Wednesday, March 14th, www.benzinga.com reports. The brokerage set a “sell” rating and a $55.00 price target on the business services provider’s stock. UBS’s target price would indicate a potential upside of 1.76% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BMO Capital Markets increased their price target on US Ecology from $52.00 to $56.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Canaccord Genuity reissued a “buy” rating and issued a $64.00 price target on shares of US Ecology in a research note on Friday, February 16th. Finally, Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. US Ecology currently has a consensus rating of “Hold” and a consensus target price of $58.80.
Shares of US Ecology stock traded down $0.35 during trading on Wednesday, reaching $54.05. 71,444 shares of the company’s stock were exchanged, compared to its average volume of 69,118. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.23 and a current ratio of 2.23. US Ecology has a 1-year low of $44.50 and a 1-year high of $59.70. The stock has a market capitalization of $1,182.34, a P/E ratio of 31.42 and a beta of 0.66.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, February 15th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.11. US Ecology had a return on equity of 12.65% and a net margin of 9.79%. The business had revenue of $133.70 million during the quarter, compared to analysts’ expectations of $132.09 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. research analysts forecast that US Ecology will post 2.21 earnings per share for the current year.
In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $58.95, for a total value of $176,850.00. Following the transaction, the director now owns 25,395 shares in the company, valued at $1,497,035.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey R. Feeler sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $54.59, for a total value of $1,364,750.00. Following the completion of the transaction, the chief executive officer now owns 79,127 shares in the company, valued at approximately $4,319,542.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,742 shares of company stock worth $1,972,642. 1.30% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of US Ecology by 2.4% in the fourth quarter. BlackRock Inc. now owns 2,699,211 shares of the business services provider’s stock valued at $137,661,000 after purchasing an additional 62,789 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of US Ecology by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 1,017,139 shares of the business services provider’s stock valued at $55,535,000 after purchasing an additional 22,940 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of US Ecology by 0.7% in the fourth quarter. Clearbridge Investments LLC now owns 991,480 shares of the business services provider’s stock valued at $50,565,000 after purchasing an additional 6,716 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of US Ecology by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 805,549 shares of the business services provider’s stock valued at $41,083,000 after purchasing an additional 75,101 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of US Ecology by 5.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 591,521 shares of the business services provider’s stock valued at $30,168,000 after purchasing an additional 29,729 shares in the last quarter. Institutional investors own 86.32% of the company’s stock.
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About US Ecology
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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