US Ecology (ECOL) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of US Ecology (NASDAQ:ECOL) from a hold rating to a buy rating in a research report report published on Thursday.

ECOL has been the topic of a number of other reports. Zacks Investment Research cut US Ecology from a strong-buy rating to a hold rating in a research note on Tuesday, April 10th. ValuEngine upgraded US Ecology from a hold rating to a buy rating in a research note on Thursday, April 12th. Finally, UBS Group began coverage on US Ecology in a research note on Wednesday, March 14th. They issued a sell rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. US Ecology presently has a consensus rating of Hold and an average target price of $58.80.

ECOL stock opened at $62.70 on Thursday. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 34.08 and a beta of 0.70. US Ecology has a 1 year low of $44.50 and a 1 year high of $63.10.

US Ecology (NASDAQ:ECOL) last posted its earnings results on Thursday, May 3rd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $120.06 million during the quarter, compared to the consensus estimate of $114.75 million. US Ecology had a net margin of 10.40% and a return on equity of 13.08%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. analysts predict that US Ecology will post 2.21 EPS for the current year.

In related news, Director Daniel Fox sold 1,500 shares of US Ecology stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $59.00, for a total transaction of $88,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Welling sold 8,240 shares of US Ecology stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $57.09, for a total transaction of $470,421.60. Following the sale, the executive vice president now owns 28,971 shares in the company, valued at $1,653,954.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,804 shares of company stock worth $1,713,631. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in shares of US Ecology by 2.6% during the first quarter. Principal Financial Group Inc. now owns 167,667 shares of the business services provider’s stock valued at $8,937,000 after purchasing an additional 4,171 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of US Ecology during the first quarter valued at about $242,000. Millennium Management LLC raised its stake in shares of US Ecology by 1,440.5% during the first quarter. Millennium Management LLC now owns 177,083 shares of the business services provider’s stock valued at $9,439,000 after purchasing an additional 165,588 shares in the last quarter. Barclays PLC raised its stake in shares of US Ecology by 131.1% during the first quarter. Barclays PLC now owns 8,140 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 4,617 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in US Ecology in the first quarter worth about $692,000. Institutional investors and hedge funds own 83.62% 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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