Shares of US Ecology Inc (NASDAQ:ECOL) hit a new 52-week high during trading on Thursday . The stock traded as high as $63.83 and last traded at $63.55, with a volume of 668 shares. The stock had previously closed at $63.35.
Several brokerages recently commented on ECOL. BidaskClub raised US Ecology from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Monday, June 25th. ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, UBS Group began coverage on US Ecology in a report on Wednesday, March 14th. They issued a “sell” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.00.
The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.38 billion, a PE ratio of 37.03 and a beta of 0.70.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, May 3rd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). US Ecology had a net margin of 10.40% and a return on equity of 13.08%. The company had revenue of $120.06 million for the quarter, compared to the consensus estimate of $114.75 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. equities analysts anticipate that US Ecology Inc will post 2.21 earnings per share for the current fiscal year.
In other US Ecology news, EVP Steven D. Welling sold 8,240 shares of the business’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $57.09, for a total transaction of $470,421.60. Following the completion of the sale, the executive vice president now owns 28,971 shares of the company’s stock, valued at $1,653,954.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Fox sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $59.00, for a total value of $88,500.00. The disclosure for this sale can be found here. Insiders have sold 28,804 shares of company stock valued at $1,713,631 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in 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 during the period. Xact Kapitalforvaltning AB bought a new stake in US Ecology during the first quarter valued at about $242,000. Millennium Management LLC grew its holdings in 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 during the period. Barclays PLC grew its holdings in 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 during the period. Finally, Cornercap Investment Counsel Inc. bought a new stake in US Ecology during the first quarter valued at about $692,000. 83.62% of the stock is 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 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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