US Ecology’s (ECOL) Buy Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of US Ecology, Inc. (NASDAQ:ECOL) in a report published on Monday morning. They currently have a $57.00 target price on the business services provider’s stock, down from their previous target price of $60.00.

ECOL has been the subject of a number of other research reports. Stifel Nicolaus reaffirmed a buy rating and set a $60.00 price target on shares of US Ecology in a research report on Friday, October 6th. Zacks Investment Research cut US Ecology from a hold rating to a sell rating in a research report on Monday, October 2nd. Finally, BidaskClub cut US Ecology from a buy rating to a hold rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $51.25.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.23). The business had revenue of $135.05 million during the quarter, compared to analyst estimates of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS.

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The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 20th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, October 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. US Ecology’s dividend payout ratio is currently 60.00%.

In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of US Ecology stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $46.80, for a total transaction of $933,004.80. Following the completion of the sale, the chief financial officer now owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Katina Dorton purchased 600 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of $47.16 per share, with a total value of $28,296.00. Following the transaction, the director now owns 3,970 shares in the company, valued at approximately $187,225.20. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chatham Capital Group Inc. raised its stake in shares of US Ecology by 9.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 29,425 shares of the business services provider’s stock valued at $1,486,000 after buying an additional 2,558 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of US Ecology by 19.1% during the 1st quarter. OppenheimerFunds Inc. now owns 7,704 shares of the business services provider’s stock valued at $361,000 after buying an additional 1,234 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of US Ecology by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 37,848 shares of the business services provider’s stock valued at $1,773,000 after buying an additional 230 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of US Ecology by 7.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock valued at $52,605,000 after buying an additional 71,411 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of US Ecology by 3.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 30,540 shares of the business services provider’s stock valued at $1,539,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.

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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