US Ecology (NASDAQ:ECOL) had its price target lowered by BMO Capital Markets from $76.00 to $74.00 in a research note published on Tuesday morning. The firm currently has a market perform rating on the business services provider’s stock.
A number of other equities analysts have also recently issued reports on ECOL. BidaskClub cut shares of US Ecology from a strong-buy rating to a buy rating in a research note on Wednesday, July 11th. Zacks Investment Research upgraded shares of US Ecology from a hold rating to a strong-buy rating and set a $76.00 price objective for the company in a research note on Thursday, July 26th. Canaccord Genuity restated a buy rating and issued a $72.00 price objective (up previously from $64.00) on shares of US Ecology in a research note on Friday, August 3rd. Stifel Nicolaus upped their target price on shares of US Ecology from $64.00 to $70.00 and gave the stock a buy rating in a report on Monday, August 6th. Finally, UBS Group upped their target price on shares of US Ecology from $56.00 to $61.00 and gave the stock a sell rating in a report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. US Ecology has an average rating of Hold and an average price target of $71.20.
Shares of ECOL stock traded down $0.15 during mid-day trading on Tuesday, reaching $70.45. The company’s stock had a trading volume of 108,627 shares, compared to its average volume of 95,372. US Ecology has a 1-year low of $44.50 and a 1-year high of $77.15. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 40.96 and a beta of 0.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.45 and a current ratio of 2.23.
The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, October 18th. US Ecology’s payout ratio is 41.86%.
In other news, COO Simon G. Bell sold 3,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $75.95, for a total value of $227,850.00. Following the sale, the chief operating officer now owns 31,197 shares of the company’s stock, valued at approximately $2,369,412.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Fox sold 900 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $72.15, for a total transaction of $64,935.00. Following the completion of the sale, the director now directly owns 5,140 shares in the company, valued at approximately $370,851. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,457 shares of company stock worth $1,573,483. 1.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG grew its holdings in US Ecology by 76.2% during the 1st quarter. UBS Group AG now owns 10,133 shares of the business services provider’s stock worth $540,000 after acquiring an additional 4,381 shares during the last quarter. Millennium Management LLC grew its holdings in US Ecology by 1,440.5% during the 1st quarter. Millennium Management LLC now owns 177,083 shares of the business services provider’s stock worth $9,439,000 after acquiring an additional 165,588 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in US Ecology during the 1st quarter worth about $242,000. Principal Financial Group Inc. grew its holdings in US Ecology by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 167,667 shares of the business services provider’s stock worth $8,937,000 after acquiring an additional 4,171 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in US Ecology during the 2nd quarter worth about $228,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
US Ecology Company Profile
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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