According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States. The Company operates through its subsidiaries and provides its services to steel mills, medical and academic institutions, refineries, chemical manufacturing facilities and the nuclear power industry. Its subsidiaries include US Ecology Nevada, Inc., US Ecology Washington, Inc., US Ecology Texas, Inc., US Ecology Idaho, Inc., and US Ecology Field Services, Inc. The Company operates through two business segments: operating disposal facilities and non-operating disposal facilities. US Ecology, Inc. is headquartered in Boise, Idaho. “
Separately, Barclays PLC cut US Ecology from an equal weight rating to an underweight rating and cut their price objective for the company from $48.00 to $40.00 in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. US Ecology has an average rating of Hold and a consensus price target of $46.30.
Shares of US Ecology (NASDAQ:ECOL) opened at 43.83 on Wednesday. US Ecology has a 52-week low of $29.89 and a 52-week high of $49.39. The stock’s 50 day moving average price is $44.10 and its 200 day moving average price is $44.37. The company has a market capitalization of $954.31 million, a P/E ratio of 27.92 and a beta of 1.09.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The business earned $122.30 million during the quarter, compared to analysts’ expectations of $122.16 million. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts forecast that US Ecology will post $1.81 earnings per share for the current fiscal year.
In other news, Director Katina Dorton purchased 1,330 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average cost of $44.33 per share, for a total transaction of $58,958.90. Following the completion of the transaction, the director now owns 3,070 shares of the company’s stock, valued at $136,093.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds have recently modified their holdings of ECOL. Aberdeen Asset Management PLC UK boosted its stake in shares of US Ecology by 55.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 572,033 shares of the company’s stock valued at $26,285,000 after buying an additional 202,983 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of US Ecology by 15.6% in the second quarter. JPMorgan Chase & Co. now owns 617,505 shares of the company’s stock valued at $28,374,000 after buying an additional 83,205 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of US Ecology by 27.3% in the second quarter. Macquarie Group Ltd. now owns 322,330 shares of the company’s stock valued at $14,811,000 after buying an additional 69,068 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of US Ecology by 11,113.6% in the first quarter. Mondrian Investment Partners LTD now owns 51,807 shares of the company’s stock valued at $2,288,000 after buying an additional 51,345 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of US Ecology during the second quarter valued at about $2,244,000. Hedge funds and other institutional investors own 83.55% of the company’s stock.
US Ecology Company Profile
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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