US Ecology (NASDAQ:ECOL) Upgraded at BidaskClub

BidaskClub upgraded shares of US Ecology (NASDAQ:ECOL) from a strong sell rating to a sell rating in a research note published on Friday, March 29th, BidAskClub reports.

ECOL has been the topic of a number of other research reports. Zacks Investment Research lowered US Ecology from a buy rating to a hold rating in a report on Monday, January 7th. ValuEngine lowered US Ecology from a buy rating to a hold rating in a report on Saturday, February 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $70.20.

ECOL stock traded up $0.23 during midday trading on Friday, reaching $59.16. The stock had a trading volume of 109,120 shares, compared to its average volume of 89,499. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $1.31 billion, a P/E ratio of 25.50 and a beta of 0.50. US Ecology has a 52-week low of $52.35 and a 52-week high of $77.15.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, February 21st. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The company had revenue of $157.54 million for the quarter, compared to analyst estimates of $148.92 million. US Ecology had a return on equity of 14.80% and a net margin of 8.76%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, equities analysts forecast that US Ecology will post 2.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, April 17th. US Ecology’s dividend payout ratio is currently 31.03%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Karp Capital Management Corp acquired a new position in shares of US Ecology during the fourth quarter worth about $28,000. Resources Investment Advisors Inc. acquired a new position in shares of US Ecology during the fourth quarter worth about $33,000. Oppenheimer Asset Management Inc. acquired a new position in shares of US Ecology during the fourth quarter worth about $55,000. Quantamental Technologies LLC acquired a new position in shares of US Ecology during the fourth quarter worth about $63,000. Finally, LS Investment Advisors LLC grew its position in shares of US Ecology by 114.8% during the fourth quarter. LS Investment Advisors LLC now owns 1,366 shares of the business services provider’s stock worth $86,000 after buying an additional 730 shares in the last quarter. 83.94% of the stock is owned by institutional investors.

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 through 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, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.

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