US Ecology Inc (ECOL) Receives $68.00 Consensus PT from Brokerages

US Ecology Inc (NASDAQ:ECOL) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $68.00.

ECOL has been the topic of several research analyst reports. Zacks Investment Research cut shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. BidaskClub cut shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. ValuEngine cut shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, UBS Group upgraded shares of US Ecology from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $56.00 to $59.00 in a research report on Thursday, April 4th.

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in US Ecology by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 336,910 shares of the business services provider’s stock valued at $24,848,000 after acquiring an additional 11,654 shares during the last quarter. Martingale Asset Management L P grew its position in US Ecology by 410.7% during the third quarter. Martingale Asset Management L P now owns 43,407 shares of the business services provider’s stock valued at $3,202,000 after acquiring an additional 34,907 shares during the last quarter. BlackRock Inc. grew its position in US Ecology by 4.2% during the third quarter. BlackRock Inc. now owns 3,124,051 shares of the business services provider’s stock valued at $230,400,000 after acquiring an additional 126,945 shares during the last quarter. FMR LLC grew its position in US Ecology by 1.0% during the third quarter. FMR LLC now owns 755,533 shares of the business services provider’s stock valued at $55,721,000 after acquiring an additional 7,141 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in US Ecology by 61.2% during the third quarter. Renaissance Technologies LLC now owns 66,400 shares of the business services provider’s stock valued at $4,897,000 after acquiring an additional 25,200 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

Shares of US Ecology stock opened at $59.16 on Thursday. US Ecology has a 12-month low of $52.35 and a 12-month high of $77.15. The stock has a market capitalization of $1.31 billion, a PE ratio of 25.50 and a beta of 0.50. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.01.

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

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

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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