US Ecology (NASDAQ:ECOL) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday, BidAskClub reports.
ECOL opened at $36.33 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of -3.78 and a beta of 1.19. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $35.71 and a 200-day moving average of $34.71. US Ecology has a 52 week low of $24.94 and a 52 week high of $58.36.
US Ecology (NASDAQ:ECOL) last released its earnings results on Thursday, November 5th. The business services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.13. The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $237.85 million. US Ecology had a positive return on equity of 2.55% and a negative net margin of 32.51%. The firm’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. Equities analysts anticipate that US Ecology will post 0.42 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in US Ecology by 11.1% in the 3rd quarter. BlackRock Inc. now owns 4,561,612 shares of the business services provider’s stock worth $149,027,000 after purchasing an additional 454,887 shares in the last quarter. Vanguard Group Inc. boosted its stake in US Ecology by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,846,394 shares of the business services provider’s stock worth $62,556,000 after purchasing an additional 238,525 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in US Ecology by 29.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,030,460 shares of the business services provider’s stock worth $33,665,000 after purchasing an additional 231,531 shares in the last quarter. WCM Investment Management LLC boosted its stake in US Ecology by 121.3% in the 3rd quarter. WCM Investment Management LLC now owns 361,855 shares of the business services provider’s stock worth $11,822,000 after purchasing an additional 198,312 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in US Ecology during the 3rd quarter valued at about $3,949,000. 80.61% of the stock is currently owned by hedge funds and other 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, Europe, the Middle East, Africa, Mexico, internationally. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers specialty material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, E&P, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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7 Outdoor Recreation Stocks For Growth And Dividends
If American’s liked outdoor activities before, they love them even more now. The COVID-19 pandemic has done many things, and one of them is reinvigorating American’s love of the outdoors. Data from across the industry shows a sustained uptick in revenue that has the entire complex moving higher.
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View the “7 Outdoor Recreation Stocks For Growth And Dividends”.
