US Ecology (NASDAQ:ECOL) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday, Zacks.com reports.
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. “
A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets decreased their target price on US Ecology from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 6th. Stifel Nicolaus cut shares of US Ecology from a “buy” rating to a “hold” rating and cut their price target for the stock from $42.00 to $31.00 in a research note on Tuesday, October 19th.
Shares of NASDAQ:ECOL traded up $0.45 during midday trading on Friday, hitting $32.07. The company’s stock had a trading volume of 122,263 shares, compared to its average volume of 137,813. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.98 and a beta of 1.12. The stock’s 50 day simple moving average is $33.57 and its 200 day simple moving average is $34.60. US Ecology has a fifty-two week low of $28.91 and a fifty-two week high of $45.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.01 and a current ratio of 2.01.
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US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Friday, November 5th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. US Ecology had a positive return on equity of 2.24% and a negative net margin of 9.37%. The company had revenue of $257.20 million for the quarter, compared to the consensus estimate of $244.84 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that US Ecology will post 0.32 EPS for the current year.
Large investors have recently bought and sold shares of the company. Berman Capital Advisors LLC raised its stake in shares of US Ecology by 1,670.0% in the second quarter. Berman Capital Advisors LLC now owns 708 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 668 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of US Ecology by 25.2% in the second quarter. Advisor Group Holdings Inc. now owns 1,356 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 273 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of US Ecology in the third quarter valued at approximately $51,000. Captrust Financial Advisors raised its stake in shares of US Ecology by 28.2% in the third quarter. Captrust Financial Advisors now owns 1,766 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 389 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of US Ecology in the first quarter valued at approximately $77,000. Institutional investors own 87.44% of the company’s stock.
About US Ecology
US Ecology, Inc engages in the provision of environmental services to commercial and government entities. It operates through the following segments: Waste Solutions; Field Services; and Energy Waste. The Waste Solutions segment include a range of specialty material management services including transportation, recycling, treatment and disposal of hazardous, non-hazardous, E&P and radioactive waste at company-owned landfill, wastewater, deep-well injection, and other treatment facilities.
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