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US Ecology (NASDAQ:ECOL) Lowered to Strong Sell at BidaskClub

BidaskClub cut shares of US Ecology (NASDAQ:ECOL) from a sell rating to a strong sell rating in a research report report published on Friday, November 15th, BidAskClub reports.

Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of US Ecology from a hold rating to a buy rating in a research report on Thursday, August 1st. UBS Group set a $63.00 target price on shares of US Ecology and gave the company a hold rating in a research report on Friday, November 1st. Finally, Zacks Investment Research downgraded shares of US Ecology from a hold rating to a strong sell rating in a research report on Wednesday, November 6th.

Shares of NASDAQ:ECOL opened at $54.04 on Friday. US Ecology has a 52 week low of $53.48 and a 52 week high of $70.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $1.20 billion, a PE ratio of 23.90 and a beta of 0.53. The company has a 50 day moving average price of $61.62 and a two-hundred day moving average price of $60.98.

US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The firm had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.25 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts forecast that US Ecology will post 2.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 18th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, October 17th. US Ecology’s dividend payout ratio is currently 31.03%.

Hedge funds have recently made changes to their positions in the business. American Research & Management Co. acquired a new stake in US Ecology in the 2nd quarter worth about $36,000. US Bancorp DE raised its stake in US Ecology by 20.0% in the 2nd quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after purchasing an additional 206 shares in the last quarter. Marshall Wace LLP acquired a new stake in US Ecology in the 1st quarter worth about $77,000. First Mercantile Trust Co. raised its stake in US Ecology by 13.5% in the 2nd quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock worth $90,000 after purchasing an additional 180 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in US Ecology by 27.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock worth $94,000 after purchasing an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

About US Ecology

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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