US Ecology (NASDAQ: ECOL) improved at Zacks Investment Research

US Ecology (NASDAQ: ECOL) has been improved by Zacks investment research from a “sell” note to a “keep” note in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “US Ecology, Inc., formerly known as American Ecology Corporation, provides radioactive, PCB, hazardous and non-hazardous waste management services to commercial and government customers across the United States. The Company operates through its subsidiaries and provides services to steel mills, medical and academic institutions, refineries, chemical manufacturing plants and the nuclear energy 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 segments of activity: disposal facilities in operation and disposal facilities not in operation. US Ecology, Inc. is headquartered in Boise, Idaho. “

A number of other analysts have also recently commented on the headline. BMO Capital Markets reduced its target price on US Ecology shares from $ 40.00 to $ 38.00 and established a “market return” rating for the company in a report released on Wednesday, October 6. Stifel Nicolaus downgraded US Ecology shares from a “buy” rating to a “conservation” rating and lowered their target price for the stock from $ 42.00 to $ 31.00 in a report. research published on Tuesday, October 19.

Actions of ECOL stock traded down $ 0.83 at midday Monday, reaching $ 29.85. The stock had a trade volume of 9,873 shares, compared to an average volume of 174,800. The stock’s 50-day moving average price is $ 33.64 and its two-hundred-day moving average price is. $ 35.20. US Ecology has a 52-week low of $ 29.57 and a 52-week high of $ 45.72. The company has a market cap of $ 940.57 million, a PE ratio of -10.22 and a beta of 1.14. The company has a current ratio of 2.01, a rapid ratio of 2.01 and a debt ratio of 1.22.

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US Ecology (NASDAQ: ECOL) last reported its results on Friday, November 5. The business services provider reported earnings per share of $ 0.22 for the quarter, beating consensus analysts’ estimates of $ 0.21 by $ 0.01. US Ecology posted a negative net margin of 9.37% and a positive return on equity of 2.24%. The company posted revenue of $ 257.20 million for the quarter, compared to analysts’ estimates of $ 244.84 million. In the same quarter of the previous year, the company posted EPS of $ 0.25. The company’s revenue for the quarter increased 8.0% from the same quarter last year. On average, equity research analysts predict that US Ecology will post earnings per share of 0.32 for the current year.

Several large investors have recently increased or reduced their stakes in the company. Marshall Wace LLP purchased a new position in US Ecology during the 1st quarter valued at approximately $ 77,000. Alliancebernstein LP increased its stake in US Ecology by 6.8% in the second quarter. Alliancebernstein LP now owns 47,685 shares of the business services provider valued at $ 1,789,000 after acquiring an additional 3,034 shares in the last quarter. Huntington National Bank increased its stake in US Ecology by 81.9% in the 2nd quarter. Huntington National Bank now owns 1,401 shares of the business services provider valued at $ 53,000 after acquiring an additional 631 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in US Ecology during the second quarter for $ 213,000. Finally, Advisor Group Holdings Inc. increased its stake in US Ecology by 25.2% during the second quarter. Advisor Group Holdings Inc. now owns 1,356 shares of the business services provider valued at $ 50,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds hold 87.44% of the company’s shares.

American Ecology Company Profile

US Ecology, Inc is engaged in the provision of environmental services to business and government entities. It operates through the following segments: Waste Solutions; Field services; and energy waste. The Waste Solutions segment comprises a range of specialist materials management services including the transportation, recycling, treatment and disposal of hazardous, non-hazardous, E&P and radioactive waste in landfills, wastewater, injection of deep wells and other company-owned treatment facilities.

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