US Ecology (NASDAQ: ECOL) Upgraded To Buy From Zacks Investment Research

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US Ecology (NASDAQ: ECOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The brokerage currently has a price target of $ 42.00 on shares of the business service provider. Zacks Investment Research’s price target would point to a potential rise of 11.32% from the stock’s previous close.

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 facilities 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. “

Separately, TheStreet downgraded US Ecology from a “d +” rating to a “c” rating in a research report released on Friday, April 30.

ECOL shares traded down $ 0.19 on Friday, reaching $ 37.73. 163,720 shares of the company were traded in the hands, compared to its average volume of 150,108. The company has a leverage ratio of 1.28, a quick ratio of 2.22 and a current ratio of 2, 22. The company has a market cap of $ 1.19 billion, a PE ratio of -12.70 and a beta of 1.19. The company has a 50-day moving average price of $ 39.63. US Ecology has a 52-week low of $ 29.89 and a 52-week high of $ 45.72.

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US Ecology (NASDAQ: ECOL) last released its quarterly results on Thursday, April 29. The business services provider announced ($ 0.07) BPA for the quarter, beating Zacks’ consensus estimate ($ 0.10) by $ 0.03. The company posted revenue of $ 228.62 million in the quarter, compared to a consensus estimate of $ 226.30 million. US Ecology posted a positive return on equity of 1.40% and a negative net margin of 9.99%. As a group, analysts predict that US Ecology will post earnings per share of 0.81 for the current year.

A number of large investors have recently bought and sold shares of ECOL. BlackRock Inc. increased its stake in US Ecology by 5.0% during the first quarter. BlackRock Inc. now owns 5,076,967 shares of the business service provider valued at $ 211,405,000 after purchasing an additional 243,136 shares in the last quarter. WCM Investment Management LLC increased its stake in US Ecology shares by 14.6% in the first quarter. WCM Investment Management LLC now owns 421,762 shares of the business service provider valued at $ 17,562,000 after purchasing an additional 53,743 shares during the period. ProShare Advisors LLC purchased a new position in US Ecology shares in the fourth quarter valued at approximately $ 276,000. Heartland Advisors Inc. increased its holdings of US Ecology shares by 50.0% in the first quarter. Heartland Advisors Inc. now owns 150,000 shares of the business services provider valued at $ 6,246,000 after purchasing an additional 50,000 shares during the period. Finally, Oak Family Advisors LLC purchased a new position in US Ecology shares in the first quarter valued at approximately $ 498,000. 88.53% of the shares are held by institutional investors.

About American Ecology

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 and internationally . It operates through three segments: Waste Solutions, Field Services and Energy Waste. The Waste Solutions segment provides specialized waste management services, including the treatment, disposal, beneficial reuse and recycling of hazardous, non-hazardous and other specialty wastes in treatment, storage and disposal facilities company-owned, as well as wastewater treatment service provision.

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