State of Alaska Department of Revenue boosted its position in US Ecology Inc (NASDAQ:ECOL) by 13.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,219 shares of the business services provider’s stock after acquiring an additional 2,248 shares during the period. State of Alaska Department of Revenue owned 0.09% of US Ecology worth $1,112,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ECOL. Millennium Management LLC grew its holdings in US Ecology by 377.9% during the 3rd quarter. Millennium Management LLC now owns 60,959 shares of the business services provider’s stock valued at $3,897,000 after buying an additional 48,203 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of US Ecology by 8.2% during the third quarter. GW&K Investment Management LLC now owns 483,020 shares of the business services provider’s stock worth $30,884,000 after purchasing an additional 36,751 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of US Ecology by 128.6% during the third quarter. Voya Investment Management LLC now owns 415,866 shares of the business services provider’s stock valued at $26,591,000 after acquiring an additional 233,941 shares during the last quarter. State Street Corp raised its holdings in shares of US Ecology by 0.9% during the third quarter. State Street Corp now owns 639,685 shares of the business services provider’s stock valued at $40,901,000 after acquiring an additional 5,939 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of US Ecology by 13.4% during the second quarter. UBS Asset Management Americas Inc. now owns 10,887 shares of the business services provider’s stock valued at $648,000 after acquiring an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.
A number of brokerages have commented on ECOL. UBS Group set a $63.00 target price on US Ecology and gave the company a “hold” rating in a report on Friday, November 1st. BidaskClub lowered US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 16th. Finally, ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th.
ECOL opened at $55.48 on Friday. The business has a fifty day simple moving average of $56.23 and a 200-day simple moving average of $59.92. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology Inc has a 52 week low of $53.43 and a 52 week high of $67.24. The firm has a market cap of $1.23 billion, a P/E ratio of 24.33 and a beta of 0.55.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The business had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $161.25 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that US Ecology Inc will post 2.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, January 16th. US Ecology’s dividend payout ratio is presently 31.03%.
US Ecology Company Profile
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.
Recommended Story: Understanding the different types of bonds
Receive News & Ratings for US Ecology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for US Ecology and related companies with MarketBeat.com’s FREE daily email newsletter.
