New York State Teachers Retirement System grew its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,974 shares of the business services provider’s stock after purchasing an additional 194 shares during the quarter. New York State Teachers Retirement System’s holdings in US Ecology were worth $578,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of US Ecology by 1.0% during the second quarter. Vanguard Group Inc. now owns 1,402,130 shares of the business services provider’s stock worth $83,483,000 after purchasing an additional 13,644 shares in the last quarter. State Street Corp lifted its stake 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 worth $40,901,000 after purchasing an additional 5,939 shares in the last quarter. GW&K Investment Management LLC lifted its stake 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 lifted its stake 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 worth $26,591,000 after purchasing an additional 233,941 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in shares of US Ecology during the third quarter worth about $18,797,000. Institutional investors own 90.28% of the company’s stock.
Shares of NASDAQ ECOL opened at $53.97 on Friday. US Ecology Inc has a 1 year low of $53.37 and a 1 year high of $67.24. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 23.67 and a beta of 0.59. 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 stock’s 50-day simple moving average is $55.75 and its 200-day simple moving average is $59.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, January 16th. US Ecology’s dividend payout ratio is currently 31.03%.
A number of analysts have recently issued reports on the company. ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 16th. BidaskClub lowered US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Finally, UBS Group set a $63.00 target price on US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st.
US Ecology 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.
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