Arizona State Retirement System cut its holdings in US Ecology Inc (NASDAQ:ECOL) by 34.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,970 shares of the business services provider’s stock after selling 8,973 shares during the period. Arizona State Retirement System owned 0.08% of US Ecology worth $983,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in US Ecology by 0.9% in the 3rd quarter. State Street Corp now owns 639,685 shares of the business services provider’s stock valued at $40,901,000 after purchasing an additional 5,939 shares during the period. GW&K Investment Management LLC boosted its holdings in US Ecology by 8.2% in the 3rd quarter. GW&K Investment Management LLC now owns 483,020 shares of the business services provider’s stock valued at $30,884,000 after purchasing an additional 36,751 shares during the period. Voya Investment Management LLC boosted its holdings in US Ecology by 128.6% in the 3rd quarter. Voya Investment Management LLC now owns 415,866 shares of the business services provider’s stock valued at $26,591,000 after purchasing an additional 233,941 shares during the period. Rice Hall James & Associates LLC bought a new position in US Ecology in the 3rd quarter valued at $18,797,000. Finally, Fenimore Asset Management Inc. boosted its holdings in US Ecology by 5.8% in the 4th quarter. Fenimore Asset Management Inc. now owns 278,134 shares of the business services provider’s stock valued at $16,107,000 after purchasing an additional 15,255 shares during the period. 90.28% of the stock is owned by institutional investors.
US Ecology stock opened at $51.87 on Friday. The firm’s fifty day moving average price is $55.65 and its 200-day moving average price is $59.41. 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 has a market cap of $1.15 billion, a P/E ratio of 22.85 and a beta of 0.59. US Ecology Inc has a fifty-two week low of $51.26 and a fifty-two week high of $67.24.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Thursday, January 16th. US Ecology’s dividend payout ratio (DPR) is currently 31.03%.
ECOL has been the subject of several analyst reports. ValuEngine downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. UBS Group set a $63.00 price target on shares of US Ecology and gave the company a “hold” rating in a report on Friday, November 1st. BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Finally, Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 16th.
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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