California Public Employees Retirement System boosted its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,776 shares of the business services provider’s stock after buying an additional 2,793 shares during the quarter. California Public Employees Retirement System owned 0.28% of US Ecology worth $3,950,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ECOL. Marshall Wace LLP purchased a new stake in US Ecology in the 1st quarter valued at about $77,000. Syquant Capital Sas acquired a new position in US Ecology in the second quarter valued at approximately $1,881,000. Crossmark Global Holdings Inc. acquired a new position in US Ecology in the second quarter valued at approximately $204,000. Oregon Public Employees Retirement Fund lifted its stake in US Ecology by 2.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 8,736 shares of the business services provider’s stock valued at $520,000 after buying an additional 200 shares during the last quarter. Finally, Fenimore Asset Management Inc. lifted its stake in US Ecology by 0.7% in the second quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock valued at $12,686,000 after buying an additional 1,520 shares during the last quarter. 89.44% of the stock is owned by institutional investors.
US Ecology stock opened at $55.09 on Wednesday. US Ecology Inc has a 12 month low of $53.48 and a 12 month high of $70.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. The business has a 50 day simple moving average of $60.73 and a 200-day simple moving average of $60.91. The stock has a market capitalization of $1.19 billion, a PE ratio of 23.75 and a beta of 0.53.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $161.25 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that US Ecology Inc will post 2.2 EPS for the current year.
A number of equities research analysts have weighed in on the company. BidaskClub cut US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. UBS Group reduced their price objective on US Ecology from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. ValuEngine cut US Ecology from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Zacks Investment Research cut US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th.
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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