CAPROCK Group Inc. purchased a new position in shares of US Ecology Inc (NASDAQ:ECOL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,911 shares of the business services provider’s stock, valued at approximately $250,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ECOL. Fenimore Asset Management Inc. increased its holdings in US Ecology by 0.7% during the 2nd quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock worth $12,686,000 after purchasing an additional 1,520 shares during the period. Swiss National Bank increased its holdings in US Ecology by 2.0% during the 2nd quarter. Swiss National Bank now owns 41,000 shares of the business services provider’s stock worth $2,441,000 after purchasing an additional 800 shares during the period. Moody Aldrich Partners LLC increased its holdings in US Ecology by 32.5% during the 2nd quarter. Moody Aldrich Partners LLC now owns 97,769 shares of the business services provider’s stock worth $5,821,000 after purchasing an additional 23,971 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in US Ecology by 8.8% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock worth $77,759,000 after purchasing an additional 106,107 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in US Ecology by 13.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,887 shares of the business services provider’s stock worth $648,000 after purchasing an additional 1,288 shares during the period. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Shares of NASDAQ ECOL traded down $0.01 during trading hours on Wednesday, reaching $55.08. The stock had a trading volume of 106,300 shares, compared to its average volume of 120,696. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 23.74 and a beta of 0.53. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology Inc has a fifty-two week low of $53.48 and a fifty-two week high of $70.48. The firm has a 50-day moving average of $60.73 and a 200-day moving average of $60.91.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The firm had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts predict that US Ecology Inc will post 2.2 EPS for the current year.
A number of research analysts have recently commented on ECOL shares. UBS Group dropped their price objective on US Ecology from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. BidaskClub downgraded US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Finally, ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st.
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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