Congress Asset Management Co. MA lifted its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,862 shares of the business services provider’s stock after buying an additional 1,475 shares during the period. Congress Asset Management Co. MA owned approximately 0.25% of US Ecology worth $3,572,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ECOL. Fenimore Asset Management Inc. lifted its holdings in US Ecology by 0.7% in the 2nd quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock worth $12,686,000 after buying an additional 1,520 shares in the last quarter. Swiss National Bank increased its position in US Ecology by 2.0% in the second quarter. Swiss National Bank now owns 41,000 shares of the business services provider’s stock worth $2,441,000 after buying an additional 800 shares in the last quarter. Moody Aldrich Partners LLC increased its position in US Ecology by 32.5% in the second quarter. Moody Aldrich Partners LLC now owns 97,769 shares of the business services provider’s stock worth $5,821,000 after buying an additional 23,971 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in US Ecology by 8.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock worth $77,759,000 after buying an additional 106,107 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in US Ecology by 13.4% in the second quarter. UBS Asset Management Americas Inc. now owns 10,887 shares of the business services provider’s stock worth $648,000 after buying an additional 1,288 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
A number of brokerages have commented on ECOL. UBS Group reduced their price target on US Ecology from $63.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. ValuEngine cut US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. BidaskClub cut US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Finally, Zacks Investment Research cut US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th.
Shares of NASDAQ:ECOL traded down $0.09 during trading on Friday, hitting $54.99. 36,088 shares of the company’s stock were exchanged, compared to its average volume of 120,330. The business’s 50-day simple moving average is $60.42 and its 200 day simple moving average is $60.89. US Ecology Inc has a 52-week low of $53.48 and a 52-week high of $70.48. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 23.70 and a beta of 0.53. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 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 company had revenue of $167.40 million during the quarter, compared to analyst estimates of $161.25 million. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that US Ecology Inc will post 2.2 EPS for the current fiscal year.
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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