Millennium Management LLC increased its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 377.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,959 shares of the business services provider’s stock after acquiring an additional 48,203 shares during the period. Millennium Management LLC owned about 0.28% of US Ecology worth $3,897,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. California State Teachers Retirement System boosted its position in US Ecology by 1.2% in the third quarter. California State Teachers Retirement System now owns 34,380 shares of the business services provider’s stock valued at $2,198,000 after buying an additional 411 shares in the last quarter. State Street Corp boosted its position in US Ecology by 0.9% in the third quarter. State Street Corp now owns 639,685 shares of the business services provider’s stock valued at $40,901,000 after buying an additional 5,939 shares in the last quarter. Voya Investment Management LLC boosted its position in US Ecology by 128.6% in the third quarter. Voya Investment Management LLC now owns 415,866 shares of the business services provider’s stock valued at $26,591,000 after buying an additional 233,941 shares in the last quarter. GW&K Investment Management LLC boosted its position in US Ecology by 8.2% in the third quarter. GW&K Investment Management LLC now owns 483,020 shares of the business services provider’s stock valued at $30,884,000 after buying an additional 36,751 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in US Ecology by 510.3% in the third quarter. SG Americas Securities LLC now owns 14,756 shares of the business services provider’s stock valued at $943,000 after buying an additional 12,338 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
A number of research firms have commented on ECOL. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. ValuEngine lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. UBS Group set a $63.00 price target on shares of US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, BidaskClub downgraded shares of US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th.
Shares of NASDAQ ECOL opened at $56.66 on Friday. US Ecology Inc has a 1-year low of $53.48 and a 1-year high of $67.24. The company has a market cap of $1.26 billion, a PE ratio of 24.42 and a beta of 0.54. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average of $56.19 and a two-hundred day moving average of $60.51.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The company had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.25 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that US Ecology Inc will post 2.2 earnings per share for the current year.
US Ecology Company 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.
Featured Story: What member countries make up the G-20?
Receive News & Ratings for US Ecology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for US Ecology and related companies with MarketBeat.com’s FREE daily email newsletter.
