Barclays PLC decreased its holdings in US Ecology Inc (NASDAQ:ECOL) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,760 shares of the business services provider’s stock after selling 2,384 shares during the quarter. Barclays PLC owned 0.10% of US Ecology worth $1,455,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ECOL. Victory Capital Management Inc. raised its holdings in shares of US Ecology by 8,603.0% in the 2nd quarter. Victory Capital Management Inc. now owns 600,596 shares of the business services provider’s stock worth $35,759,000 after purchasing an additional 593,695 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of US Ecology in the 3rd quarter worth approximately $18,797,000. Voya Investment Management LLC grew its stake 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 buying an additional 233,941 shares in the last quarter. Macquarie Group Ltd. grew its stake in US Ecology by 21.5% in the 2nd quarter. Macquarie Group Ltd. now owns 924,678 shares of the business services provider’s stock valued at $55,056,000 after buying an additional 163,556 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in US Ecology by 8.8% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock valued at $77,759,000 after buying an additional 106,107 shares in the last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on ECOL shares. BidaskClub lowered shares of US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. UBS Group set a $63.00 price objective on shares of US Ecology and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, ValuEngine lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st.
Shares of ECOL traded up $0.75 during mid-day trading on Monday, reaching $57.41. 122,000 shares of the stock traded hands, compared to its average volume of 124,876. The firm has a fifty day moving average price of $55.96 and a 200 day moving average price of $60.46. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 24.75 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. US Ecology Inc has a 1 year low of $53.48 and a 1 year high of $67.24.
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, beating analysts’ consensus estimates of $0.74 by $0.01. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The firm had revenue of $167.40 million during the quarter, compared to analyst estimates of $161.25 million. During the same period in the previous year, the business earned $0.61 EPS. The business’s revenue for the quarter 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 year.
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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