GW&K Investment Management LLC raised its stake in US Ecology Inc (NASDAQ:ECOL) by 8.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,020 shares of the business services provider’s stock after buying an additional 36,751 shares during the period. GW&K Investment Management LLC owned 2.19% of US Ecology worth $30,884,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. American Research & Management Co. bought a new position in shares of US Ecology in the 2nd quarter valued at $36,000. US Bancorp DE grew its position in US Ecology by 20.0% during the 2nd quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after acquiring an additional 206 shares during the last quarter. Marshall Wace LLP bought a new stake in US Ecology during the 1st quarter worth $77,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in US Ecology by 27.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock worth $94,000 after acquiring an additional 317 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in US Ecology by 13.5% in the 2nd quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock worth $90,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Shares of NASDAQ:ECOL opened at $55.36 on Wednesday. The business has a fifty day simple moving average of $59.63 and a 200 day simple moving average of $60.83. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.95. The firm has a market cap of $1.21 billion, a P/E ratio of 23.86 and a beta of 0.54. US Ecology Inc has a 12-month low of $53.48 and a 12-month high of $70.48.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $167.40 million for the quarter, compared to analyst estimates of $161.25 million. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. US Ecology’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts expect that US Ecology Inc will post 2.2 EPS for the current year.
Several equities analysts have commented on the company. UBS Group set a $63.00 target price on US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. BidaskClub downgraded US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. Finally, ValuEngine lowered shares of US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st.
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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