SG Americas Securities LLC raised its holdings in US Ecology Inc (NASDAQ:ECOL) by 510.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,756 shares of the business services provider’s stock after buying an additional 12,338 shares during the quarter. SG Americas Securities LLC owned about 0.07% of US Ecology worth $943,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in ECOL. American Research & Management Co. acquired a new stake in US Ecology in the second quarter valued at approximately $36,000. US Bancorp DE grew its holdings in US Ecology by 20.0% in the second quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 206 shares during the period. Marshall Wace LLP acquired a new stake in US Ecology in the first quarter valued at approximately $77,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in US Ecology by 27.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 317 shares during the period. Finally, First Mercantile Trust Co. grew its holdings in US Ecology by 13.5% in the second quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 180 shares during the period. Institutional investors own 89.44% of the company’s stock.
NASDAQ:ECOL opened at $55.09 on Wednesday. US Ecology Inc has a 52 week low of $53.48 and a 52 week high of $70.48. 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 company has a market capitalization of $1.19 billion, a P/E ratio of 23.75 and a beta of 0.53. The stock’s fifty day moving average is $60.73 and its two-hundred day moving average is $60.91.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $161.25 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts anticipate that US Ecology Inc will post 2.2 earnings per share for the current fiscal year.
Several research firms have recently weighed in on ECOL. BidaskClub downgraded US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. UBS Group decreased their target price on US Ecology from $63.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.
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.
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