First Trust Advisors LP grew its holdings in US Ecology Inc (NASDAQ:ECOL) by 44.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,567 shares of the business services provider’s stock after purchasing an additional 19,347 shares during the quarter. First Trust Advisors LP owned about 0.28% of US Ecology worth $4,001,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Research & Management Co. acquired a new stake in US Ecology in the 2nd quarter valued at approximately $36,000. US Bancorp DE increased its holdings in US Ecology by 20.0% in the 2nd 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 last quarter. Marshall Wace LLP acquired a new stake in US Ecology in the 1st quarter valued at approximately $77,000. 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 valued at $90,000 after purchasing an additional 180 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in US Ecology by 27.4% in the 3rd 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 last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:ECOL traded down $0.60 during trading on Friday, hitting $55.01. The company’s stock had a trading volume of 99,854 shares, compared to its average volume of 192,322. The business has a 50 day moving average price of $57.98 and a two-hundred day moving average price of $60.72. The company has a market capitalization of $1.23 billion, a PE ratio of 23.71 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.03 and a current ratio of 2.03. US Ecology Inc has a fifty-two week low of $53.48 and a fifty-two week high of $67.24.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.25 million. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, equities analysts expect that US Ecology Inc will post 2.2 earnings per share for the current fiscal year.
Several research firms recently weighed in on ECOL. ValuEngine downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. BidaskClub downgraded shares of US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. UBS Group set a $63.00 target price on shares of US Ecology and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th.
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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