Bank of Montreal Can increased its holdings in US Ecology Inc (NASDAQ:ECOL) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,017 shares of the business services provider’s stock after purchasing an additional 939 shares during the quarter. Bank of Montreal Can’s holdings in US Ecology were worth $232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in US Ecology by 27.2% in the 4th quarter. Victory Capital Management Inc. now owns 917,095 shares of the business services provider’s stock valued at $49,532,000 after buying an additional 196,300 shares during the period. State Street Corp raised its stake in US Ecology by 11.6% during the 4th quarter. State Street Corp now owns 714,139 shares of the business services provider’s stock valued at $41,356,000 after purchasing an additional 74,454 shares during the last quarter. GW&K Investment Management LLC raised its stake in US Ecology by 15.7% during the 4th quarter. GW&K Investment Management LLC now owns 558,672 shares of the business services provider’s stock valued at $32,353,000 after purchasing an additional 75,652 shares during the last quarter. Voya Investment Management LLC raised its stake in US Ecology by 128.6% during 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 purchasing an additional 233,941 shares during the last quarter. Finally, FIL Ltd raised its stake in US Ecology by 53.1% during the 4th quarter. FIL Ltd now owns 408,140 shares of the business services provider’s stock valued at $23,635,000 after purchasing an additional 141,530 shares during the last quarter. Institutional investors and hedge funds own 99.91% of the company’s stock.
In other US Ecology news, Director Stephen A. Romano bought 1,000 shares of US Ecology stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $36.00 per share, with a total value of $36,000.00. Following the purchase, the director now owns 13,695 shares of the company’s stock, valued at $493,020. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders bought a total of 2,500 shares of company stock worth $96,010 in the last ninety days. Insiders own 1.40% of the company’s stock.
ECOL has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of US Ecology from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Zacks Investment Research upgraded shares of US Ecology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. ValuEngine cut shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group upgraded shares of US Ecology from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a research note on Wednesday, March 4th. Finally, BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. US Ecology presently has an average rating of “Hold” and an average price target of $66.00.
Shares of NASDAQ ECOL opened at $29.88 on Friday. The firm has a market capitalization of $907.03 million, a PE ratio of 14.32 and a beta of 0.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.80. US Ecology Inc has a 1 year low of $24.94 and a 1 year high of $67.24. The firm’s 50-day moving average is $44.89 and its 200-day moving average is $55.63.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.20). The business had revenue of $231.27 million during the quarter, compared to the consensus estimate of $237.35 million. US Ecology had a net margin of 4.83% and a return on equity of 8.75%. As a group, equities research analysts anticipate that US Ecology Inc will post 1.76 earnings per share for the current fiscal 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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