GW&K Investment Management LLC lifted its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 about 2.19% of US Ecology worth $30,884,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of ECOL. SG Americas Securities LLC lifted its stake in US Ecology by 510.3% in the 3rd quarter. SG Americas Securities LLC now owns 14,756 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 12,338 shares during the last quarter. First Trust Advisors LP lifted its stake in US Ecology by 44.8% in the 3rd quarter. First Trust Advisors LP now owns 62,567 shares of the business services provider’s stock valued at $4,001,000 after purchasing an additional 19,347 shares during the last quarter. First Mercantile Trust Co. lifted its stake in US Ecology by 11.6% in the 3rd quarter. First Mercantile Trust Co. now owns 1,685 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 175 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in US Ecology by 2.7% in the 3rd quarter. Congress Asset Management Co. MA now owns 55,862 shares of the business services provider’s stock valued at $3,572,000 after purchasing an additional 1,475 shares during the last quarter. Finally, 6 Meridian acquired a new stake in US Ecology in the 3rd quarter valued at about $558,000. Institutional investors own 89.44% of the company’s stock.
Several research analysts have weighed in on the stock. ValuEngine cut shares of US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. UBS Group lowered their price target on shares of US Ecology from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Finally, Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.
US Ecology stock opened at $54.72 on Tuesday. The stock has a market cap of $1.19 billion, a P/E ratio of 23.59 and a beta of 0.53. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology Inc has a twelve month low of $53.48 and a twelve month high of $70.48. The company’s 50-day moving average price is $60.89 and its two-hundred day moving average price is $60.92.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $161.25 million. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Equities analysts anticipate that US Ecology Inc will post 2.2 earnings per share for the current fiscal year.
US Ecology 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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