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Procurement

SG Americas Securities LLC Acquires 12,338 Shares of US Ecology Inc (NASDAQ:ECOL)

SG Americas Securities LLC grew its position in US Ecology Inc (NASDAQ:ECOL) by 510.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,756 shares of the business services provider’s stock after purchasing an additional 12,338 shares during the period. SG Americas Securities LLC owned approximately 0.07% of US Ecology worth $943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in US Ecology during the 1st quarter worth approximately $77,000. Syquant Capital Sas purchased a new stake in US Ecology during the 2nd quarter worth approximately $1,881,000. Crossmark Global Holdings Inc. purchased a new stake in US Ecology during the 2nd quarter worth approximately $204,000. Oregon Public Employees Retirement Fund increased its holdings in US Ecology by 2.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,736 shares of the business services provider’s stock worth $520,000 after purchasing an additional 200 shares during the last quarter. Finally, Fenimore Asset Management Inc. increased its holdings in US Ecology by 0.7% during the 2nd quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock worth $12,686,000 after purchasing an additional 1,520 shares during the last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ECOL traded down $1.78 during midday trading on Thursday, reaching $55.61. 221,849 shares of the company traded hands, compared to its average volume of 123,618. US Ecology Inc has a twelve month low of $53.48 and a twelve month high of $67.24. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.97 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. The company has a fifty day moving average price of $58.44 and a 200 day moving average price of $60.76.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $161.25 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that US Ecology Inc will post 2.2 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on ECOL. ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. BidaskClub downgraded US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. UBS Group set a $63.00 price target on US Ecology and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.

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.

Read More: Retained Earnings

Institutional Ownership by Quarter for US Ecology (NASDAQ:ECOL)



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