State of Tennessee Treasury Department lowered its position in US Ecology Inc (NASDAQ:ECOL) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,599 shares of the business services provider’s stock after selling 1,297 shares during the period. State of Tennessee Treasury Department’s holdings in US Ecology were worth $614,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of ECOL. BlackRock Inc. boosted its stake in US Ecology by 0.4% in the 2nd quarter. BlackRock Inc. now owns 3,188,445 shares of the business services provider’s stock worth $189,841,000 after purchasing an additional 11,670 shares in the last quarter. Vanguard Group Inc. boosted its stake in US Ecology by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,402,130 shares of the business services provider’s stock worth $83,483,000 after purchasing an additional 13,644 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in US Ecology by 8.8% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock worth $77,759,000 after purchasing an additional 106,107 shares in the last quarter. Macquarie Group Ltd. boosted its stake in US Ecology by 21.5% in the 2nd quarter. Macquarie Group Ltd. now owns 924,678 shares of the business services provider’s stock worth $55,056,000 after purchasing an additional 163,556 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in US Ecology by 8,603.0% in the 2nd quarter. Victory Capital Management Inc. now owns 600,596 shares of the business services provider’s stock worth $35,759,000 after purchasing an additional 593,695 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
ECOL stock opened at $56.37 on Friday. The firm has a 50 day moving average of $62.91 and a 200 day moving average of $61.16. The stock has a market capitalization of $1.29 billion, a PE ratio of 25.64 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 52 week low of $54.24 and a 52 week high of $72.85.
US Ecology (NASDAQ:ECOL) last released 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. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The company had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. During the same period last year, the business earned $0.61 EPS. US Ecology’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that US Ecology Inc will post 2.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 18th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, October 17th. US Ecology’s payout ratio is 31.03%.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. Finally, UBS Group set a $63.00 target price on shares of US Ecology and gave the stock a “hold” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. US Ecology currently has a consensus rating of “Hold” and a consensus price target of $67.33.
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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