State Street Corp boosted its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 639,685 shares of the business services provider’s stock after buying an additional 5,939 shares during the period. State Street Corp owned approximately 2.90% of US Ecology worth $40,901,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of ECOL. Marshall Wace LLP acquired a new position in US Ecology during the first quarter valued at $77,000. Keybank National Association OH acquired a new position in US Ecology during the second quarter valued at $612,000. Envestnet Asset Management Inc. raised its position in US Ecology by 11.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,180 shares of the business services provider’s stock valued at $249,000 after buying an additional 438 shares during the period. Swiss National Bank raised its position in US Ecology by 2.0% during the second quarter. Swiss National Bank now owns 41,000 shares of the business services provider’s stock valued at $2,441,000 after buying an additional 800 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in US Ecology during the second quarter valued at $209,000. 89.44% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. UBS Group set a $63.00 price target on US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. BidaskClub lowered US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Finally, Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th.
Shares of ECOL stock opened at $55.01 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick 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. The stock’s 50-day moving average is $57.98 and its two-hundred day moving average is $60.72. The firm has a market cap of $1.23 billion, a P/E ratio of 23.71 and a beta of 0.54.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $167.40 million for the quarter, compared to analyst estimates of $161.25 million. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. As a group, research analysts expect that US Ecology Inc will post 2.2 EPS for the current 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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