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US Ecology Inc (NASDAQ:ECOL) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department reduced its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 11.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised 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 acquiring an additional 11,670 shares during the last quarter. Vanguard Group Inc. raised its position in US Ecology by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,402,130 shares of the business services provider’s stock worth $83,483,000 after buying an additional 13,644 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in US Ecology by 8.8% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock valued at $77,759,000 after acquiring an additional 106,107 shares during the period. Macquarie Group Ltd. lifted its stake in US Ecology by 21.5% during the 2nd quarter. Macquarie Group Ltd. now owns 924,678 shares of the business services provider’s stock valued at $55,056,000 after acquiring an additional 163,556 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of 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 valued at $35,759,000 after acquiring an additional 593,695 shares during the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

ECOL traded down $0.03 on Friday, hitting $56.13. 310,532 shares of the company were exchanged, compared to its average volume of 122,261. The firm has a 50-day moving average price of $59.21 and a two-hundred day moving average price of $60.80. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.95. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 24.19 and a beta of 0.54. US Ecology Inc has a twelve month low of $53.48 and a twelve month high of $67.27.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $167.40 million during the quarter, compared to the consensus estimate 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 for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Equities analysts expect that US Ecology Inc will post 2.2 EPS for the current year.

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

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



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