Voya Investment Management LLC increased its holdings in US Ecology Inc (NASDAQ:ECOL) by 128.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,866 shares of the business services provider’s stock after acquiring an additional 233,941 shares during the quarter. Voya Investment Management LLC owned about 1.88% of US Ecology worth $26,591,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its stake in US Ecology by 2.0% in the second quarter. Swiss National Bank now owns 41,000 shares of the business services provider’s stock worth $2,441,000 after acquiring an additional 800 shares during the period. Moody Aldrich Partners LLC lifted its position in US Ecology by 32.5% during the second quarter. Moody Aldrich Partners LLC now owns 97,769 shares of the business services provider’s stock valued at $5,821,000 after buying an additional 23,971 shares during the period. Silvercrest Asset Management Group LLC lifted its position in US Ecology by 8.8% during the second 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 buying an additional 106,107 shares during the period. UBS Asset Management Americas Inc. lifted its position in US Ecology by 13.4% during the second quarter. UBS Asset Management Americas Inc. now owns 10,887 shares of the business services provider’s stock valued at $648,000 after buying an additional 1,288 shares during the period. Finally, Rice Hall James & Associates LLC purchased a new position in US Ecology during the third quarter valued at $18,797,000. 89.44% of the stock is owned by institutional investors.
Shares of US Ecology stock opened at $54.99 on Friday. 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 firm has a market capitalization of $1.22 billion, a P/E ratio of 23.70 and a beta of 0.53. The business has a fifty day simple moving average of $60.27 and a two-hundred day simple moving average of $60.87. US Ecology Inc has a 12 month low of $53.48 and a 12 month high of $70.48.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, beating the 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 firm had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.25 million. During the same period last year, the company earned $0.61 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Analysts predict that US Ecology Inc will post 2.2 earnings per share for the current year.
Several brokerages have commented on ECOL. UBS Group lowered their price objective on US Ecology from $63.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. 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.
About US Ecology
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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