CAPROCK Group Inc. purchased a new stake in US Ecology Inc (NASDAQ:ECOL) during the third quarter, according to its most recent filing with the SEC. The firm purchased 3,911 shares of the business services provider’s stock, valued at approximately $250,000.
Several other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in US Ecology by 8,603.0% during 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. Rice Hall James & Associates LLC bought a new stake in US Ecology during the 3rd quarter worth approximately $18,797,000. Macquarie Group Ltd. increased 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 worth $55,056,000 after purchasing an additional 163,556 shares in the last quarter. Rothschild & Co. Asset Management US Inc. increased its stake in US Ecology by 47.3% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 387,808 shares of the business services provider’s stock worth $23,090,000 after purchasing an additional 124,458 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased 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 worth $77,759,000 after purchasing an additional 106,107 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
ECOL has been the subject of a number of research reports. Zacks Investment Research cut US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. ValuEngine raised shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. UBS Group set a $63.00 price target on shares of US Ecology and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, BidaskClub cut shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. US Ecology has an average rating of “Hold” and an average target price of $67.33.
Shares of ECOL opened at $60.53 on Tuesday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 26.73 and a beta of 0.53. US Ecology Inc has a twelve month low of $54.24 and a twelve month high of $72.85. The company has a 50 day moving average of $63.27 and a 200-day moving average of $61.20. 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 (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, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. On average, sell-side analysts anticipate that US Ecology Inc will post 2.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 18th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, October 17th. US Ecology’s payout ratio is presently 31.03%.
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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