6 Meridian purchased a new position in shares of US Ecology Inc (NASDAQ:ECOL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,980 shares of the business services provider’s stock, valued at approximately $1,662,000. 6 Meridian owned approximately 0.12% of US Ecology at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ECOL. Fenimore Asset Management Inc. boosted its holdings in shares of US Ecology by 0.7% in the second quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock valued at $12,686,000 after acquiring an additional 1,520 shares in the last quarter. Swiss National Bank boosted its holdings 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 worth $2,441,000 after buying an additional 800 shares in the last quarter. Moody Aldrich Partners LLC raised 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 worth $5,821,000 after acquiring an additional 23,971 shares during the last quarter. Silvercrest Asset Management Group LLC raised 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 worth $77,759,000 after acquiring an additional 106,107 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised 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 worth $648,000 after acquiring an additional 1,288 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. ValuEngine upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, UBS Group set a $63.00 price objective on shares of US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $67.33.
Shares of NASDAQ:ECOL traded down $1.48 during trading on Friday, reaching $54.89. The stock had a trading volume of 310,400 shares, compared to its average volume of 117,717. 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 fifty-two week low of $54.24 and a fifty-two week high of $72.85. The business has a fifty day moving average price of $62.91 and a 200-day moving average price of $61.16. The stock has a market cap of $1.29 billion, a P/E ratio of 23.66 and a beta of 0.53.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $161.25 million. During the same period in the previous year, the firm earned $0.61 earnings per share. US Ecology’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that US Ecology Inc will post 2.2 EPS 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. The ex-dividend date was Thursday, October 17th. This represents a $0.72 annualized dividend and a yield of 1.31%. US Ecology’s dividend payout ratio is currently 31.03%.
US Ecology Company 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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