Rhumbline Advisers boosted its position in US Ecology Inc (NASDAQ:ECOL) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 67,851 shares of the business services provider’s stock after acquiring an additional 1,177 shares during the period. Rhumbline Advisers’ holdings in US Ecology were worth $4,338,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. American Research & Management Co. bought a new position in US Ecology in the second quarter worth about $36,000. US Bancorp DE raised its holdings in US Ecology by 20.0% in the second quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after purchasing an additional 206 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of US Ecology during the first quarter worth about $77,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of US Ecology by 27.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock worth $94,000 after acquiring an additional 317 shares during the last quarter. Finally, First Mercantile Trust Co. grew its stake in shares of US Ecology by 13.5% during the second quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock worth $90,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.
A number of equities research analysts have recently weighed in on ECOL shares. UBS Group set a $63.00 price target on US Ecology and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine upgraded US Ecology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $67.33.
Shares of ECOL stock opened at $60.95 on Friday. US Ecology Inc has a fifty-two week low of $54.24 and a fifty-two week high of $72.85. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 26.27 and a beta of 0.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.08 and a current ratio of 2.03. The stock’s 50-day simple moving average is $63.36 and its 200-day simple moving average is $61.18.
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 Zacks’ 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 business had revenue of $167.40 million for the quarter, compared to analyst estimates of $161.25 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that US Ecology Inc will post 2.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.18%. US Ecology’s payout ratio is 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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