CAPROCK Group Inc. bought a new position in shares of US Ecology Inc (NASDAQ:ECOL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,911 shares of the business services provider’s stock, valued at approximately $250,000.
Several other hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in US Ecology by 4.7% in the third quarter. California Public Employees Retirement System now owns 61,776 shares of the business services provider’s stock worth $3,950,000 after purchasing an additional 2,793 shares during the period. Usca Ria LLC bought a new stake in shares of US Ecology during the third quarter worth $128,000. Rice Hall James & Associates LLC bought a new stake in shares of US Ecology during the third quarter worth $18,797,000. Naples Global Advisors LLC increased its position in shares of US Ecology by 3.0% during the third quarter. Naples Global Advisors LLC now owns 17,100 shares of the business services provider’s stock worth $1,093,000 after acquiring an additional 500 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of US Ecology by 1.8% during the third quarter. Rhumbline Advisers now owns 67,851 shares of the business services provider’s stock worth $4,338,000 after acquiring an additional 1,177 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.
Shares of ECOL opened at $54.48 on Wednesday. The firm has a 50-day moving average of $61.99 and a 200-day moving average of $61.04. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market cap of $1.21 billion, a PE ratio of 23.48 and a beta of 0.53. US Ecology Inc has a one year low of $54.15 and a one year high of $72.85.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. US Ecology’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. Analysts expect that US Ecology Inc will post 2.2 earnings per share for the current year.
The business also recently announced 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, October 17th. US Ecology’s dividend payout ratio is presently 31.03%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. BidaskClub downgraded shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. ValuEngine raised shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, UBS Group decreased their target price on shares of US Ecology from $63.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. 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 stock. US Ecology currently has a consensus rating of “Hold” and a consensus target price of $65.67.
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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