Fenimore Asset Management Inc. boosted its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 262,879 shares of the business services provider’s stock after buying an additional 49,813 shares during the period. Fenimore Asset Management Inc. owned approximately 1.19% of US Ecology worth $16,808,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ECOL. Victory Capital Management Inc. raised its position in US Ecology by 8,603.0% during the second quarter. Victory Capital Management Inc. now owns 600,596 shares of the business services provider’s stock valued at $35,759,000 after purchasing an additional 593,695 shares in the last quarter. Macquarie Group Ltd. raised its position in US Ecology by 21.5% during the second quarter. Macquarie Group Ltd. now owns 924,678 shares of the business services provider’s stock valued at $55,056,000 after purchasing an additional 163,556 shares in the last quarter. Rothschild & Co. Asset Management US Inc. increased its holdings in shares of US Ecology by 47.3% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 387,808 shares of the business services provider’s stock worth $23,090,000 after buying an additional 124,458 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of US Ecology by 8.8% in 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 buying an additional 106,107 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in shares of US Ecology in the second quarter worth about $5,079,000. 87.44% of the stock is owned by institutional investors.
ECOL opened at $57.03 on Thursday. The company has a market cap of $1.35 billion, a P/E ratio of 24.58 and a beta of 0.53. The business’s 50-day moving average price is $63.04 and its 200-day moving average price is $61.18. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology Inc has a 12 month low of $54.24 and a 12 month 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 the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $161.25 million. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. US Ecology’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Equities research analysts forecast that US Ecology Inc will post 2.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 18th were paid a $0.18 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. US Ecology’s payout ratio is presently 31.03%.
ECOL has been the topic of several analyst reports. UBS Group set a $63.00 price objective on US Ecology and gave the stock a “hold” rating in a report on Friday, November 1st. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. ValuEngine upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. US Ecology currently has an average rating of “Hold” and an average target price of $67.33.
US Ecology 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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