State of Alaska Department of Revenue lifted its position in shares of US Ecology Inc (NASDAQ:ECOL) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,219 shares of the business services provider’s stock after buying an additional 2,248 shares during the quarter. State of Alaska Department of Revenue owned about 0.09% of US Ecology worth $1,112,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in US Ecology by 0.4% during the second quarter. BlackRock Inc. now owns 3,188,445 shares of the business services provider’s stock worth $189,841,000 after acquiring an additional 11,670 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of US Ecology by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,402,130 shares of the business services provider’s stock valued at $83,483,000 after buying an additional 13,644 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of US Ecology by 21.5% in the second quarter. Macquarie Group Ltd. now owns 924,678 shares of the business services provider’s stock valued at $55,056,000 after buying an additional 163,556 shares in the last quarter. State Street Corp lifted its stake in shares of US Ecology by 0.9% in the third quarter. State Street Corp now owns 639,685 shares of the business services provider’s stock valued at $40,901,000 after buying an additional 5,939 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of US Ecology by 8,603.0% in 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 buying an additional 593,695 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 16th. UBS Group set a $63.00 price objective on shares of US Ecology and gave the company a “hold” rating in a research note on Friday, November 1st. ValuEngine lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, BidaskClub lowered shares of US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th.
Shares of ECOL stock traded down $2.10 on Friday, hitting $51.87. The stock had a trading volume of 206,946 shares, compared to its average volume of 128,800. The business has a 50 day moving average of $55.65 and a 200 day moving average of $59.41. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 22.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. US Ecology Inc has a 12-month low of $51.26 and a 12-month high of $67.24.
The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.39%. US Ecology’s dividend payout ratio is currently 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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