UBS Asset Management Americas Inc. grew its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 13.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,887 shares of the business services provider’s stock after purchasing an additional 1,288 shares during the period. UBS Asset Management Americas Inc.’s holdings in US Ecology were worth $648,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in ECOL. Rothschild & Co. Asset Management US Inc. raised its position 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 in the last quarter. Silvercrest Asset Management Group LLC raised its position 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 in the last quarter. Nordea Investment Management AB purchased a new stake in shares of US Ecology in the first quarter worth $3,932,000. Syquant Capital Sas purchased a new stake in shares of US Ecology in the second quarter worth $1,881,000. Finally, Public Employees Retirement Association of Colorado raised its position in shares of US Ecology by 12.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 252,033 shares of the business services provider’s stock worth $15,006,000 after buying an additional 27,389 shares in the last quarter. 85.91% of the stock is owned by institutional investors.
Shares of NASDAQ:ECOL traded up $0.04 on Friday, reaching $60.95. 68,400 shares of the company traded hands, compared to its average volume of 115,709. The company has a current ratio of 2.03, a quick ratio of 2.08 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.35 billion, a P/E ratio of 26.27 and a beta of 0.53. US Ecology Inc has a 52 week low of $54.24 and a 52 week high of $72.85. The business’s 50-day simple moving average is $63.41 and its 200 day simple moving average is $61.17.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $167.40 million during the quarter, compared to analyst estimates of $161.25 million. During the same period last year, the business posted $0.61 earnings per share. US Ecology’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that US Ecology Inc will post 2.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 18th were issued a $0.18 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.72 annualized dividend and a yield of 1.18%. US Ecology’s dividend payout ratio (DPR) is presently 31.03%.
A number of brokerages recently issued reports on ECOL. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine upgraded US Ecology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. UBS Group set a $63.00 price target on US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $67.33.
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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