US Ecology Inc (NASDAQ:ECOL) saw a significant growth in short interest in December. As of December 13th, there was short interest totalling 1,160,000 shares, a growth of 10.5% from the November 28th total of 1,050,000 shares. Based on an average daily volume of 171,000 shares, the short-interest ratio is presently 6.8 days. Approximately 6.2% of the company’s shares are sold short.
US Ecology stock opened at $57.29 on Friday. US Ecology has a 1-year low of $53.48 and a 1-year high of $67.24. 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 stock has a market cap of $1.26 billion, a PE ratio of 25.02 and a beta of 0.55. The stock’s fifty day moving average is $55.90 and its two-hundred day moving average is $60.39.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ 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. On average, research analysts expect that US Ecology will post 2.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, January 16th. US Ecology’s payout ratio is 31.03%.
A number of research analysts have commented on the company. 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 cut US Ecology from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Zacks Investment Research cut US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. Finally, BidaskClub cut US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th.
Several hedge funds have recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of US Ecology by 20.0% during the second quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after buying an additional 206 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of US Ecology during the first quarter worth about $77,000. First Mercantile Trust Co. grew its holdings 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 buying an additional 180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 buying an additional 317 shares during the last quarter. Finally, Usca Ria LLC purchased a new position in shares of US Ecology during the third quarter worth about $128,000. 89.44% of the stock is currently owned by institutional investors.
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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