6 Meridian increased its holdings in US Ecology Inc (NASDAQ:ECOL) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,171 shares of the business services provider’s stock after acquiring an additional 446 shares during the quarter. 6 Meridian’s holdings in US Ecology were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Mercantile Trust Co. increased its stake in shares of US Ecology by 11.6% during the third quarter. First Mercantile Trust Co. now owns 1,685 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 175 shares in the last quarter. US Bancorp DE lifted its stake in shares of US Ecology by 20.0% in 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 in 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 valued at $94,000 after buying an additional 317 shares during the last quarter. California State Teachers Retirement System increased its position in shares of US Ecology by 1.2% during the third quarter. California State Teachers Retirement System now owns 34,380 shares of the business services provider’s stock valued at $2,198,000 after acquiring an additional 411 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its position in US Ecology by 3.0% in the 3rd quarter. Naples Global Advisors LLC now owns 17,100 shares of the business services provider’s stock valued at $1,093,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. UBS Group set a $63.00 target price on US Ecology and gave the company a “hold” rating in a report on Friday, November 1st. BidaskClub downgraded shares of US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Finally, Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 16th.
NASDAQ ECOL opened at $54.55 on Friday. The stock’s 50 day moving average is $56.19 and its 200 day moving average is $59.89. US Ecology Inc has a 12 month low of $53.43 and a 12 month high of $67.24. The stock has a market cap of $1.22 billion, a PE ratio of 24.12 and a beta of 0.55. 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 (NASDAQ:ECOL) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The business had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts forecast that US Ecology Inc will post 2.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, January 16th. US Ecology’s payout ratio is 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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