US Ecology Inc (NASDAQ:ECOL) saw a significant drop in short interest in November. As of November 29th, there was short interest totalling 1,050,000 shares, a drop of 21.1% from the November 14th total of 1,330,000 shares. Based on an average trading volume of 158,800 shares, the short-interest ratio is currently 6.6 days. Currently, 6.0% of the shares of the stock are short sold.
ECOL has been the subject of several research reports. ValuEngine downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. BidaskClub lowered shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. Finally, UBS Group set a $63.00 price target on US Ecology and gave the company a “hold” rating in a report on Friday, November 1st.
Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in 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 acquiring an additional 206 shares during the period. Marshall Wace LLP purchased a new stake in US Ecology during the first quarter worth $77,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in US Ecology by 27.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 317 shares in the last quarter. First Mercantile Trust Co. boosted its position in US Ecology by 13.5% during the 2nd quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 180 shares in the last quarter. Finally, Usca Ria LLC purchased a new position in shares of US Ecology in the 3rd quarter valued at $128,000. 89.44% of the stock is currently owned by institutional investors.
Shares of NASDAQ:ECOL traded up $0.18 during trading hours on Thursday, hitting $57.18. 130,300 shares of the company’s stock traded hands, compared to its average volume of 123,503. 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 business has a fifty day moving average price of $57.11 and a 200-day moving average price of $60.64. US Ecology has a 1 year low of $53.48 and a 1 year high of $67.24. The firm has a market capitalization of $1.23 billion, a P/E ratio of 24.65 and a beta of 0.54.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $161.25 million. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, equities analysts predict that US Ecology will post 2.2 earnings per share for the current year.
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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