Probity Advisors Inc. lessened its stake in US Ecology, Inc. (NASDAQ:ECOL) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,152 shares of the business services provider’s stock after selling 1,692 shares during the quarter. Probity Advisors Inc.’s holdings in US Ecology were worth $266,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in ECOL. Horan Capital Advisors LLC. bought a new position in shares of US Ecology during the third quarter valued at about $33,000. Advisor Group Holdings Inc. bought a new position in US Ecology during the first quarter valued at approximately $34,000. Nisa Investment Advisors LLC bought a new position in US Ecology during the third quarter valued at approximately $36,000. Paradigm Asset Management Co. LLC bought a new position in US Ecology during the second quarter valued at approximately $56,000. Finally, Marshall Wace LLP bought a new position in US Ecology during the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 85.15% of the company’s stock.
ECOL has been the topic of a number of research analyst reports. BidaskClub upgraded shares of US Ecology from a “sell” rating to a “hold” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Monday, August 10th. UBS Group decreased their price target on shares of US Ecology from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, BMO Capital Markets increased their price target on shares of US Ecology from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $50.00.
ECOL traded down $1.24 during trading on Tuesday, hitting $34.77. The company’s stock had a trading volume of 457 shares, compared to its average volume of 249,096. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.27. US Ecology, Inc. has a one year low of $24.94 and a one year high of $58.36. The firm has a market cap of $1.13 billion, a PE ratio of -3.75 and a beta of 1.20. The business’s 50 day simple moving average is $33.54 and its 200-day simple moving average is $34.06.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13. The business had revenue of $238.10 million for the quarter, compared to the consensus estimate of $237.85 million. US Ecology had a negative net margin of 34.42% and a positive return on equity of 4.11%. The company’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Equities research analysts expect that US Ecology, Inc. will post 0.5 EPS for the current fiscal year.
US Ecology Company Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, Europe, the Middle East, Africa, Mexico, internationally. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers specialty material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, E&P, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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