FDx Advisors Inc. purchased a new stake in US Ecology Inc (NASDAQ:ECOL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,784 shares of the business services provider’s stock, valued at approximately $244,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ECOL. US Bancorp DE boosted its holdings in shares of US Ecology by 25.9% in the 4th quarter. US Bancorp DE now owns 5,028 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 1,033 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of US Ecology in the 4th quarter valued at $382,000. Crossmark Global Holdings Inc. purchased a new stake in shares of US Ecology in the 3rd quarter valued at $437,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of US Ecology by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,190 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 3,040 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in US Ecology by 68.3% during the third quarter. BNP Paribas Arbitrage SA now owns 11,154 shares of the business services provider’s stock worth $600,000 after buying an additional 4,527 shares in the last quarter. Hedge funds and other institutional investors own 86.32% of the company’s stock.
A number of equities analysts have weighed in on the stock. UBS Group assumed coverage on shares of US Ecology in a research report on Wednesday. They issued a “sell” rating for the company. BidaskClub lowered shares of US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $64.00 target price on shares of US Ecology in a research note on Friday, February 16th. Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, January 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $52.00 price objective on shares of US Ecology in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. US Ecology presently has a consensus rating of “Hold” and an average price target of $59.75.
In related news, CEO Jeffrey R. Feeler sold 25,000 shares of US Ecology stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $54.59, for a total value of $1,364,750.00. Following the transaction, the chief executive officer now directly owns 79,127 shares in the company, valued at approximately $4,319,542.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven D. Welling sold 3,742 shares of US Ecology stock in a transaction on Friday, March 9th. The shares were sold at an average price of $55.65, for a total transaction of $208,242.30. Following the completion of the transaction, the executive vice president now owns 26,732 shares in the company, valued at $1,487,635.80. The disclosure for this sale can be found here. Insiders sold a total of 35,742 shares of company stock worth $1,972,642 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
Shares of US Ecology Inc (NASDAQ:ECOL) traded up $0.50 during trading hours on Wednesday, reaching $56.00. 68,005 shares of the company traded hands, compared to its average volume of 101,928. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.85. US Ecology Inc has a 52-week low of $44.50 and a 52-week high of $59.70. The firm has a market capitalization of $1,223.93, a PE ratio of 24.89 and a beta of 0.69.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.11. The company had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $132.09 million. US Ecology had a net margin of 9.79% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. research analysts predict that US Ecology Inc will post 2.21 EPS for the current fiscal year.
US Ecology Company Profile
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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