Commerce Bank grew its position in shares of US Ecology Inc (NASDAQ:ECOL) by 11.2% in the 1st quarter, Holdings Channel reports. The firm owned 9,600 shares of the business services provider’s stock after acquiring an additional 970 shares during the quarter. Commerce Bank’s holdings in US Ecology were worth $537,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in ECOL. Morgan Stanley raised its holdings in US Ecology by 9.0% in the 3rd quarter. Morgan Stanley now owns 78,020 shares of the business services provider’s stock valued at $5,754,000 after acquiring an additional 6,464 shares during the last quarter. Vanguard Group Inc. raised its holdings in US Ecology by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,312,412 shares of the business services provider’s stock valued at $96,791,000 after acquiring an additional 18,070 shares during the last quarter. Quantamental Technologies LLC acquired a new position in US Ecology in the 4th quarter valued at $63,000. Arizona State Retirement System raised its holdings in US Ecology by 6.4% in the 4th quarter. Arizona State Retirement System now owns 33,941 shares of the business services provider’s stock valued at $2,138,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in US Ecology in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 82.30% of the company’s stock.
Several research analysts have weighed in on ECOL shares. BidaskClub upgraded US Ecology from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. UBS Group upgraded US Ecology from a “sell” rating to a “neutral” rating and boosted their price target for the company from $56.00 to $59.00 in a report on Thursday, April 4th. ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Finally, Zacks Investment Research raised shares of US Ecology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.20.
Shares of NASDAQ ECOL opened at $59.13 on Wednesday. US Ecology Inc has a 52-week low of $54.24 and a 52-week high of $77.15. The firm has a market cap of $1.30 billion, a PE ratio of 26.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.13 and a quick ratio of 2.13.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.10). US Ecology had a net margin of 8.39% and a return on equity of 13.59%. The company had revenue of $131.00 million for the quarter, compared to analysts’ expectations of $130.90 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that US Ecology Inc will post 2.23 EPS for the current fiscal year.
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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.
Further Reading: What are Institutional Investors?
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