US Ecology Inc (NASDAQ:ECOL) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,216,900 shares, an increase of 11.8% from the July 31st total of 1,088,400 shares. Based on an average trading volume of 128,800 shares, the short-interest ratio is currently 9.4 days. Approximately 5.6% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently modified their holdings of the company. American Research & Management Co. acquired a new stake in shares of US Ecology during the 2nd quarter valued at $36,000. US Bancorp DE boosted its holdings in shares of US Ecology by 20.0% during the 2nd quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 206 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of US Ecology during the 1st quarter valued at $77,000. First Mercantile Trust Co. boosted its holdings in shares of 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, Bank of Montreal Can boosted its holdings in shares of US Ecology by 199.7% during the 2nd quarter. Bank of Montreal Can now owns 3,075 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 2,049 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.
Several equities analysts have recently issued reports on ECOL shares. Zacks Investment Research upgraded US Ecology from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, August 6th. BidaskClub upgraded US Ecology from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, ValuEngine upgraded US Ecology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. US Ecology presently has a consensus rating of “Hold” and an average price target of $66.00.
Shares of ECOL traded down $0.55 during midday trading on Friday, hitting $64.21. The company’s stock had a trading volume of 53,260 shares, compared to its average volume of 84,018. US Ecology has a one year low of $54.24 and a one year high of $76.65. The company’s fifty day simple moving average is $61.37 and its two-hundred day simple moving average is $59.45. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.68 and a beta of 0.52.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. US Ecology had a return on equity of 13.59% and a net margin of 8.50%. The company had revenue of $155.80 million for the quarter, compared to analyst estimates of $147.60 million. During the same quarter last year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts predict that US Ecology will post 2.26 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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