California Public Employees Retirement System raised its holdings in shares of US Ecology Inc (NASDAQ:ECOL) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,889 shares of the business services provider’s stock after acquiring an additional 1,199 shares during the period. California Public Employees Retirement System owned approximately 0.43% of US Ecology worth $4,788,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas purchased a new position in shares of US Ecology during the 4th quarter valued at approximately $382,000. WCM Investment Management CA increased its holdings in shares of US Ecology by 500.2% during the 4th quarter. WCM Investment Management CA now owns 47,127 shares of the business services provider’s stock valued at $2,403,000 after purchasing an additional 39,275 shares in the last quarter. US Bancorp DE increased its holdings in shares of US Ecology by 25.9% during the 4th quarter. US Bancorp DE now owns 5,028 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 1,033 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of US Ecology during the 4th quarter valued at approximately $1,261,000. Finally, Congress Asset Management Co. MA increased its holdings in shares of US Ecology by 11.9% during the 4th quarter. Congress Asset Management Co. MA now owns 24,877 shares of the business services provider’s stock valued at $1,269,000 after purchasing an additional 2,653 shares in the last quarter. Institutional investors and hedge funds own 86.32% of the company’s stock.
Several equities analysts have recently weighed in on ECOL shares. Canaccord Genuity reaffirmed a “buy” rating and set a $64.00 target price on shares of US Ecology in a report on Friday, February 16th. BidaskClub lowered shares of US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BMO Capital Markets lifted their target price on shares of US Ecology from $52.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, 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 report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. US Ecology presently has a consensus rating of “Hold” and a consensus target price of $59.75.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.62 by $0.11. The company had revenue of $133.70 million during the quarter, compared to analyst estimates 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 was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. analysts expect that US Ecology Inc will post 2.21 earnings per share for the current year.
In related news, CEO Jeffrey R. Feeler sold 25,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 79,127 shares of the company’s stock, valued at approximately $4,319,542.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $58.95, for a total transaction of $176,850.00. Following the completion of the sale, the director now directly owns 25,395 shares of the company’s stock, valued at approximately $1,497,035.25. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
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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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