Citadel Advisors LLC Raises Position in US Ecology, Inc. (ECOL)
Citadel Advisors LLC increased its position in shares of US Ecology, Inc. (NASDAQ:ECOL) by 144.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,481 shares of the business services provider’s stock after purchasing an additional 10,916 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of US Ecology worth $994,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Flinton Capital Management LLC increased its position in shares of US Ecology by 54.3% during the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after purchasing an additional 700 shares in the last quarter. First Mercantile Trust Co. grew its holdings in US Ecology by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock valued at $106,000 after buying an additional 40 shares in the last quarter. Vestor Capital LLC purchased a new stake in US Ecology in the 2nd quarter valued at $116,000. Pinebridge Investments L.P. grew its holdings in US Ecology by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock valued at $145,000 after buying an additional 32 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in US Ecology by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock valued at $165,000 after buying an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
ECOL has been the subject of several analyst reports. Canaccord Genuity restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Friday, October 6th. BMO Capital Markets dropped their target price on US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a report on Monday, October 30th. Zacks Investment Research cut US Ecology from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $51.25.
Shares of US Ecology, Inc. (NASDAQ ECOL) opened at $50.55 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1,102.29, a price-to-earnings ratio of 37.65 and a beta of 0.71. US Ecology, Inc. has a twelve month low of $44.50 and a twelve month high of $55.75.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.23). The business had revenue of $135.05 million for the quarter, compared to analysts’ expectations of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. equities research analysts anticipate that US Ecology, Inc. will post 1.61 earnings per share for the current year.
In other news, CEO Jeffrey R. Feeler sold 3,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total transaction of $151,680.00. Following the completion of the transaction, the chief executive officer now directly owns 54,925 shares in the company, valued at approximately $2,777,008. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
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US Ecology 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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