State Board of Administration of Florida Retirement System Trims Stake in US Ecology Inc (NASDAQ:ECOL)

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State Board of Administration of Florida Retirement System reduced its position in US Ecology Inc (NASDAQ:ECOL) by 25.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,804 shares of the business services provider’s stock after selling 3,290 shares during the period. State Board of Administration of Florida Retirement System’s holdings in US Ecology were worth $584,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. American Research & Management Co. purchased a new stake in shares of US Ecology in the 2nd quarter valued at about $36,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of US Ecology by 21.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,060 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 188 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of US Ecology in the 1st quarter valued at about $77,000. Crossmark Global Holdings Inc. purchased a new stake in shares of US Ecology in the 2nd quarter valued at about $204,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of US Ecology in the 2nd quarter valued at about $209,000. 81.42% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on ECOL. ValuEngine raised US Ecology from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, August 6th. Finally, BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.00.

ECOL traded up $0.97 on Thursday, hitting $62.01. 4,665 shares of the company traded hands, compared to its average volume of 84,034. The company has a 50 day moving average of $61.24 and a 200-day moving average of $59.51. 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 $1.36 billion, a PE ratio of 26.73 and a beta of 0.52. US Ecology Inc has a 12-month low of $54.24 and a 12-month high of $77.15.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $155.80 million during the quarter, compared to the consensus estimate of $147.60 million. US Ecology had a return on equity of 13.59% and a net margin of 8.50%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. On average, research analysts anticipate that US Ecology Inc will post 2.26 EPS for the current year.

US Ecology 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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Institutional Ownership by Quarter for US Ecology (NASDAQ:ECOL)

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