6 Meridian Buys New Shares in US Ecology Inc (NASDAQ:ECOL)

6 Meridian bought a new stake in shares of US Ecology Inc (NASDAQ:ECOL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,980 shares of the business services provider’s stock, valued at approximately $1,662,000. 6 Meridian owned approximately 0.12% of US Ecology as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC lifted its stake in shares of US Ecology by 16.7% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 20,975 shares of the business services provider’s stock valued at $1,344,000 after buying an additional 3,000 shares in the last quarter. Fenimore Asset Management Inc. lifted its stake in shares of US Ecology by 23.4% during the 3rd quarter. Fenimore Asset Management Inc. now owns 262,879 shares of the business services provider’s stock valued at $16,808,000 after buying an additional 49,813 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of US Ecology by 27.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock valued at $94,000 after buying an additional 317 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of US Ecology during the 3rd quarter valued at $330,000. Finally, State of Alaska Department of Revenue lifted its stake in US Ecology by 125.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,971 shares of the business services provider’s stock worth $1,085,000 after purchasing an additional 9,459 shares in the last quarter. Institutional investors own 85.90% of the company’s stock.

Shares of ECOL stock opened at $66.54 on Thursday. The stock has a market cap of $1.47 billion, a P/E ratio of 28.68 and a beta of 0.56. US Ecology Inc has a 52 week low of $54.24 and a 52 week high of $75.62. 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 company’s fifty day simple moving average is $63.46 and its two-hundred day simple moving average is $60.84.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 18th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, October 17th. US Ecology’s payout ratio is currently 31.03%.

ECOL has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of US Ecology from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, BidaskClub cut shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. US Ecology currently has an average rating of “Hold” and a consensus price target of $66.00.

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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