Wolverine Asset Management LLC trimmed its stake in US Ecology, Inc. (NASDAQ:ECOL – Get Rating) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,390 shares of the business services provider’s stock after selling 266 shares during the quarter. Wolverine Asset Management LLC’s holdings in US Ecology were worth $108,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of ECOL. Moors & Cabot Inc. acquired a new position in shares of US Ecology in the 3rd quarter worth $51,000. Captrust Financial Advisors grew its holdings in shares of US Ecology by 28.2% in the 3rd quarter. Captrust Financial Advisors now owns 1,766 shares of the business services provider’s stock worth $57,000 after acquiring an additional 389 shares during the last quarter. Huntington National Bank grew its holdings in shares of US Ecology by 53.9% in the 4th quarter. Huntington National Bank now owns 2,363 shares of the business services provider’s stock worth $75,000 after acquiring an additional 828 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of US Ecology during the first quarter valued at $77,000. Finally, Royal Bank of Canada grew its holdings in shares of US Ecology by 273.6% during the second quarter. Royal Bank of Canada now owns 2,630 shares of the business services provider’s stock valued at $98,000 after buying an additional 1,926 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded US Ecology from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. StockNews.com assumed coverage on US Ecology in a report on Thursday. They set a “hold” rating on the stock. Finally, UBS Group downgraded US Ecology from a “buy” rating to a “neutral” rating in a report on Thursday, February 10th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.67.
US Ecology (NASDAQ:ECOL – Get Rating) last released its quarterly earnings data on Friday, February 25th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.12). The firm had revenue of $261.40 million for the quarter, compared to analyst estimates of $252.28 million. US Ecology had a net margin of 0.54% and a return on equity of 1.89%. US Ecology’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. As a group, sell-side analysts forecast that US Ecology, Inc. will post 0.68 earnings per share for the current fiscal year.
US Ecology Profile (Get Rating)
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, Europe, the Middle East, Africa, Mexico, and internationally. It operates through three segments: Waste Solutions, Field Services, and Energy Waste. The Waste Solutions segment offers specialty waste management services, including treatment, disposal, beneficial re-use, and recycling of hazardous, non-hazardous, and other specialty waste at company-owned treatment, storage, and disposal facilities, as well as wastewater treatment services.
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