BNP Paribas Arbitrage SA raised its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 30,320.0% in the 1st quarter, Holdings Channel reports. The fund owned 4,563 shares of the business services provider’s stock after acquiring an additional 4,548 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in US Ecology were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of ECOL. Oppenheimer Asset Management Inc. lifted its stake in 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 buying an additional 188 shares in the last quarter. Redmond Asset Management LLC lifted its stake in shares of US Ecology by 0.8% during the 1st quarter. Redmond Asset Management LLC now owns 22,766 shares of the business services provider’s stock worth $1,274,000 after purchasing an additional 180 shares during the period. Brinker Capital Inc. purchased a new position in shares of US Ecology during the 1st quarter worth $253,000. Nisa Investment Advisors LLC lifted its stake in shares of US Ecology by 97.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 10,140 shares of the business services provider’s stock worth $568,000 after purchasing an additional 5,000 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of US Ecology during the 4th quarter worth $787,000. 82.87% of the stock is owned by hedge funds and other institutional investors.
Shares of US Ecology stock opened at $58.71 on Friday. US Ecology Inc has a fifty-two week low of $54.24 and a fifty-two week high of $77.15. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 25.31 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.13 and a current ratio of 2.13.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). US Ecology had a return on equity of 13.59% and a net margin of 8.39%. The business had revenue of $131.00 million for the quarter, compared to analysts’ expectations of $130.90 million. During the same period in the prior year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that US Ecology Inc will post 2.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, April 17th. US Ecology’s dividend payout ratio (DPR) is currently 31.03%.
ECOL has been the topic of a number of recent analyst reports. BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. ValuEngine lowered US Ecology from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, UBS Group raised US Ecology from a “sell” rating to a “neutral” rating and increased their price target for the stock from $56.00 to $59.00 in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $70.20.
About US Ecology
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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