US Ecology Inc (NASDAQ:ECOL) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lessened its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 25.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,804 shares of the business services provider’s stock after selling 3,290 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in US Ecology were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Rothschild & Co. Asset Management US Inc. boosted its holdings in shares of US Ecology by 47.3% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 387,808 shares of the business services provider’s stock worth $23,090,000 after purchasing an additional 124,458 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of US Ecology by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 254,447 shares of the business services provider’s stock worth $16,025,000 after purchasing an additional 22,292 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of US Ecology by 12.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 252,033 shares of the business services provider’s stock worth $15,006,000 after purchasing an additional 27,389 shares during the last quarter. Fenimore Asset Management Inc. boosted its holdings in shares of US Ecology by 0.7% during the second quarter. Fenimore Asset Management Inc. now owns 213,066 shares of the business services provider’s stock worth $12,686,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of US Ecology by 20.0% during the first quarter. Martingale Asset Management L P now owns 100,708 shares of the business services provider’s stock worth $5,639,000 after purchasing an additional 16,800 shares during the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Shares of ECOL traded up $0.97 during trading hours on Thursday, hitting $62.01. The stock had a trading volume of 4,665 shares, compared to its average volume of 84,034. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $1.36 billion, a P/E ratio of 26.73 and a beta of 0.52. The company’s fifty day simple moving average is $61.24 and its 200 day simple moving average is $59.51. US Ecology Inc has a 12-month low of $54.24 and a 12-month high of $77.15.

US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.66 earnings per share 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 analyst estimates of $147.60 million. US Ecology had a return on equity of 13.59% and a net margin of 8.50%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, sell-side analysts predict that US Ecology Inc will post 2.26 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on ECOL shares. Zacks Investment Research upgraded US Ecology from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, August 6th. ValuEngine upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Two equities research 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 stock presently has a consensus rating of “Hold” and an average target price of $66.00.

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

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