California Public Employees Retirement System lessened its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,479 shares of the business services provider’s stock after selling 4,408 shares during the quarter. California Public Employees Retirement System owned approximately 0.31% of US Ecology worth $4,313,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Karp Capital Management Corp bought a new stake in US Ecology during the 4th quarter valued at $28,000. Oppenheimer Asset Management Inc. bought a new stake in US Ecology during the 4th quarter valued at $55,000. Quantamental Technologies LLC bought a new stake in US Ecology during the 4th quarter valued at $63,000. LS Investment Advisors LLC boosted its position in US Ecology by 114.8% during the 4th quarter. LS Investment Advisors LLC now owns 1,366 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 730 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in US Ecology during the 3rd quarter valued at $191,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.
US Ecology stock opened at $55.78 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $1.23 billion, a PE ratio of 24.04 and a beta of 0.51. US Ecology Inc has a 1-year low of $51.65 and a 1-year high of $77.15.
A number of analysts have recently weighed in on ECOL shares. BMO Capital Markets lowered their price objective on US Ecology to $71.00 and set a “reduce” rating for the company in a research report on Wednesday, November 21st. BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research cut US Ecology from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, ValuEngine cut US Ecology from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $70.60.
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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