US Ecology, Inc. (NASDAQ:ECOL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in US Ecology, Inc. (NASDAQ:ECOL) by 75.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,686 shares of the business services provider’s stock after selling 48,514 shares during the period. California Public Employees Retirement System’s holdings in US Ecology were worth $589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of US Ecology by 2.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,122,918 shares of the business services provider’s stock valued at $42,133,000 after purchasing an additional 22,328 shares in the last quarter. Geode Capital Management LLC raised its position in shares of US Ecology by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 541,745 shares of the business services provider’s stock valued at $20,326,000 after acquiring an additional 17,580 shares in the last quarter. Bank of Montreal Can raised its position in shares of US Ecology by 19.7% during the 2nd quarter. Bank of Montreal Can now owns 10,427 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 1,717 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of US Ecology by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,105 shares of the business services provider’s stock valued at $679,000 after acquiring an additional 319 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its position in shares of US Ecology by 1,670.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 708 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 668 shares in the last quarter. 87.46% of the stock is currently owned by institutional investors.

Shares of NASDAQ ECOL opened at $31.28 on Thursday. US Ecology, Inc. has a 1-year low of $29.57 and a 1-year high of $45.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.12 and a quick ratio of 2.12. The business’s fifty day moving average price is $34.39 and its two-hundred day moving average price is $37.51. The firm has a market capitalization of $985.70 million, a PE ratio of -10.68 and a beta of 1.19.

US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, July 29th. The business services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.06). US Ecology had a positive return on equity of 2.33% and a negative net margin of 9.60%. The company had revenue of $240.77 million during the quarter, compared to analyst estimates of $237.70 million. Equities research analysts expect that US Ecology, Inc. will post 0.5 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, October 20th. BMO Capital Markets dropped their price target on US Ecology from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 6th. Finally, Stifel Nicolaus lowered US Ecology from a “buy” rating to a “hold” rating and dropped their price target for the company from $42.00 to $31.00 in a research report on Tuesday, October 19th.

About US Ecology

US Ecology, Inc engages in the provision of environmental services to commercial and government entities. It operates through the following segments: Waste Solutions; Field Services; and Energy Waste. The Waste Solutions segment include a range of specialty material management services including transportation, recycling, treatment and disposal of hazardous, non-hazardous, E&P and radioactive waste at company-owned 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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