US Ecology Inc (ECOL) : Manor Road Capital Partners reduced its stake in US Ecology Inc by 33.33% during the most recent quarter end. The investment management company now holds a total of 550,000 shares of US Ecology Inc which is valued at $23,760,000 after selling 275,000 shares in US Ecology Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.US Ecology Inc makes up approximately 3.49% of Manor Road Capital Partners’s portfolio.
Other Hedge Funds, Including , Sheets Smith Wealth Management boosted its stake in ECOL in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 89,187 shares of US Ecology Inc which is valued at $3,852,878. US Ecology Inc makes up approx 1.12% of Sheets Smith Wealth Management’s portfolio.Dynamic Technology Lab Private Ltd reduced its stake in ECOL by selling 755 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 15,951 shares of ECOL which is valued at $689,083. US Ecology Inc makes up approx 0.18% of Dynamic Technology Lab Private Ltd’s portfolio.Mondrian Investment Partners Ltd reduced its stake in ECOL by selling 10,785 shares or 20.82% in the most recent quarter. The Hedge Fund company now holds 41,022 shares of ECOL which is valued at $1,813,583. US Ecology Inc makes up approx 0.04% of Mondrian Investment Partners Ltd’s portfolio.Msi Financial Services Inc reduced its stake in ECOL by selling 51 shares or 77.27% in the most recent quarter. The Hedge Fund company now holds 15 shares of ECOL which is valued at $729.Ls Investment Advisors boosted its stake in ECOL in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 818 shares of US Ecology Inc which is valued at $38,953.
US Ecology Inc closed down -0.05 points or -0.11% at $44.81 with 91,840 shares getting traded on Thursday. Post opening the session at $45.1, the shares hit an intraday low of $44.35 and an intraday high of $45.13 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, US Ecology Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.42. The company had revenue of $122.30 million for the quarter, compared to analysts expectations of $122.54 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on US Ecology Inc. Shares were Downgraded by Barclays on Aug 9, 2016 to ” Underweight” and Lowered the Price Target to $ 40 from a previous price target of $48 .Barclays Initiated US Ecology Inc on May 18, 2016 to “Equal Weight”, Price Target of the shares are set at $48.
US Ecology Inc. (US Ecology) is a North American provider of environmental services to commercial and government entities. The Company operates in two business segments: Environmental Services and Field & Industrial Services. The Environmental Services segment includes all of the legacy US Ecology operations and the legacy EQ treatment and disposal facilities. It provides a range of hazardous material management services including transportation recycling treatment and disposal of hazardous and non-hazardous waste at Company-owned landfill wastewater and other treatment facilities. The Field & Industrial Services segment includes all of the field and industrial service business of the legacy EQ operation. It provides packaging and collection of hazardous waste and total waste management solutions at customer sites and through its 10-day transfer facilities.