State Street Corp boosted its stake in shares of US Ecology, Inc. (NASDAQ:ECOL) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 528,197 shares of the business services provider’s stock after acquiring an additional 28,715 shares during the quarter. State Street Corp owned about 2.42% of US Ecology worth $26,669,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of ECOL. BlackRock Inc. increased its stake in US Ecology by 133,529.0% during the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock worth $121,579,000 after acquiring an additional 2,593,133 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of US Ecology by 31.3% during the second quarter. Macquarie Group Ltd. now owns 652,225 shares of the business services provider’s stock valued at $32,937,000 after buying an additional 155,498 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of US Ecology by 866.1% during the second quarter. Goldman Sachs Group Inc. now owns 130,602 shares of the business services provider’s stock valued at $6,596,000 after buying an additional 117,083 shares during the last quarter. Nicholas Company Inc. grew its stake in shares of US Ecology by 351.7% during the second quarter. Nicholas Company Inc. now owns 102,740 shares of the business services provider’s stock valued at $5,188,000 after buying an additional 79,995 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK grew its stake in shares of US Ecology by 7.4% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock valued at $52,605,000 after buying an additional 71,411 shares during the last quarter. 85.12% of the stock is currently owned by institutional investors.
ECOL has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 target price on shares of US Ecology in a research note on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 target price on shares of US Ecology in a research note on Friday, September 8th. Zacks Investment Research cut US Ecology from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BMO Capital Markets cut their target price on US Ecology from $54.00 to $47.00 and set a “market perform” rating on the stock in a research note on Monday, October 30th. Finally, BidaskClub cut US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Three investment 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. US Ecology presently has an average rating of “Hold” and a consensus price target of $51.25.
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US Ecology, Inc. (NASDAQ:ECOL) opened at $46.00 on Tuesday. US Ecology, Inc. has a 52 week low of $42.65 and a 52 week high of $55.75. The stock has a market capitalization of $1,013.80, a P/E ratio of 34.63, a P/E/G ratio of 5.76 and a beta of 0.70. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.94.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.23). US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm had revenue of $135.05 million during the quarter, compared to the consensus estimate of $135.29 million. During the same period last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. analysts expect that US Ecology, Inc. will post 1.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 20th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.72 annualized dividend and a yield of 1.57%. US Ecology’s dividend payout ratio (DPR) is currently 60.00%.
In other news, Director Katina Dorton acquired 600 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $47.16 per share, with a total value of $28,296.00. Following the completion of the purchase, the director now directly owns 3,970 shares in the company, valued at $187,225.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric L. Gerratt sold 19,936 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the transaction, the chief financial officer now directly owns 31,447 shares in the company, valued at approximately $1,471,719.60. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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