California State Teachers Retirement System lessened its stake in shares of US Ecology, Inc. (NASDAQ:ECOL) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,688 shares of the business services provider’s stock after selling 4,307 shares during the quarter. California State Teachers Retirement System owned about 0.18% of US Ecology worth $1,954,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of US Ecology by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after purchasing an additional 77 shares during the last quarter. State Street Corp raised its stake in shares of US Ecology by 5.7% during the second quarter. State Street Corp now owns 528,197 shares of the business services provider’s stock worth $26,669,000 after purchasing an additional 28,715 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of US Ecology during the second quarter worth approximately $2,807,000. Macquarie Group Ltd. raised 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 worth $32,937,000 after purchasing an additional 155,498 shares during the last quarter. Finally, Flinton Capital Management LLC raised its stake in shares of US Ecology by 54.3% during the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 85.12% of the company’s stock.
Several equities research analysts have recently commented on ECOL shares. Stifel Nicolaus restated a “buy” rating and set a $60.00 price target on shares of US Ecology in a research note on Sunday, July 30th. Canaccord Genuity restated a “buy” rating and set a $60.00 price target on shares of US Ecology in a research note on Friday, September 8th. BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, BMO Capital Markets cut their price objective on US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.25.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.23). The business had revenue of $135.05 million during the quarter, compared to analysts’ expectations of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. equities analysts expect that US Ecology, Inc. will post 1.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 20th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, October 19th. US Ecology’s payout ratio is 60.00%.
In other news, Director Katina Dorton purchased 600 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $47.16 per share, for a total transaction of $28,296.00. Following the completion of the transaction, the director now directly owns 3,970 shares in the company, valued at approximately $187,225.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were 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 owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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