Bank of New York Mellon Corp lowered its position in shares of US Ecology Inc (NASDAQ:ECOL) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,181 shares of the business services provider’s stock after selling 5,150 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.37% of US Ecology worth $16,150,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Flinton Capital Management LLC grew its position in US Ecology by 54.3% in the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after acquiring an additional 700 shares during the period. First Mercantile Trust Co. grew its position in US Ecology by 2.0% in the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock worth $106,000 after acquiring an additional 40 shares during the period. Vestor Capital LLC purchased a new position in US Ecology in the second quarter worth approximately $116,000. Pinebridge Investments L.P. grew its position in US Ecology by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after acquiring an additional 32 shares during the period. Finally, Victory Capital Management Inc. grew its position in US Ecology by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock worth $165,000 after acquiring an additional 488 shares during the period. 87.79% of the stock is owned by hedge funds and other institutional investors.
ECOL has been the subject of several analyst reports. Zacks Investment Research upgraded US Ecology from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Stifel Nicolaus restated a “buy” rating and set a $60.00 price target on shares of US Ecology in a research report on Friday, October 6th. BMO Capital Markets lowered their price target 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. Canaccord Genuity reiterated a “buy” rating and issued a $57.00 target price (down from $60.00) on shares of US Ecology in a report on Monday, October 30th. Finally, BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.80.
US Ecology Inc (NASDAQ ECOL) remained flat at $$50.70 on Thursday. The stock had a trading volume of 302,986 shares, compared to its average volume of 96,648. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.00 and a quick ratio of 2.00. US Ecology Inc has a 12-month low of $44.50 and a 12-month high of $55.75. The firm has a market cap of $1,160.00, a price-to-earnings ratio of 42.25 and a beta of 0.71.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results 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). US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The company had revenue of $135.05 million during the quarter, compared to analyst estimates of $135.29 million. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue was up 8.2% on a year-over-year basis. equities research analysts predict that US Ecology Inc will post 1.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 18th. US Ecology’s dividend payout ratio (DPR) is 60.00%.
In other news, CEO Jeffrey R. Feeler sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total transaction of $151,680.00. Following the sale, the chief executive officer now owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.
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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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