Wells Fargo & Company MN increased its holdings in US Ecology Inc (NASDAQ:ECOL) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,500 shares of the business services provider’s stock after buying an additional 12,879 shares during the quarter. Wells Fargo & Company MN owned about 0.27% of US Ecology worth $3,148,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Pinebridge Investments L.P. grew its holdings in US Ecology by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after buying an additional 32 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in US Ecology by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after buying an additional 77 shares in the last quarter. Victory Capital Management Inc. grew its holdings in US Ecology by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock worth $165,000 after buying an additional 488 shares in the last quarter. Flinton Capital Management LLC grew its holdings in US Ecology by 54.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after buying an additional 700 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in US Ecology by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,544 shares of the business services provider’s stock worth $4,573,000 after buying an additional 750 shares in the last quarter. 87.79% of the stock is owned by institutional investors and hedge funds.
US Ecology Inc (NASDAQ ECOL) opened at $50.70 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $1,160.00, a price-to-earnings ratio of 42.25 and a beta of 0.71. US Ecology Inc has a one year low of $44.50 and a one year high of $55.75.
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 analysts’ consensus estimates of $0.60 by ($0.23). The firm had revenue of $135.05 million for the quarter, compared to the consensus estimate of $135.29 million. US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. 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. Shareholders of record on Friday, January 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, January 18th. US Ecology’s payout ratio is currently 60.00%.
A number of brokerages recently issued reports on ECOL. Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a report on Friday, October 6th. BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets decreased their price target on US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a research note on Monday, October 30th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $57.00 price target (down from $60.00) on shares of US Ecology in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.80.
In other US Ecology news, CEO Jeffrey R. Feeler sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.
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US Ecology Company Profile
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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