Wells Fargo & Company MN lifted its stake in shares of US Ecology Inc (NASDAQ:ECOL) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,500 shares of the business services provider’s stock after acquiring an additional 12,879 shares during the quarter. Wells Fargo & Company MN owned approximately 0.27% of US Ecology worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in shares of US Ecology by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,190 shares of the business services provider’s stock worth $441,000 after acquiring an additional 3,040 shares during the last quarter. Teachers Advisors LLC grew its stake in US Ecology by 7.5% during the second quarter. Teachers Advisors LLC now owns 39,364 shares of the business services provider’s stock worth $1,988,000 after purchasing an additional 2,743 shares during the period. Vanguard Group Inc. grew its stake in US Ecology by 3.3% during the second quarter. Vanguard Group Inc. now owns 1,181,278 shares of the business services provider’s stock worth $59,654,000 after purchasing an additional 37,488 shares during the period. BNP Paribas Arbitrage SA grew its stake in US Ecology by 68.3% during the third quarter. BNP Paribas Arbitrage SA now owns 11,154 shares of the business services provider’s stock worth $600,000 after purchasing an additional 4,527 shares during the period. Finally, Nicholas Company Inc. grew its stake in US Ecology by 351.7% during the second quarter. Nicholas Company Inc. now owns 102,740 shares of the business services provider’s stock worth $5,188,000 after purchasing an additional 79,995 shares during the period. Institutional investors own 87.32% of the company’s stock.
ECOL has been the subject of several recent analyst reports. Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. BMO Capital Markets decreased their target price 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. Canaccord Genuity reissued a “buy” rating and issued a $57.00 price objective (down previously from $60.00) on shares of US Ecology in a research note on Monday, October 30th. BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. US Ecology has a consensus rating of “Hold” and a consensus target price of $53.80.
In related news, CEO Jeffrey R. Feeler sold 3,000 shares of US Ecology 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 transaction, the chief executive officer now owns 54,925 shares of the company’s stock, valued at $2,777,008. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.
Shares of US Ecology Inc (NASDAQ ECOL) traded down $1.30 during trading on Friday, reaching $50.20. The company’s stock had a trading volume of 54,997 shares, compared to its average volume of 86,635. The firm has a market capitalization of $1,141.62 and a PE ratio of 41.83. 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 Inc has a 12-month low of $44.50 and a 12-month high of $55.75.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.43%. US Ecology’s payout ratio is 60.00%.
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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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