Franklin Resources Inc. reduced its position in US Ecology Inc (NASDAQ:ECOL) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 995,016 shares of the business services provider’s stock after selling 20,583 shares during the period. Franklin Resources Inc. owned about 4.55% of US Ecology worth $50,746,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Clearbridge Investments LLC increased its position in US Ecology by 0.7% in the 4th quarter. Clearbridge Investments LLC now owns 991,480 shares of the business services provider’s stock worth $50,565,000 after purchasing an additional 6,716 shares during the last quarter. Jefferies Group LLC bought a new stake in shares of US Ecology during the 4th quarter worth about $240,000. Leucadia National Corp boosted its stake in shares of US Ecology by 118.3% during the 4th quarter. Leucadia National Corp now owns 10,405 shares of the business services provider’s stock worth $531,000 after acquiring an additional 5,639 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of US Ecology by 41.4% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 422,195 shares of the business services provider’s stock worth $21,532,000 after acquiring an additional 123,674 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of US Ecology by 21.9% during the 4th quarter. Citadel Advisors LLC now owns 22,522 shares of the business services provider’s stock worth $1,149,000 after acquiring an additional 4,041 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors.
In related news, Director Stephen A. Romano sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $58.95, for a total transaction of $176,850.00. Following the completion of the sale, the director now owns 25,395 shares in the company, valued at approximately $1,497,035.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey R. Feeler sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $54.59, for a total value of $1,364,750.00. Following the sale, the chief executive officer now owns 79,127 shares of the company’s stock, valued at approximately $4,319,542.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,742 shares of company stock valued at $1,972,642. 1.50% of the stock is owned by corporate insiders.
ECOL has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on US Ecology from $52.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Zacks Investment Research upgraded US Ecology from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. Canaccord Genuity reiterated a “buy” rating and set a $64.00 price target on shares of US Ecology in a research note on Friday, February 16th. BidaskClub downgraded US Ecology from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, UBS initiated coverage on US Ecology in a research note on Wednesday, March 14th. They set a “sell” rating and a $55.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $58.80.
Shares of US Ecology stock opened at $55.15 on Monday. The stock has a market capitalization of $1,206.43, a PE ratio of 24.51 and a beta of 0.69. US Ecology Inc has a 52 week low of $44.50 and a 52 week high of $59.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.23 and a current ratio of 2.23.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.11. US Ecology had a return on equity of 12.65% and a net margin of 9.79%. The company had revenue of $133.70 million during the quarter, compared to the consensus estimate of $132.09 million. During the same quarter in the prior year, the company posted $0.36 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. research analysts expect that US Ecology Inc will post 2.21 earnings per share for the current year.
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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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