State of Tennessee Treasury Department trimmed its position in shares of US Ecology Inc (NASDAQ:ECOL) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,392 shares of the business services provider’s stock after selling 1,893 shares during the period. State of Tennessee Treasury Department owned 0.08% of US Ecology worth $887,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FDx Advisors Inc. bought a new stake in shares of US Ecology in the fourth quarter valued at about $244,000. US Bancorp DE boosted its position in shares of US Ecology by 25.9% in the fourth quarter. US Bancorp DE now owns 5,028 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 1,033 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of US Ecology in the fourth quarter valued at about $382,000. Crossmark Global Holdings Inc. bought a new stake in shares of US Ecology in the third quarter valued at about $437,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of US Ecology by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,190 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 3,040 shares during the period. Institutional investors and hedge funds own 86.32% of the company’s stock.
ECOL has been the subject of a number of recent research reports. Zacks Investment Research raised shares of US Ecology from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. BidaskClub cut shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BMO Capital Markets reissued a “hold” rating and issued a $52.00 target price on shares of US Ecology in a research report on Wednesday, January 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $64.00 price objective on shares of US Ecology in a research report on Friday, February 16th. Finally, UBS began coverage on shares of US Ecology in a research report on Wednesday, March 14th. They set a “sell” rating and a $55.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. US Ecology currently has a consensus rating of “Hold” and a consensus target price of $58.80.
ECOL opened at $54.05 on Friday. The stock has a market cap of $1,180.18, a P/E ratio of 31.95 and a beta of 0.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 2.23. US Ecology Inc has a twelve month low of $44.50 and a twelve month high of $59.70.
US Ecology (NASDAQ:ECOL) last posted its earnings results on Thursday, February 15th. The business services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.11. The firm had revenue of $133.70 million during the quarter, compared to analysts’ expectations of $132.09 million. US Ecology had a net margin of 9.79% and a return on equity of 12.65%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. analysts anticipate that US Ecology Inc will post 2.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 20th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, April 19th. US Ecology’s dividend payout ratio is currently 41.86%.
In other US Ecology news, 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 transaction of $1,364,750.00. Following the completion of the sale, the chief executive officer now owns 79,127 shares of the company’s stock, valued at approximately $4,319,542.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven D. Welling sold 3,742 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $55.65, for a total transaction of $208,242.30. Following the sale, the executive vice president now directly owns 26,732 shares of the company’s stock, valued at approximately $1,487,635.80. The disclosure for this sale can be found here. Insiders sold 35,742 shares of company stock valued at $1,972,642 in the last ninety days. 1.30% of the stock is currently owned by insiders.
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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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