Cornercap Investment Counsel Inc. purchased a new position in American Ecology Co. (NASDAQ:ECOL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,990 shares of the business services provider’s stock, valued at approximately $692,000. Cornercap Investment Counsel Inc. owned approximately 0.06% of American Ecology at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Elkfork Partners LLC bought a new stake in shares of American Ecology in the fourth quarter worth about $119,000. Citigroup Inc. increased its holdings in shares of American Ecology by 77.0% in the first quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock worth $192,000 after acquiring an additional 1,568 shares in the last quarter. Jefferies Group LLC bought a new stake in shares of American Ecology in the fourth quarter worth about $240,000. FDx Advisors Inc. bought a new stake in shares of American Ecology in the fourth quarter worth about $244,000. Finally, River Wealth Advisors LLC bought a new stake in shares of American Ecology in the first quarter worth about $261,000. Institutional investors own 83.62% of the company’s stock.
In related news, EVP Steven D. Welling sold 8,240 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $57.09, for a total transaction of $470,421.60. Following the completion of the transaction, the executive vice president now directly owns 28,971 shares of the company’s stock, valued at $1,653,954.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven D. Welling sold 7,000 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $61.04, for a total value of $427,280.00. Following the transaction, the executive vice president now directly owns 33,971 shares of the company’s stock, valued at $2,073,589.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,804 shares of company stock valued at $1,713,631. 1.30% of the stock is owned by corporate insiders.
American Ecology opened at $62.10 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.35 billion, a P/E ratio of 33.56 and a beta of 0.70. American Ecology Co. has a 52-week low of $44.50 and a 52-week high of $62.80.
American Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, May 3rd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $120.06 million for the quarter, compared to the consensus estimate of $114.75 million. American Ecology had a return on equity of 13.08% and a net margin of 10.40%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. research analysts predict that American Ecology Co. will post 2.21 earnings per share for the current year.
Several equities research analysts have issued reports on the company. BidaskClub downgraded American Ecology from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded American Ecology from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine downgraded American Ecology from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Canaccord Genuity restated a “buy” rating and issued a $64.00 price target on shares of American Ecology in a report on Friday, February 16th. Finally, UBS Group began coverage on American Ecology in a report on Wednesday, March 14th. They issued a “sell” rating and a $55.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. American Ecology currently has an average rating of “Hold” and an average price target of $58.80.
American Ecology Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.
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