US Ecology Inc. (ECOL) Stake Raised by PineBridge Investments L.P.
PineBridge Investments L.P. raised its position in US Ecology Inc. (NASDAQ:ECOL) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,761 shares of the company’s stock after buying an additional 101 shares during the period. PineBridge Investments L.P.’s holdings in US Ecology were worth $127,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in US Ecology by 14.3% in the second quarter. Teacher Retirement System of Texas now owns 3,050 shares of the company’s stock worth $140,000 after buying an additional 381 shares during the period. SECOR Capital Advisors LP acquired a new position in US Ecology during the second quarter worth $215,000. NEXT Financial Group Inc raised its position in US Ecology by 48.8% in the second quarter. NEXT Financial Group Inc now owns 5,029 shares of the company’s stock worth $231,000 after buying an additional 1,650 shares during the period. Princeton Alpha Management LP acquired a new position in US Ecology during the second quarter worth $269,000. Finally, Panagora Asset Management Inc. raised its position in US Ecology by 1,662.7% in the first quarter. Panagora Asset Management Inc. now owns 6,945 shares of the company’s stock worth $307,000 after buying an additional 6,551 shares during the period. 83.55% of the stock is owned by hedge funds and other institutional investors.
US Ecology Inc. (NASDAQ:ECOL) opened at 43.59 on Wednesday. US Ecology Inc. has a 52 week low of $29.89 and a 52 week high of $49.39. The company has a market capitalization of $949.09 million, a price-to-earnings ratio of 27.76 and a beta of 0.97. The company’s 50-day moving average price is $44.10 and its 200-day moving average price is $44.56.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. The business earned $122.30 million during the quarter, compared to analyst estimates of $122.16 million. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The company’s revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Equities analysts forecast that US Ecology Inc. will post $1.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 21st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. US Ecology’s payout ratio is currently 45.86%.
A number of research firms have recently weighed in on ECOL. Barclays PLC lowered US Ecology from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $48.00 to $40.00 in a research note on Tuesday, August 9th. Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $46.30.
In related news, Director Katina Dorton acquired 1,330 shares of US Ecology stock in a transaction on Monday, September 12th. The stock was acquired at an average price of $44.33 per share, for a total transaction of $58,958.90. Following the purchase, the director now owns 3,070 shares of the company’s stock, valued at approximately $136,093.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
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.
Want to see what other hedge funds are holding ECOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Ecology Inc. (NASDAQ:ECOL).
Receive News & Ratings for US Ecology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Ecology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.