US Ecology, Inc. (NASDAQ:ECOL) Shares Sold by UBS Group AG
UBS Group AG cut its stake in US Ecology, Inc. (NASDAQ:ECOL) by 21.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,554 shares of the business services provider’s stock after selling 1,536 shares during the period. UBS Group AG’s holdings in US Ecology were worth $261,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in US Ecology by 0.4% in the first quarter. Bank of Montreal Can now owns 46,416 shares of the business services provider’s stock worth $2,174,000 after buying an additional 164 shares in the last quarter. Prudential Financial Inc. raised its stake in US Ecology by 0.6% in the first quarter. Prudential Financial Inc. now owns 37,848 shares of the business services provider’s stock worth $1,773,000 after buying an additional 230 shares in the last quarter. LS Investment Advisors LLC raised its stake in US Ecology by 210.9% in the first quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock worth $119,000 after buying an additional 1,725 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in US Ecology by 193.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock worth $133,000 after buying an additional 1,888 shares in the last quarter. Finally, Fenimore Asset Management Inc. raised its stake in US Ecology by 0.8% in the first quarter. Fenimore Asset Management Inc. now owns 402,772 shares of the business services provider’s stock worth $18,870,000 after buying an additional 3,375 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors.
Shares of US Ecology, Inc. (NASDAQ ECOL) traded up 0.39% during mid-day trading on Friday, hitting $51.65. The stock had a trading volume of 52,704 shares. US Ecology, Inc. has a 12 month low of $38.00 and a 12 month high of $55.00. The stock’s 50-day moving average is $51.70 and its 200 day moving average is $50.15. The firm has a market cap of $1.13 billion, a PE ratio of 40.38 and a beta of 0.67.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The business had revenue of $126.06 million during the quarter, compared to the consensus estimate of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities research analysts predict that US Ecology, Inc. will post $1.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were paid a $0.18 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.39%. US Ecology’s dividend payout ratio (DPR) is 56.25%.
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ECOL has been the subject of a number of analyst reports. BidaskClub upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Canaccord Genuity restated a “buy” rating on shares of US Ecology in a report on Friday, April 28th. Zacks Investment Research lowered US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Stifel Nicolaus restated a “buy” rating and set a $55.00 target price on shares of US Ecology in a report on Wednesday, July 19th. Finally, BMO Capital Markets initiated coverage on US Ecology in a report on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.00.
In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $52.05, for a total value of $156,150.00. Following the completion of the transaction, the director now owns 28,395 shares in the company, valued at $1,477,959.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
About US Ecology
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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