US Ecology, Inc. (NASDAQ:ECOL) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. lowered its position in shares of US Ecology, Inc. (NASDAQ:ECOL) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,673 shares of the business services provider’s stock after selling 310 shares during the period. Capstone Asset Management Co.’s holdings in US Ecology were worth $387,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Public Employees Retirement Association of Colorado raised its stake in shares of US Ecology by 6.2% in the first quarter. Public Employees Retirement Association of Colorado now owns 196,283 shares of the business services provider’s stock worth $9,196,000 after buying an additional 11,500 shares during the period. First Trust Advisors LP raised its position in US Ecology by 62.0% in the first quarter. First Trust Advisors LP now owns 133,021 shares of the business services provider’s stock valued at $6,232,000 after buying an additional 50,891 shares during the last quarter. Capital One National Association raised its position in US Ecology by 4.6% in the first quarter. Capital One National Association now owns 25,539 shares of the business services provider’s stock valued at $1,197,000 after buying an additional 1,124 shares during the last quarter. Great West Life Assurance Co. Can raised its position in US Ecology by 5.9% in the first quarter. Great West Life Assurance Co. Can now owns 29,440 shares of the business services provider’s stock valued at $1,378,000 after buying an additional 1,635 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in US Ecology by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,725 shares of the business services provider’s stock valued at $221,000 after buying an additional 137 shares during the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.
US Ecology, Inc. (NASDAQ ECOL) traded up 0.48% on Tuesday, hitting $51.85. The stock had a trading volume of 6,412 shares. The company has a market cap of $1.13 billion, a P/E ratio of 40.54 and a beta of 0.67. US Ecology, Inc. has a 52-week low of $38.00 and a 52-week high of $55.00. The firm’s 50-day moving average is $51.70 and its 200-day moving average is $50.15.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The firm had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. During the same quarter last year, the company posted $0.41 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that US Ecology, Inc. will post $1.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, July 19th. US Ecology’s dividend payout ratio is currently 56.25%.
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Several research analysts have recently commented on ECOL shares. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price target on shares of US Ecology in a research report on Sunday, July 30th. BidaskClub raised US Ecology from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Canaccord Genuity reissued a “buy” rating on shares of US Ecology in a research report on Friday, April 28th. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Tuesday, April 25th. Finally, BMO Capital Markets started coverage on US Ecology in a research report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.00.
In related news, Director Stephen A. Romano sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total transaction of $156,150.00. Following the transaction, the director now owns 28,395 shares of the company’s stock, valued at $1,477,959.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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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