US Ecology, Inc. (NASDAQ:ECOL) Stake Decreased by LS Investment Advisors LLC
LS Investment Advisors LLC decreased its stake in US Ecology, Inc. (NASDAQ:ECOL) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,520 shares of the business services provider’s stock after selling 23 shares during the period. LS Investment Advisors LLC’s holdings in US Ecology were worth $127,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in US Ecology by 133,529.0% in the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock valued at $121,579,000 after buying an additional 2,593,133 shares during the last quarter. Vanguard Group Inc. raised its stake in US Ecology by 5.6% in the first quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock valued at $53,586,000 after buying an additional 60,791 shares during the last quarter. JPMorgan Chase & Co. raised its stake in US Ecology by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 1,036,338 shares of the business services provider’s stock valued at $48,552,000 after buying an additional 30,854 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in US Ecology by 6.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 970,281 shares of the business services provider’s stock valued at $45,457,000 after buying an additional 56,064 shares during the last quarter. Finally, Bares Capital Management Inc. raised its stake in US Ecology by 0.4% in the first quarter. Bares Capital Management Inc. now owns 838,838 shares of the business services provider’s stock valued at $39,300,000 after buying an additional 3,351 shares during the last quarter. 85.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of US Ecology, Inc. (NASDAQ ECOL) traded down 0.62% on Friday, reaching $48.25. 18,345 shares of the company were exchanged. The stock has a 50 day moving average of $51.79 and a 200-day moving average of $50.18. US Ecology, Inc. has a 52-week low of $38.00 and a 52-week high of $55.00. The company has a market capitalization of $1.05 billion, a P/E ratio of 37.72 and a beta of 0.67.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts predict that US Ecology, Inc. will post $1.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 21st were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, July 19th. This represents a $0.72 annualized dividend and a yield of 1.48%. US Ecology’s payout ratio is currently 56.25%.
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Several equities research analysts have recently issued reports on ECOL shares. Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, April 25th. BidaskClub raised shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Canaccord Genuity reissued a “buy” rating and set a $60.00 target price on shares of US Ecology in a research note on Wednesday. Stifel Nicolaus raised shares of US Ecology from a “hold” rating to a “buy” rating and increased their target price for the stock from $51.00 to $55.00 in a research note on Monday, May 1st. Finally, BMO Capital Markets started coverage on shares of US Ecology in a research note on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price on the stock. 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 company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.60.
In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $52.05, for a total transaction of $156,150.00. Following the transaction, the director now directly owns 28,395 shares in the company, valued at $1,477,959.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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