2,304 Shares in US Ecology, Inc. (ECOL) Purchased by Vestor Capital LLC
Vestor Capital LLC purchased a new position in shares of US Ecology, Inc. (NASDAQ:ECOL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,304 shares of the business services provider’s stock, valued at approximately $116,000.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of US Ecology by 133,529.0% during the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock worth $121,579,000 after acquiring an additional 2,593,133 shares during the period. Vanguard Group Inc. increased its stake in shares of US Ecology by 5.6% during the first quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock worth $53,586,000 after acquiring an additional 60,791 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of US Ecology by 7.4% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock worth $52,605,000 after acquiring an additional 71,411 shares during the period. JPMorgan Chase & Co. increased its stake in shares of US Ecology by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 1,036,338 shares of the business services provider’s stock worth $48,552,000 after acquiring an additional 30,854 shares during the period. Finally, Bares Capital Management Inc. grew its position in US Ecology by 0.4% during the first quarter. Bares Capital Management Inc. now owns 838,838 shares of the business services provider’s stock worth $39,300,000 after buying an additional 3,351 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.
Several brokerages have weighed in on ECOL. Stifel Nicolaus restated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Sunday, July 30th. BidaskClub upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. BMO Capital Markets began coverage on shares of US Ecology in a research report on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price on the stock. Finally, Canaccord Genuity restated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.60.
Shares of US Ecology, Inc. (ECOL) traded up 0.20% on Wednesday, reaching $50.25. 5,277 shares of the company’s stock traded hands. The company has a 50 day moving average price of $49.94 and a 200 day moving average price of $49.66. US Ecology, Inc. has a 52 week low of $38.00 and a 52 week high of $55.00. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 39.29 and a beta of 0.69.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.38 EPS 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 during the quarter, compared to analysts’ expectations of $128.38 million. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts predict that US Ecology, Inc. will post $1.77 earnings per share for the current fiscal year.
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In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the transaction, the chief financial officer now directly owns 31,447 shares in the company, valued at $1,471,719.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the director now owns 28,395 shares of the company’s stock, valued at $1,477,959.75. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
US Ecology 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.
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