Franklin Resources Inc. cut its holdings in shares of US Ecology, Inc. (NASDAQ:ECOL) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,031,940 shares of the business services provider’s stock after selling 31,378 shares during the quarter. Franklin Resources Inc. owned about 4.73% of US Ecology worth $52,113,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ECOL. Teachers Advisors LLC lifted its holdings in shares of US Ecology by 1.8% during the fourth quarter. Teachers Advisors LLC now owns 35,100 shares of the business services provider’s stock worth $1,725,000 after buying an additional 621 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of US Ecology by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the business services provider’s stock worth $417,000 after buying an additional 100 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of US Ecology by 3.0% during the first quarter. Janney Montgomery Scott LLC now owns 4,725 shares of the business services provider’s stock worth $221,000 after buying an additional 137 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of US Ecology by 5.9% during the first quarter. Great West Life Assurance Co. Can now owns 29,440 shares of the business services provider’s stock worth $1,378,000 after buying an additional 1,635 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of US Ecology by 62.0% during the first quarter. First Trust Advisors LP now owns 133,021 shares of the business services provider’s stock worth $6,232,000 after buying an additional 50,891 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

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In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of US Ecology stock in a transaction on Friday, August 25th. The stock was 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 of the company’s stock, valued at approximately $1,471,719.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen A. Romano sold 3,000 shares of US Ecology 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 directly 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, Inc. (NASDAQ:ECOL) opened at 50.80 on Friday. 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 $1.11 billion, a price-to-earnings ratio of 39.72 and a beta of 0.69. The company has a 50 day moving average price of $49.52 and a 200-day moving average price of $49.66.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share 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 analysts’ expectations of $128.38 million. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. Equities analysts predict that US Ecology, Inc. will post $1.77 earnings per share for the current year.

ECOL has been the subject of a number of research analyst reports. BidaskClub upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Canaccord Genuity restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research note on Wednesday, August 9th. BMO Capital Markets began coverage on US Ecology in a research note on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $55.00 target price on shares of US Ecology in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.60.

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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Institutional Ownership by Quarter for US Ecology (NASDAQ:ECOL)

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