US Ecology, Inc. (ECOL) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp reduced its stake in shares of US Ecology, Inc. (NASDAQ:ECOL) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,331 shares of the business services provider’s stock after selling 6,149 shares during the quarter. Bank of New York Mellon Corp owned 1.40% of US Ecology worth $15,419,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised its stake in US Ecology by 2.0% during the 2nd quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 40 shares during the last quarter. LS Investment Advisors LLC raised its stake in US Ecology by 210.9% during the 1st quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 1,725 shares during the last quarter. Victory Capital Management Inc. raised its stake in US Ecology by 36.4% during the 1st quarter. Victory Capital Management Inc. now owns 2,779 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 742 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in US Ecology by 193.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 1,888 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in US Ecology during the 2nd quarter valued at $205,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.
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US Ecology, Inc. (NASDAQ ECOL) opened at 51.25 on Thursday. The stock has a 50 day moving average of $49.42 and a 200-day moving average of $49.64. The firm has a market cap of $1.12 billion, a PE ratio of 40.07 and a beta of 0.69. US Ecology, Inc. has a 52 week low of $38.00 and a 52 week high of $55.00.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. The company had revenue of $126.06 million during the quarter, compared to analysts’ expectations of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. US Ecology’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. Analysts expect that US Ecology, Inc. will post $1.77 earnings per share for the current year.
Several research firms recently commented on ECOL. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research note on Sunday, July 30th. BidaskClub cut shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. BMO Capital Markets assumed coverage on shares of US Ecology in a research note on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price objective for the company. Finally, Canaccord Genuity restated a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.60.
In related news, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was 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 of the company’s stock, valued at $1,477,959.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Katina Dorton purchased 600 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $47.16 per share, with a total value of $28,296.00. Following the purchase, the director now owns 3,970 shares of the company’s stock, valued at $187,225.20. The disclosure for this purchase can be found here. 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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