Probity Advisors Inc. lowered its stake in shares of US Ecology, Inc. (NASDAQ:ECOL) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,707 shares of the business services provider’s stock after selling 778 shares during the period. Probity Advisors Inc. owned approximately 0.09% of US Ecology worth $945,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of US Ecology by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,410 shares of the business services provider’s stock valued at $112,000 after buying an additional 50 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of US Ecology by 1.1% in 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 period. Arizona State Retirement System boosted its position in US Ecology by 0.9% in the first quarter. Arizona State Retirement System now owns 11,346 shares of the business services provider’s stock worth $532,000 after buying an additional 100 shares in the last quarter. Janney Montgomery Scott LLC boosted 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 worth $221,000 after buying an additional 137 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in US Ecology by 0.4% in the first quarter. Bank of Montreal Can now owns 46,416 shares of the business services provider’s stock worth $2,174,000 after buying an additional 164 shares in the last quarter. 84.79% of the stock is owned by institutional investors and hedge funds.
Shares of US Ecology, Inc. (NASDAQ:ECOL) opened at 46.20 on Friday. US Ecology, Inc. has a 12 month low of $38.00 and a 12 month high of $55.00. The company has a market cap of $1.01 billion, a P/E ratio of 36.12 and a beta of 0.67. The stock’s 50 day moving average is $51.28 and its 200-day moving average is $50.05.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. US Ecology’s payout ratio is 56.25%.
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ECOL has been the topic of a number of recent research reports. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, April 25th. BidaskClub raised US Ecology from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Canaccord Genuity restated a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a report on Wednesday, August 9th. Stifel Nicolaus upgraded shares of US Ecology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $55.00 in a report on Monday, May 1st. Finally, BMO Capital Markets initiated coverage on shares of US Ecology in a report on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $53.60.
In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of the firm’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 sale, the director now directly owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
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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