Atlanta Capital Management Co. L L C decreased its stake in US Ecology, Inc. (NASDAQ:ECOL) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,426 shares of the business services provider’s stock after selling 3,219 shares during the period. Atlanta Capital Management Co. L L C owned about 1.38% of US Ecology worth $15,172,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in shares of US Ecology by 54.3% during the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 700 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of US Ecology by 2.0% during the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 40 shares during the last quarter. Vestor Capital LLC bought a new position in shares of US Ecology during the second quarter valued at $116,000. Victory Capital Management Inc. raised its stake in shares of US Ecology by 36.4% during the first quarter. Victory Capital Management Inc. now owns 2,779 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 742 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of US Ecology by 193.2% during the first quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 1,888 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.
US Ecology, Inc. (NASDAQ ECOL) traded down 0.47% during trading on Wednesday, hitting $52.75. 17,282 shares of the stock traded hands. US Ecology, Inc. has a 12 month low of $38.00 and a 12 month high of $55.75. The company has a 50-day moving average price of $51.24 and a 200-day moving average price of $50.24. The stock has a market cap of $1.15 billion, a PE ratio of 40.89 and a beta of 0.66.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data 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. 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 quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that US Ecology, Inc. will post $1.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 20th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. US Ecology’s dividend payout ratio is currently 56.25%.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BMO Capital Markets assumed coverage on shares of US Ecology in a research note on Thursday, June 29th. They set a “market perform” rating and a $54.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target on shares of US Ecology in a research note on Sunday, July 30th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 price target on shares of US Ecology in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.75.
In other news, Director Katina Dorton purchased 600 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average cost of $47.16 per share, for a total transaction of $28,296.00. Following the acquisition, the director now directly owns 3,970 shares of the company’s stock, valued at approximately $187,225.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen A. Romano sold 3,000 shares of the company’s stock in a transaction on 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 owns 28,395 shares of the company’s stock, valued at $1,477,959.75. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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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