YorkBridge Wealth Partners LLC purchased a new position in US Ecology, Inc. (NASDAQ:ECOL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,000 shares of the business services provider’s stock, valued at approximately $215,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Flinton Capital Management LLC raised its stake in 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 purchasing an additional 700 shares in the last quarter. First Mercantile Trust Co. raised its stake in 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 purchasing an additional 40 shares in the last quarter. Vestor Capital LLC purchased a new stake in US Ecology during the second quarter valued at $116,000. Victory Capital Management Inc. raised its stake in 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 purchasing an additional 742 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in US Ecology by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.
In related news, CFO Eric L. Gerratt sold 19,936 shares of the company’s stock in a transaction that occurred 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 $1,471,719.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katina Dorton purchased 600 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $47.16 per share, with a total value of $28,296.00. Following the completion of the acquisition, the director now directly 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.
A number of equities research analysts recently issued reports on ECOL shares. Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target on shares of US Ecology in a research note on Friday, October 6th. Finally, BMO Capital Markets decreased their price target on shares of US Ecology from $54.00 to $47.00 and set a “market perform” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $51.25.
Shares of US Ecology, Inc. (NASDAQ:ECOL) traded down 1.55% during midday trading on Tuesday, hitting $47.70. 50,566 shares of the stock traded hands. The company’s 50 day moving average price is $52.54 and its 200-day moving average price is $50.89. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 37.29 and a beta of 0.66. US Ecology, Inc. has a 12-month low of $38.00 and a 12-month high of $55.75.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.23). The business had revenue of $135.05 million for the quarter, compared to analysts’ expectations of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities research analysts expect that US Ecology, Inc. will post $1.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 20th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, October 19th. US Ecology’s dividend payout ratio is presently 60.00%.
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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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