Thrivent Financial For Lutherans increased its position in shares of US Ecology, Inc. (NASDAQ:ECOL) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,160 shares of the business services provider’s stock after purchasing an additional 870 shares during the period. Thrivent Financial For Lutherans owned 0.06% of US Ecology worth $665,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. increased its position 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 worth $106,000 after purchasing an additional 40 shares during the last quarter. Vestor Capital LLC acquired a new stake in US Ecology during the second quarter worth about $116,000. Victory Capital Management Inc. increased its position 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. Ameritas Investment Partners Inc. increased its position 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. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of US Ecology during the second quarter valued at about $205,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.
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A number of brokerages have weighed in on ECOL. Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub cut shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. BMO Capital Markets began coverage on shares of US Ecology in a research report on Thursday, June 29th. They set a “market perform” rating and a $54.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target on shares of US Ecology in a research report on Sunday, July 30th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $60.00 price target on shares of US Ecology in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.75.
In related news, Director Katina Dorton acquired 600 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were acquired 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 in the company, valued at approximately $187,225.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric L. Gerratt sold 19,936 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $46.80, for a total transaction of $933,004.80. Following the transaction, the chief financial officer now owns 31,447 shares in the company, valued at $1,471,719.60. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders 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 annualized dividend and a dividend yield of 1.38%. US Ecology’s payout ratio is currently 56.25%.
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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