Mason Street Advisors LLC purchased a new position in US Ecology Inc. (NASDAQ:ECOL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,256 shares of the company’s stock, valued at approximately $196,000.
Several other institutional investors also recently modified their holdings of the company. Aperio Group LLC bought a new position in shares of US Ecology during the first quarter worth $310,000. Prudential Financial Inc. increased its position in shares of US Ecology by 3.0% in the first quarter. Prudential Financial Inc. now owns 79,138 shares of the company’s stock worth $3,495,000 after buying an additional 2,300 shares during the period. JPMorgan Chase & Co. increased its position in shares of US Ecology by 4.8% in the first quarter. JPMorgan Chase & Co. now owns 534,300 shares of the company’s stock worth $23,595,000 after buying an additional 24,318 shares during the period. BlackRock Group LTD increased its position in shares of US Ecology by 7.6% in the first quarter. BlackRock Group LTD now owns 29,022 shares of the company’s stock worth $1,282,000 after buying an additional 2,051 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in shares of US Ecology by 3.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,387,573 shares of the company’s stock worth $61,276,000 after buying an additional 42,122 shares during the period. 83.55% of the stock is currently owned by institutional investors.
Shares of US Ecology Inc. (NASDAQ:ECOL) opened at 43.95 on Thursday. US Ecology Inc. has a 52 week low of $29.89 and a 52 week high of $49.39. The company has a 50-day moving average price of $44.02 and a 200-day moving average price of $44.61. The company has a market capitalization of $956.92 million, a PE ratio of 27.99 and a beta of 0.97.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The firm earned $122.30 million during the quarter, compared to the consensus estimate of $122.16 million. During the same period last year, the company earned $0.40 earnings per share. The company’s revenue was down 12.5% on a year-over-year basis. Analysts predict that US Ecology Inc. will post $1.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 21st will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, October 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.64%. US Ecology’s payout ratio is presently 45.86%.
ECOL has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Barclays PLC cut US Ecology from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $48.00 to $40.00 in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.30.
In related news, Director Katina Dorton purchased 1,330 shares of US Ecology stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of $44.33 per share, for a total transaction of $58,958.90. Following the completion of the acquisition, the director now directly owns 3,070 shares of the company’s stock, valued at $136,093.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.
US Ecology Company 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.
Want to see what other hedge funds are holding ECOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Ecology Inc. (NASDAQ:ECOL).
Receive News & Ratings for US Ecology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Ecology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.