Nationwide Fund Advisors boosted its position in shares of US Ecology Inc. (NASDAQ:ECOL) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,157 shares of the company’s stock after buying an additional 2,191 shares during the period. Nationwide Fund Advisors owned 0.26% of US Ecology worth $2,580,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of ECOL. JPMorgan Chase & Co. raised its stake in US Ecology by 15.6% in the second quarter. JPMorgan Chase & Co. now owns 617,505 shares of the company’s stock worth $28,374,000 after buying an additional 83,205 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in US Ecology by 0.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 30,197 shares of the company’s stock worth $1,388,000 after buying an additional 118 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in US Ecology during the second quarter worth about $269,000. First Trust Advisors LP raised its stake in US Ecology by 96.5% in the second quarter. First Trust Advisors LP now owns 52,625 shares of the company’s stock worth $2,418,000 after buying an additional 25,844 shares in the last quarter. Finally, Swiss National Bank raised its stake in US Ecology by 2.3% in the second quarter. Swiss National Bank now owns 35,500 shares of the company’s stock worth $1,631,000 after buying an additional 800 shares in the last quarter. Institutional investors own 83.55% of the company’s stock.
US Ecology Inc. (NASDAQ:ECOL) traded up 1.13% during mid-day trading on Monday, hitting $43.81. 5,026 shares of the stock were exchanged. The company has a market cap of $953.88 million, a P/E ratio of 27.90 and a beta of 0.97. US Ecology Inc. has a one year low of $29.89 and a one year high of $49.39. The company has a 50-day moving average price of $44.04 and a 200-day moving average price of $44.55.
US Ecology (NASDAQ:ECOL) last released its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The company had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $122.16 million. During the same quarter in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts predict that US Ecology Inc. will post $1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 21st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.66%. US Ecology’s payout ratio is 45.86%.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of US Ecology from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Barclays PLC lowered shares of US Ecology from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $48.00 to $40.00 in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.30.
In other news, Director Katina Dorton purchased 1,330 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average price of $44.33 per share, with a total value of $58,958.90. Following the purchase, the director now owns 3,070 shares in the company, valued at approximately $136,093.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.
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.
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