Prudential Financial Inc. raised its position in US Ecology Inc. (NASDAQ:ECOL) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 79,318 shares of the company’s stock after buying an additional 180 shares during the period. Prudential Financial Inc. owned about 0.36% of US Ecology worth $3,645,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of US Ecology by 14.3% in the second quarter. Teacher Retirement System of Texas now owns 3,050 shares of the company’s stock worth $140,000 after buying an additional 381 shares during the period. SECOR Capital Advisors LP acquired a new position in shares of US Ecology during the second quarter worth about $215,000. NEXT Financial Group Inc raised its position in shares of US Ecology by 48.8% in the second quarter. NEXT Financial Group Inc now owns 5,029 shares of the company’s stock worth $231,000 after buying an additional 1,650 shares during the period. Princeton Alpha Management LP acquired a new position in shares of US Ecology during the second quarter worth about $269,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of US Ecology by 104.8% in the second quarter. BNP Paribas Arbitrage SA now owns 7,003 shares of the company’s stock worth $322,000 after buying an additional 3,583 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.
US Ecology Inc. (NASDAQ:ECOL) opened at 43.10 on Wednesday. The company has a 50-day moving average of $43.83 and a 200-day moving average of $44.61. The stock has a market capitalization of $938.42 million, a price-to-earnings ratio of 27.45 and a beta of 0.97. US Ecology Inc. has a 52-week low of $29.89 and a 52-week high of $49.39.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The firm had revenue of $122.30 million for the quarter, compared to analyst estimates of $122.16 million. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. US Ecology’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Equities research analysts expect that US Ecology Inc. will post $1.82 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 21st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, October 19th. US Ecology’s dividend payout ratio (DPR) is presently 45.86%.
A number of brokerages have recently issued reports on ECOL. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Barclays PLC lowered shares of US Ecology from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $48.00 to $40.00 in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. US Ecology currently has an average rating of “Hold” and a consensus price target of $46.30.
In other US Ecology news, Director Katina Dorton bought 1,330 shares of the business’s stock in a transaction on Monday, September 12th. The shares were bought at an average cost of $44.33 per share, with a total value of $58,958.90. Following the transaction, the director now directly owns 3,070 shares in the company, valued at approximately $136,093.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
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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