First Trust Advisors LP increased its stake in US Ecology Inc. (NASDAQ:ECOL) by 96.5% during the second quarter, Holdings Channel reports. The fund owned 52,625 shares of the company’s stock after buying an additional 25,844 shares during the period. First Trust Advisors LP owned approximately 0.24% of US Ecology worth $2,418,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. Aperio Group LLC acquired a new stake in shares of US Ecology during the first quarter valued at about $310,000. Prudential Financial Inc. boosted its stake 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 valued at $3,495,000 after buying an additional 2,300 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of US Ecology by 11,113.6% in the first quarter. Mondrian Investment Partners LTD now owns 51,807 shares of the company’s stock valued at $2,288,000 after buying an additional 51,345 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $23,595,000 after buying an additional 24,318 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake 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 valued at $1,282,000 after buying an additional 2,051 shares in the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.
Shares of US Ecology Inc. (NASDAQ:ECOL) traded up 2.19% during trading on Wednesday, reaching $44.35. 104,654 shares of the company traded hands. The stock has a market capitalization of $965.63 million, a PE ratio of 28.25 and a beta of 1.09. The firm has a 50 day moving average of $44.09 and a 200 day moving average of $44.33. US Ecology Inc. has a 52 week low of $29.89 and a 52 week high of $49.39.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. US Ecology had a net margin of 6.52% and a return on equity of 12.67%. The business had revenue of $122.30 million for the quarter, compared to analyst estimates of $122.16 million. During the same quarter last year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities analysts predict that US Ecology Inc. will post $1.82 EPS for the current year.
Several brokerages have recently issued reports on ECOL. Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Barclays PLC cut shares of US Ecology from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $48.00 to $40.00 in a research report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.30.
In other US Ecology news, Director Katina Dorton purchased 1,330 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were purchased at an average cost of $44.33 per share, with a total value of $58,958.90. Following the completion of the purchase, the director now owns 3,070 shares in the company, valued at approximately $136,093.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by 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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