Aberdeen Asset Management PLC UK raised its position in US Ecology Inc (NASDAQ:ECOL) by 6.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 970,281 shares of the business services provider’s stock after buying an additional 56,064 shares during the period. Aberdeen Asset Management PLC UK owned approximately 4.45% of US Ecology worth $45,457,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in US Ecology by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,410 shares of the business services provider’s stock valued at $112,000 after buying an additional 50 shares during the period. LS Investment Advisors LLC boosted its stake in US Ecology by 210.9% in the first quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,725 shares during the period. Ameritas Investment Partners Inc. boosted its stake in US Ecology by 193.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock valued at $133,000 after buying an additional 1,888 shares during the period. Janney Montgomery Scott LLC boosted its stake in US Ecology by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,725 shares of the business services provider’s stock valued at $221,000 after buying an additional 137 shares during the period. Finally, Trexquant Investment LP purchased a new stake in US Ecology during the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 85.26% of the company’s stock.
US Ecology Inc (NASDAQ:ECOL) traded up 1.12% during midday trading on Friday, hitting $49.70. 63,000 shares of the company’s stock traded hands. The company has a market capitalization of $1.08 billion, a PE ratio of 34.04 and a beta of 0.95. The company has a 50 day moving average of $48.54 and a 200-day moving average of $48.51. US Ecology Inc has a 52 week low of $38.00 and a 52 week high of $54.00.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The company had revenue of $110.23 million for the quarter, compared to analyst estimates of $109.90 million. US Ecology had a return on equity of 12.57% and a net margin of 6.87%. US Ecology’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. Equities research analysts predict that US Ecology Inc will post $1.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 21st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $0.72 annualized dividend and a yield of 1.46%. US Ecology’s payout ratio is presently 45.86%.
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A number of equities analysts have recently issued reports on ECOL shares. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Tuesday, April 25th. Stifel Nicolaus upgraded shares of US Ecology from a “hold” rating to a “buy” rating and raised their target price for the company from $51.00 to $55.00 in a report on Monday, May 1st. Barclays PLC restated a “sell” rating and set a $41.00 target price on shares of US Ecology in a report on Friday, March 3rd. Finally, Canaccord Genuity restated a “buy” rating on shares of US Ecology in a report on Friday, April 28th.
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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