Wells Fargo & Company MN Sells 5,803 Shares of US Ecology, Inc. (ECOL)

Wells Fargo & Company MN decreased its position in shares of US Ecology, Inc. (NASDAQ:ECOL) by 10.3% during the first quarter, Holdings Channel reports. The fund owned 50,612 shares of the business services provider’s stock after selling 5,803 shares during the period. Wells Fargo & Company MN’s holdings in US Ecology were worth $2,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position 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 worth $112,000 after buying an additional 50 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of 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 worth $221,000 after buying an additional 137 shares in the last quarter. Wexford Capital LP bought a new stake in shares of US Ecology during the fourth quarter worth $237,000. WCM Investment Management CA raised its stake in shares of US Ecology by 9.1% in the first quarter. WCM Investment Management CA now owns 7,197 shares of the business services provider’s stock worth $337,000 after buying an additional 600 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of US Ecology by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the business services provider’s stock worth $417,000 after buying an additional 100 shares in the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for US Ecology (NASDAQ:ECOL)

Shares of US Ecology, Inc. (NASDAQ:ECOL) opened at 48.75 on Thursday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 33.39 and a beta of 0.67. US Ecology, Inc. has a 52 week low of $38.00 and a 52 week high of $54.00. The stock has a 50 day moving average of $50.78 and a 200-day moving average of $49.54.

US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, April 27th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.07. The business had revenue of $110.23 million during the quarter, compared to the consensus estimate of $109.90 million. US Ecology had a net margin of 6.73% and a return on equity of 11.45%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. Analysts expect that US Ecology, Inc. will post $1.74 earnings per share for the current year.

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A number of brokerages have recently weighed in on ECOL. BidaskClub lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Stifel Nicolaus raised shares of US Ecology from a “hold” rating to a “buy” rating and upped their price target for the stock from $51.00 to $55.00 in a research note on Monday, May 1st. Canaccord Genuity reaffirmed a “buy” rating on shares of US Ecology in a research note on Friday, April 28th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $41.00 price target on shares of US Ecology in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. US Ecology currently has an average rating of “Hold” and a consensus target price of $49.67.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ECOL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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