US Ecology Inc. (NASDAQ:ECOL) announced a quarterly dividend on Monday, October 3rd. Investors of record on Friday, October 21st will be paid a dividend of 0.18 per share on Friday, October 28th. This represents a $0.72 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, October 19th.
Shares of US Ecology (NASDAQ:ECOL) opened at 45.07 on Tuesday. The company has a market cap of $981.31 million, a P/E ratio of 28.71 and a beta of 0.97. The company’s 50-day moving average price is $44.11 and its 200 day moving average price is $44.55. US Ecology 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 for the quarter, hitting 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 firm had revenue of $122.30 million for the quarter, compared to the consensus estimate of $122.16 million. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts anticipate that US Ecology will post $1.81 earnings per share for the current fiscal year.
Several brokerages recently weighed in on ECOL. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Barclays PLC downgraded US Ecology from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $48.00 to $40.00 in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.30.
In other news, Director Katina Dorton purchased 1,330 shares of the company’s stock in a transaction on Monday, September 12th. The shares were acquired at an average price of $44.33 per share, for a total transaction of $58,958.90. Following the purchase, the director now owns 3,070 shares in the company, valued at $136,093.10. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in US Ecology by 39.8% in the second quarter. BlackRock Inc. now owns 2,209 shares of the company’s stock valued at $102,000 after buying an additional 629 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in US Ecology during the second quarter valued at $110,000. Teachers Retirement System of The State of Kentucky increased its stake in US Ecology by 37.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,000 shares of the company’s stock valued at $368,000 after buying an additional 2,200 shares during the last quarter. BlackRock Advisors LLC increased its stake in US Ecology by 3.0% in the second quarter. BlackRock Advisors LLC now owns 10,455 shares of the company’s stock valued at $480,000 after buying an additional 300 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in US Ecology by 5.8% in the second quarter. Thrivent Financial for Lutherans now owns 10,570 shares of the company’s stock valued at $486,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.
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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