Ameriprise Financial Inc. lowered its stake in US Ecology Inc. (NASDAQ:ECOL) by 11.8% during the second quarter, Holdings Channel reports. The fund owned 150,891 shares of the company’s stock after selling 20,114 shares during the period. Ameriprise Financial Inc. owned approximately 0.69% of US Ecology worth $6,933,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ECOL. Sheaff Brock Investment Advisors LLC raised its stake in US Ecology by 0.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 30,197 shares of the company’s stock valued at $1,388,000 after buying an additional 118 shares in the last quarter. First Republic Investment Management Inc. raised its stake in US Ecology by 2.9% in the first quarter. First Republic Investment Management Inc. now owns 11,270 shares of the company’s stock valued at $498,000 after buying an additional 315 shares in the last quarter. Swiss National Bank raised its stake in US Ecology by 2.3% in the second quarter. Swiss National Bank now owns 35,500 shares of the company’s stock valued at $1,631,000 after buying an additional 800 shares in the last quarter. Capstone Asset Management Co. raised its stake in US Ecology by 13.6% in the second quarter. Capstone Asset Management Co. now owns 9,613 shares of the company’s stock valued at $442,000 after buying an additional 1,150 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in US Ecology by 48.8% in the second quarter. NEXT Financial Group Inc now owns 5,029 shares of the company’s stock valued at $231,000 after buying an additional 1,650 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 down 0.25% during midday trading on Friday, reaching $43.32. The company had a trading volume of 96,513 shares. US Ecology Inc. has a one year low of $29.89 and a one year high of $49.39. The firm has a market capitalization of $943.21 million, a P/E ratio of 27.59 and a beta of 0.97. The company has a 50 day moving average price of $44.04 and a 200-day moving average price of $44.55.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The business earned $122.30 million during the quarter, compared to the consensus estimate of $122.16 million. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. On average, analysts anticipate that US Ecology Inc. will post $1.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 21st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.66%. US Ecology’s dividend payout ratio (DPR) is currently 45.86%.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Barclays PLC downgraded 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.30.
In related news, Director Katina Dorton purchased 1,330 shares of the business’s stock in a transaction on Monday, September 12th. The stock was 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 of the company’s stock, valued at $136,093.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Company 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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