Dimensional Fund Advisors LP raised its position in US Ecology Inc. (NASDAQ:ECOL) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 832,513 shares of the company’s stock after buying an additional 13,775 shares during the period. Dimensional Fund Advisors LP owned 3.82% of US Ecology worth $38,253,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of US Ecology by 14.3% in the second quarter. Teacher Retirement System of Texas now owns 3,050 shares of the company’s stock worth $140,000 after buying an additional 381 shares in the last quarter. SECOR Capital Advisors LP acquired a new stake in shares of US Ecology during the second quarter worth about $215,000. NEXT Financial Group Inc raised its stake in shares of US Ecology by 48.8% in the second quarter. NEXT Financial Group Inc now owns 5,029 shares of the company’s stock worth $231,000 after buying an additional 1,650 shares in the last quarter. Princeton Alpha Management LP acquired a new stake in shares of US Ecology during the second quarter worth about $269,000. Finally, Aperio Group LLC acquired a new stake in shares of US Ecology during the first quarter worth about $310,000. 83.53% of the stock is owned by hedge funds and other institutional investors.
US Ecology Inc. (NASDAQ:ECOL) opened at 43.10 on Wednesday. The stock has a 50 day moving average price of $43.83 and a 200-day moving average price of $44.61. US Ecology Inc. has a one year low of $29.89 and a one year high of $49.39. The stock has a market capitalization of $938.42 million, a P/E ratio of 27.45 and a beta of 0.97.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $122.16 million. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. Analysts anticipate that US Ecology Inc. will post $1.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 21st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, October 19th. US Ecology’s payout ratio is currently 45.86%.
A number of equities research analysts have weighed in on ECOL shares. Zacks Investment Research raised US Ecology from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Barclays PLC lowered 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 investment 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 currently has a consensus rating of “Hold” and an average price target of $46.30.
In related news, Director Katina Dorton acquired 1,330 shares of US Ecology stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost of $44.33 per share, for a total transaction of $58,958.90. Following the completion of the purchase, the director now owns 3,070 shares in the company, valued at $136,093.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
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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