TD Asset Management Inc. bought a new position in shares of US Ecology Inc (NASDAQ:ECOL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,000 shares of the business services provider’s stock, valued at approximately $255,000.

Other hedge funds have also bought and sold shares of the company. Citigroup Inc. increased its stake in US Ecology by 77.0% during the first quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock worth $192,000 after acquiring an additional 1,568 shares during the last quarter. Amalgamated Bank acquired a new stake in US Ecology during the second quarter worth $228,000. Xact Kapitalforvaltning AB acquired a new stake in US Ecology during the first quarter worth $242,000. River Wealth Advisors LLC acquired a new stake in US Ecology during the first quarter worth $261,000. Finally, Nisa Investment Advisors LLC increased its stake in US Ecology by 2,381.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,210 shares of the business services provider’s stock worth $332,000 after acquiring an additional 5,000 shares during the last quarter. 85.16% of the stock is owned by institutional investors.

In other news, EVP Steven D. Welling sold 7,000 shares of the firm’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $61.04, for a total transaction of $427,280.00. Following the completion of the transaction, the executive vice president now directly owns 33,971 shares in the company, valued at $2,073,589.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joe F. Colvin sold 9,400 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $70.02, for a total value of $658,188.00. Following the transaction, the director now owns 7,000 shares of the company’s stock, valued at $490,140. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,487 shares of company stock valued at $3,410,771. Company insiders own 1.30% of the company’s stock.

Several equities research analysts have issued reports on ECOL shares. BidaskClub cut US Ecology from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Monday, June 25th. ValuEngine cut US Ecology from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Stifel Nicolaus raised their target price on US Ecology from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Canaccord Genuity reissued a “buy” rating and set a $72.00 target price (up previously from $64.00) on shares of US Ecology in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $65.80.

ECOL opened at $72.60 on Friday. US Ecology Inc has a 52 week low of $44.50 and a 52 week high of $73.15. The firm has a market cap of $1.58 billion, a PE ratio of 34.78 and a beta of 0.65. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.81.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. US Ecology had a return on equity of 14.12% and a net margin of 11.74%. The business had revenue of $136.90 million during the quarter, compared to analyst estimates of $136.73 million. During the same period last year, the business posted $0.38 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. equities research analysts predict that US Ecology Inc will post 2.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 27th. Stockholders of record on Friday, July 20th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 0.99%. US Ecology’s dividend payout ratio is currently 41.86%.

US Ecology Company Profile

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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

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