Janney Montgomery Scott LLC Acquires Shares of 2,793 US Ecology Inc (ECOL)
Janney Montgomery Scott LLC acquired a new position in shares of US Ecology Inc (NASDAQ:ECOL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,793 shares of the business services provider’s stock, valued at approximately $206,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ECOL. Acadian Asset Management LLC purchased a new stake in shares of US Ecology during the 3rd quarter worth about $191,000. Van Hulzen Asset Management LLC purchased a new stake in shares of US Ecology during the 2nd quarter worth about $200,000. United Services Automobile Association purchased a new stake in shares of US Ecology during the 2nd quarter worth about $213,000. Park National Corp OH purchased a new stake in shares of US Ecology during the 3rd quarter worth about $221,000. Finally, Amalgamated Bank purchased a new stake in shares of US Ecology during the 2nd quarter worth about $228,000. Hedge funds and other institutional investors own 84.10% of the company’s stock.
Shares of ECOL stock opened at $65.93 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.78. US Ecology Inc has a twelve month low of $44.90 and a twelve month high of $77.15. The company has a market capitalization of $1.45 billion, a P/E ratio of 38.33 and a beta of 0.48.
In related news, Director Stephen A. Romano sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $70.62, for a total value of $847,440.00. Following the transaction, the director now directly owns 12,695 shares of the company’s stock, valued at approximately $896,520.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Simon G. Bell sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $75.95, for a total value of $227,850.00. Following the completion of the transaction, the chief operating officer now directly owns 31,197 shares in the company, valued at $2,369,412.15. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $1,225,390 over the last three months. 1.30% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on the company. BidaskClub raised US Ecology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 8th. BMO Capital Markets raised their price target on US Ecology from $65.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, September 7th. UBS Group raised their price target on US Ecology from $56.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, September 5th. Finally, Zacks Investment Research raised US Ecology from a “hold” rating to a “strong-buy” rating and set a $79.00 price target for the company in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.60.
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US Ecology 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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