Martingale Asset Management L P cut its holdings in US Ecology, Inc. (NASDAQ:ECOL) by 44.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,906 shares of the business services provider’s stock after selling 25,200 shares during the quarter. Martingale Asset Management L P owned about 0.15% of US Ecology worth $1,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aberdeen Asset Management PLC UK lifted its stake in US Ecology by 7.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock valued at $52,605,000 after acquiring an additional 71,411 shares during the last quarter. Chatham Capital Group Inc. lifted its stake in US Ecology by 9.5% in the second quarter. Chatham Capital Group Inc. now owns 29,425 shares of the business services provider’s stock valued at $1,486,000 after acquiring an additional 2,558 shares during the last quarter. Commerce Bank lifted its stake in US Ecology by 22.8% in the second quarter. Commerce Bank now owns 8,985 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 1,670 shares during the last quarter. Victory Capital Management Inc. lifted its stake in US Ecology by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 488 shares during the last quarter. Finally, WCM Investment Management CA lifted its stake in US Ecology by 2.8% in the second quarter. WCM Investment Management CA now owns 7,402 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

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In other news, CFO Eric L. Gerratt sold 19,936 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the sale, the chief financial officer now owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen A. Romano sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $52.05, for a total value of $156,150.00. Following the completion of the sale, the director now directly owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of research firms have issued reports on ECOL. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research note on Sunday, July 30th. BidaskClub upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. BMO Capital Markets began coverage on shares of US Ecology in a research note on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price for the company. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. US Ecology has an average rating of “Hold” and an average price target of $53.60.

US Ecology, Inc. (ECOL) opened at 51.85 on Friday. The stock has a 50 day moving average of $49.42 and a 200-day moving average of $49.64. US Ecology, Inc. has a 52-week low of $38.00 and a 52-week high of $55.00. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 40.54 and a beta of 0.69.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $126.06 million during the quarter, compared to the consensus estimate of $128.38 million. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, analysts forecast that US Ecology, Inc. will post $1.77 EPS for the current year.

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.

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

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