US Ecology, Inc. (NASDAQ:ECOL) Shares Sold by Bank of Montreal Can
Bank of Montreal Can lowered its position in US Ecology, Inc. (NASDAQ:ECOL) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 45,334 shares of the business services provider’s stock after selling 1,082 shares during the period. Bank of Montreal Can’s holdings in US Ecology were worth $2,290,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in US Ecology by 133,529.0% in the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock worth $121,579,000 after buying an additional 2,593,133 shares during the period. Norges Bank bought a new stake in US Ecology during the fourth quarter worth about $6,354,000. Vanguard Group Inc. increased its stake in US Ecology by 5.6% in the first quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock worth $53,586,000 after buying an additional 60,791 shares during the period. Aberdeen Asset Management PLC UK increased its stake in US Ecology by 6.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 970,281 shares of the business services provider’s stock worth $45,457,000 after buying an additional 56,064 shares during the period. Finally, First Trust Advisors LP increased its stake in US Ecology by 62.0% in the first quarter. First Trust Advisors LP now owns 133,021 shares of the business services provider’s stock worth $6,232,000 after buying an additional 50,891 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.
Shares of US Ecology, Inc. (NASDAQ:ECOL) traded down 0.616% during trading on Friday, reaching $48.251. 18,083 shares of the company’s stock were exchanged. US Ecology, Inc. has a 12 month low of $38.00 and a 12 month high of $55.00. The stock has a 50-day moving average price of $51.79 and a 200 day moving average price of $50.18. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 37.726 and a beta of 0.67.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The business had revenue of $126.06 million during the quarter, compared to analyst estimates of $128.38 million. During the same quarter in the previous year, the firm earned $0.41 EPS. US Ecology’s revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that US Ecology, Inc. will post $1.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Wednesday, July 19th. US Ecology’s payout ratio is currently 56.25%.
ECOL has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded shares of US Ecology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $55.00 in a report on Monday, May 1st. BidaskClub downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Canaccord Genuity restated a “buy” rating on shares of US Ecology in a report on Friday, April 28th. Finally, BMO Capital Markets initiated coverage on shares of US Ecology in a report on Thursday, June 29th. They set a “market perform” rating and a $54.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.60.
In other news, Director Stephen A. Romano sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $52.05, for a total transaction of $156,150.00. Following the completion of the sale, the director now owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate 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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