Voya Investment Management LLC Sells 20,546 Shares of US Ecology, Inc. (ECOL)
Voya Investment Management LLC lessened its stake in shares of US Ecology, Inc. (NASDAQ:ECOL) by 64.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,088 shares of the business services provider’s stock after selling 20,546 shares during the period. Voya Investment Management LLC owned 0.05% of US Ecology worth $560,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Epoch Investment Partners Inc. grew its holdings in US Ecology by 2.8% during the second quarter. Epoch Investment Partners Inc. now owns 536,774 shares of the business services provider’s stock valued at $27,108,000 after purchasing an additional 14,685 shares during the period. Parametric Portfolio Associates LLC grew its holdings in US Ecology by 29.5% during the second quarter. Parametric Portfolio Associates LLC now owns 17,322 shares of the business services provider’s stock valued at $875,000 after purchasing an additional 3,951 shares during the period. California Public Employees Retirement System grew its holdings in US Ecology by 2.0% during the second quarter. California Public Employees Retirement System now owns 91,100 shares of the business services provider’s stock valued at $4,601,000 after purchasing an additional 1,800 shares during the period. Vanguard Group Inc. grew its holdings in US Ecology by 3.3% during the second quarter. Vanguard Group Inc. now owns 1,181,278 shares of the business services provider’s stock valued at $59,654,000 after purchasing an additional 37,488 shares during the period. Finally, Northern Trust Corp grew its holdings in US Ecology by 2.4% during the second quarter. Northern Trust Corp now owns 310,792 shares of the business services provider’s stock valued at $15,695,000 after purchasing an additional 7,319 shares during the period. 85.60% of the stock is owned by institutional investors and hedge funds.
In other news, Director Katina Dorton bought 600 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average cost of $47.16 per share, for a total transaction of $28,296.00. Following the completion of the transaction, the director now owns 3,970 shares of the company’s stock, valued at $187,225.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric L. Gerratt sold 19,936 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,471,719.60. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Several research firms have issued reports on ECOL. Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a research note on Friday, October 6th. BidaskClub lowered US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a research note on Wednesday, August 9th. Finally, BMO Capital Markets dropped their price objective on US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. US Ecology has a consensus rating of “Hold” and an average target price of $51.25.
US Ecology, Inc. (ECOL) opened at $48.05 on Friday. The firm has a market capitalization of $1,049.84, a PE ratio of 35.86, a PEG ratio of 5.97 and a beta of 0.70. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.00 and a quick ratio of 1.91. US Ecology, Inc. has a one year low of $39.30 and a one year high of $55.75.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.23). The business had revenue of $135.05 million during the quarter, compared to the consensus estimate of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. research analysts forecast that US Ecology, Inc. will post 1.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 20th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, October 19th. US Ecology’s dividend payout ratio (DPR) is 60.00%.
US Ecology Profile
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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