US Ecology Inc. (ECOL) to Issue Quarterly Dividend of $0.18
US Ecology Inc. (NASDAQ:ECOL) declared a quarterly dividend on Monday, October 3rd. Stockholders of record on Friday, October 21st will be paid a dividend of 0.18 per share on Friday, October 28th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, October 19th.
Shares of US Ecology (NASDAQ:ECOL) traded up 0.51% on Monday, hitting $45.07. The stock had a trading volume of 100,274 shares. The company has a market cap of $981.31 million, a P/E ratio of 28.71 and a beta of 0.97. The company has a 50-day moving average of $44.06 and a 200-day moving average of $44.49. US Ecology has a 52-week low of $29.89 and a 52-week high of $49.39.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. US Ecology had a return on equity of 12.67% and a net margin of 6.52%. The firm had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $122.16 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue was down 12.5% compared to the same quarter last year. On average, equities analysts anticipate that US Ecology will post $1.81 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut US Ecology from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Barclays PLC cut US Ecology from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $48.00 to $40.00 in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.30.
In other US Ecology news, Director Katina Dorton bought 1,330 shares of the company’s stock in a transaction on Monday, September 12th. The stock was acquired at an average price of $44.33 per share, for a total transaction of $58,958.90. Following the completion of the transaction, the director now directly owns 3,070 shares of the company’s stock, valued at $136,093.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of US Ecology by 39.8% in the second quarter. BlackRock Inc. now owns 2,209 shares of the company’s stock worth $102,000 after buying an additional 629 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in shares of US Ecology during the second quarter worth about $110,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of US Ecology by 37.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,000 shares of the company’s stock worth $368,000 after buying an additional 2,200 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of US Ecology by 3.0% in the second quarter. BlackRock Advisors LLC now owns 10,455 shares of the company’s stock worth $480,000 after buying an additional 300 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of US Ecology by 5.8% in the second quarter. Thrivent Financial for Lutherans now owns 10,570 shares of the company’s stock worth $486,000 after buying an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.
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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