Stratos Wealth Partners LTD. Buys New Stake in US Ecology, Inc. (NASDAQ:ECOL)
Stratos Wealth Partners LTD. bought a new stake in shares of US Ecology, Inc. (NASDAQ:ECOL) during the second quarter, Holdings Channel reports. The institutional investor bought 4,055 shares of the business services provider’s stock, valued at approximately $205,000.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position 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 valued at $121,579,000 after buying an additional 2,593,133 shares in the last quarter. Norges Bank purchased a new position in US Ecology during the fourth quarter valued at approximately $6,354,000. GW&K Investment Management LLC increased its position in US Ecology by 23.8% in the second quarter. GW&K Investment Management LLC now owns 511,609 shares of the business services provider’s stock valued at $25,836,000 after buying an additional 98,202 shares in the last quarter. Vanguard Group Inc. increased its position 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 valued at $53,586,000 after buying an additional 60,791 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position 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 valued at $45,457,000 after buying an additional 56,064 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.
US Ecology, Inc. (ECOL) opened at 47.85 on Friday. The stock’s 50 day moving average price is $51.75 and its 200-day moving average price is $50.17. US Ecology, Inc. has a 12 month low of $38.00 and a 12 month high of $55.00. The company has a market capitalization of $1.04 billion, a P/E ratio of 37.41 and a beta of 0.67.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The firm had revenue of $126.06 million during the quarter, compared to analysts’ expectations of $128.38 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that US Ecology, Inc. will post $1.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st 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 Wednesday, July 19th. US Ecology’s dividend payout ratio (DPR) is presently 56.25%.
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ECOL has been the subject of several research reports. Stifel Nicolaus upgraded US Ecology from a “hold” rating to a “buy” rating and increased their target price for the company from $51.00 to $55.00 in a research report on Monday, May 1st. BidaskClub downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Canaccord Genuity reiterated a “buy” rating on shares of US Ecology in a research report on Friday, April 28th. Finally, BMO Capital Markets initiated coverage on US Ecology in a research report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.60.
In other news, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was 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 owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% 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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