Alliancebernstein L.P. Holds Position in US Ecology, Inc. (NASDAQ:ECOL)
Alliancebernstein L.P. continued to hold its stake in shares of US Ecology, Inc. (NASDAQ:ECOL) during the first quarter, according to its most recent filing with the SEC. The fund owned 32,608 shares of the business services provider’s stock at the end of the first quarter. Alliancebernstein L.P. owned approximately 0.15% of US Ecology worth $1,528,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of US Ecology by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,410 shares of the business services provider’s stock valued at $112,000 after buying an additional 50 shares during the period. LS Investment Advisors LLC boosted its stake in shares of US Ecology by 210.9% in the first quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,725 shares during the period. Victory Capital Management Inc. boosted its stake in shares of US Ecology by 36.4% in the first quarter. Victory Capital Management Inc. now owns 2,779 shares of the business services provider’s stock valued at $130,000 after buying an additional 742 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of US Ecology by 193.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock valued at $133,000 after buying an additional 1,888 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of US Ecology by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,725 shares of the business services provider’s stock valued at $221,000 after buying an additional 137 shares during the period. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of US Ecology, Inc. (NASDAQ:ECOL) traded down 1.91% during midday trading on Friday, reaching $46.20. The company’s stock had a trading volume of 52,012 shares. US Ecology, Inc. has a 52 week low of $38.00 and a 52 week high of $55.00. The stock has a market capitalization of $1.01 billion, a PE ratio of 36.12 and a beta of 0.67. The company has a 50 day moving average price of $51.28 and a 200-day moving average price of $50.05.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. The business had revenue of $126.06 million during the quarter, compared to the consensus estimate of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. On average, equities research analysts expect that US Ecology, Inc. will post $1.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.56%. US Ecology’s dividend payout ratio is currently 56.25%.
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Several brokerages have recently issued reports on ECOL. Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Wednesday, August 9th. BidaskClub cut US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BMO Capital Markets began coverage on US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 target price on shares of US Ecology in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $53.60.
In other news, Director Stephen A. Romano sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,477,959.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
US Ecology Company 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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