Intrinsic Edge Capital Management LLC acquired a new stake in shares of US Ecology, Inc. (NASDAQ:ECOL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,584 shares of the business services provider’s stock, valued at approximately $2,807,000. Intrinsic Edge Capital Management LLC owned 0.25% of US Ecology at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flinton Capital Management LLC raised its holdings in shares of US Ecology by 54.3% during the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 700 shares during the period. First Mercantile Trust Co. raised its holdings in shares of US Ecology by 2.0% during the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 40 shares during the period. Vestor Capital LLC acquired a new position in shares of US Ecology during the second quarter valued at about $116,000. Victory Capital Management Inc. raised its holdings in shares of US Ecology by 36.4% during the first quarter. Victory Capital Management Inc. now owns 2,779 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 742 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of US Ecology by 193.2% during the first quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 1,888 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

In related news, Director Stephen A. Romano sold 3,000 shares of US Ecology 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 transaction, the director now directly owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eric L. Gerratt sold 19,936 shares of US Ecology stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $46.80, for a total transaction of $933,004.80. Following the transaction, the chief financial officer now directly owns 31,447 shares of the company’s stock, valued at $1,471,719.60. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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ECOL has been the topic of several research reports. BidaskClub lowered shares of US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Sunday, July 30th. Canaccord Genuity restated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Friday, September 8th. BMO Capital Markets assumed coverage on shares of US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “sell” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. US Ecology presently has a consensus rating of “Hold” and a consensus price target of $53.75.

US Ecology, Inc. (NASDAQ ECOL) traded down 0.73% during midday trading on Friday, hitting $54.10. 11,865 shares of the company were exchanged. The stock has a 50 day moving average of $50.66 and a 200 day moving average of $50.06. US Ecology, Inc. has a 1-year low of $38.00 and a 1-year high of $55.75. The firm has a market capitalization of $1.18 billion, a PE ratio of 42.30 and a beta of 0.66.

US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company had revenue of $126.06 million during the quarter, compared to analysts’ expectations of $128.38 million. During the same period last year, the company posted $0.41 EPS. US Ecology’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that US Ecology, Inc. will post $1.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 20th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, October 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. US Ecology’s dividend payout ratio (DPR) is currently 56.25%.

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.

Institutional Ownership by Quarter for US Ecology (NASDAQ:ECOL)

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