Fenimore Asset Management Inc. trimmed its position in US Ecology Inc (NASDAQ:ECOL) by 43.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,605 shares of the business services provider’s stock after selling 190,477 shares during the quarter. Fenimore Asset Management Inc. owned approximately 1.12% of US Ecology worth $15,594,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in ECOL. BlackRock Inc. boosted its holdings in shares of US Ecology by 8.3% in the second quarter. BlackRock Inc. now owns 2,997,106 shares of the business services provider’s stock worth $190,914,000 after buying an additional 230,864 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of US Ecology by 4,461.9% in the second quarter. PNC Financial Services Group Inc. now owns 40,190 shares of the business services provider’s stock worth $2,560,000 after purchasing an additional 39,309 shares in the last quarter. Martingale Asset Management L P lifted its position in shares of US Ecology by 410.7% in the third quarter. Martingale Asset Management L P now owns 43,407 shares of the business services provider’s stock worth $3,202,000 after purchasing an additional 34,907 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of US Ecology by 61.2% in the third quarter. Renaissance Technologies LLC now owns 66,400 shares of the business services provider’s stock worth $4,897,000 after purchasing an additional 25,200 shares in the last quarter. Finally, Moody Aldrich Partners LLC lifted its position in shares of US Ecology by 74.9% in the second quarter. Moody Aldrich Partners LLC now owns 56,667 shares of the business services provider’s stock worth $3,610,000 after purchasing an additional 24,265 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
In related news, Director Stephen A. Romano sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $70.62, for a total transaction of $847,440.00. Following the transaction, the director now owns 12,695 shares of the company’s stock, valued at $896,520.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of US Ecology from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. BMO Capital Markets increased their price target on shares of US Ecology from $74.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 20th. Finally, Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “strong-buy” rating and set a $79.00 price target for the company in a research report on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. US Ecology currently has an average rating of “Hold” and a consensus target price of $70.60.
ECOL traded down $0.51 during midday trading on Friday, hitting $64.29. 1,067 shares of the company’s stock traded hands, compared to its average volume of 98,421. The firm has a market cap of $1.43 billion, a PE ratio of 37.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23. US Ecology Inc has a one year low of $44.90 and a one year high of $77.15.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $151.42 million for the quarter, compared to analyst estimates of $144.11 million. US Ecology had a net margin of 12.30% and a return on equity of 15.68%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that US Ecology Inc will post 2.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Friday, January 18th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, January 17th. US Ecology’s payout ratio is presently 41.86%.
US Ecology Company Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.
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