US Ecology, Inc. (ECOL) Stake Lessened by BlackRock Inc.

BlackRock Inc. lowered its position in US Ecology, Inc. (NASDAQ:ECOL) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,574,619 shares of the business services provider’s stock after selling 20,456 shares during the period. BlackRock Inc. owned 11.80% of US Ecology worth $130,018,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of ECOL. GW&K Investment Management LLC lifted its position in shares of US Ecology by 23.8% in the 2nd quarter. GW&K Investment Management LLC now owns 511,609 shares of the business services provider’s stock worth $25,836,000 after purchasing an additional 98,202 shares during the period. Aberdeen Asset Management PLC UK lifted its position in shares of US Ecology by 7.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock worth $52,605,000 after purchasing an additional 71,411 shares during the period. Vanguard Group Inc. lifted its position in shares of US Ecology by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock worth $53,586,000 after purchasing an additional 60,791 shares during the period. State Street Corp lifted its position in shares of US Ecology by 7.1% in the 1st quarter. State Street Corp now owns 499,482 shares of the business services provider’s stock worth $23,397,000 after purchasing an additional 33,191 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of US Ecology by 18.2% in the 1st quarter. Bank of America Corp DE now owns 141,794 shares of the business services provider’s stock worth $6,643,000 after purchasing an additional 21,806 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $46.80, for a total transaction of $933,004.80. Following the completion of the transaction, the chief financial officer now owns 31,447 shares of the company’s stock, valued at $1,471,719.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katina Dorton acquired 600 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of $47.16 per share, with a total value of $28,296.00. Following the transaction, the director now directly owns 3,970 shares of the company’s stock, valued at approximately $187,225.20. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

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US Ecology, Inc. (ECOL) opened at 53.05 on Monday. The firm has a market cap of $1.16 billion, a P/E ratio of 41.48 and a beta of 0.66. US Ecology, Inc. has a 52-week low of $38.00 and a 52-week high of $55.75. The company’s 50 day moving average is $51.85 and its 200-day moving average is $50.37.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 20th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, October 19th. US Ecology’s dividend payout ratio is currently 56.25%.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Sunday, July 30th. BidaskClub upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Canaccord Genuity reiterated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Friday, September 8th. BMO Capital Markets assumed coverage on

Several other hedge funds and other institutional investors have also recently modified their holdings of ECOL. GW&K Investment Management LLC lifted its position in shares of US Ecology by 23.8% in the 2nd quarter. GW&K Investment Management LLC now owns 511,609 shares of the business services provider’s stock worth $25,836,000 after purchasing an additional 98,202 shares during the period. Aberdeen Asset Management PLC UK lifted its position in shares of US Ecology by 7.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,041,692 shares of the business services provider’s stock worth $52,605,000 after purchasing an additional 71,411 shares during the period. Vanguard Group Inc. lifted its position in shares of US Ecology by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock worth $53,586,000 after purchasing an additional 60,791 shares during the period. State Street Corp lifted its position in shares of US Ecology by 7.1% in the 1st quarter. State Street Corp now owns 499,482 shares of the business services provider’s stock worth $23,397,000 after purchasing an additional 33,191 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of US Ecology by 18.2% in the 1st quarter. Bank of America Corp DE now owns 141,794 shares of the business services provider’s stock worth $6,643,000 after purchasing an additional 21,806 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $46.80, for a total transaction of $933,004.80. Following the completion of the transaction, the chief financial officer now owns 31,447 shares of the company’s stock, valued at $1,471,719.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katina Dorton acquired 600 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of $47.16 per share, with a total value of $28,296.00. Following the transaction, the director now directly owns 3,970 shares of the company’s stock, valued at approximately $187,225.20. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/16/us-ecology-inc-ecol-stake-lessened-by-blackrock-inc.html.

US Ecology, Inc. (ECOL) opened at 53.05 on Monday. The firm has a market cap of $1.16 billion, a P/E ratio of 41.48 and a beta of 0.66. US Ecology, Inc. has a 52-week low of $38.00 and a 52-week high of $55.75. The company’s 50 day moving average is $51.85 and its 200-day moving average is $50.37.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 20th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, October 19th. US Ecology’s dividend payout ratio is currently 56.25%.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Sunday, July 30th. BidaskClub upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Canaccord Genuity reiterated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Friday, September 8th. BMO Capital Markets assumed coverage on shares of US Ecology in a research report on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Three 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 currently has a consensus rating of “Hold” and an average target price of $53.75.

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.

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

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