Keybank National Association OH Invests $612,000 in US Ecology Inc (NASDAQ:ECOL)

Keybank National Association OH bought a new position in shares of US Ecology Inc (NASDAQ:ECOL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,283 shares of the business services provider’s stock, valued at approximately $612,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its position in shares of US Ecology by 12.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 252,033 shares of the business services provider’s stock worth $15,006,000 after acquiring an additional 27,389 shares in the last quarter. Moody Aldrich Partners LLC raised its position in shares of US Ecology by 32.5% in the 2nd quarter. Moody Aldrich Partners LLC now owns 97,769 shares of the business services provider’s stock worth $5,821,000 after acquiring an additional 23,971 shares in the last quarter. Rothschild & Co. Asset Management US Inc. increased its position in US Ecology by 47.3% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 387,808 shares of the business services provider’s stock valued at $23,090,000 after buying an additional 124,458 shares in the last quarter. Arizona State Retirement System increased its position in US Ecology by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 34,265 shares of the business services provider’s stock valued at $2,040,000 after buying an additional 219 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in US Ecology by 3.3% in the 2nd quarter. Bessemer Group Inc. now owns 55,700 shares of the business services provider’s stock valued at $3,316,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 81.42% of the company’s stock.

ECOL has been the subject of a number of research analyst reports. ValuEngine raised US Ecology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $66.00.

ECOL stock opened at $60.07 on Wednesday. The company has a market capitalization of $1.35 billion, a P/E ratio of 25.89 and a beta of 0.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.08 and a current ratio of 2.08. US Ecology Inc has a 52-week low of $54.24 and a 52-week high of $77.15. The business has a 50-day simple moving average of $61.53 and a two-hundred day simple moving average of $59.81.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $155.80 million during the quarter, compared to the consensus estimate of $147.60 million. US Ecology had a return on equity of 13.59% and a net margin of 8.50%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts forecast that US Ecology Inc will post 2.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. US Ecology’s dividend payout ratio (DPR) is currently 31.03%.

About US Ecology

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through 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, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.

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

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