Nordea Investment Management AB acquired a new position in US Ecology Inc (NASDAQ:ECOL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,233 shares of the business services provider’s stock, valued at approximately $3,932,000. Nordea Investment Management AB owned about 0.32% of US Ecology at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ECOL. Norges Bank bought a new stake in US Ecology in the fourth quarter worth about $12,049,000. Martingale Asset Management L P raised its stake in US Ecology by 93.3% in the fourth quarter. Martingale Asset Management L P now owns 83,908 shares of the business services provider’s stock worth $5,286,000 after buying an additional 40,501 shares in the last quarter. Bessemer Group Inc. raised its stake in US Ecology by 151.8% in the fourth quarter. Bessemer Group Inc. now owns 39,810 shares of the business services provider’s stock worth $2,508,000 after buying an additional 24,000 shares in the last quarter. Geode Capital Management LLC raised its stake in US Ecology by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 254,447 shares of the business services provider’s stock worth $16,025,000 after buying an additional 22,292 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in US Ecology by 28.9% in the fourth quarter. First Trust Advisors LP now owns 93,803 shares of the business services provider’s stock worth $5,908,000 after buying an additional 21,057 shares in the last quarter. 82.42% of the stock is owned by institutional investors and hedge funds.
ECOL has been the subject of a number of recent research reports. UBS Group reissued a “hold” rating on shares of Deutsche Bank in a research note on Thursday, April 4th. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Finally, Zacks Investment Research lowered shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.20.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). US Ecology had a return on equity of 13.59% and a net margin of 8.39%. The firm had revenue of $131.00 million during the quarter, compared to analyst estimates of $130.90 million. During the same quarter last year, the company posted $0.42 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that US Ecology Inc will post 2.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $0.72 annualized dividend and a yield of 1.15%. US Ecology’s dividend payout ratio is presently 31.03%.
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 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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