Fenimore Asset Management Inc. increased its holdings in US Ecology Inc (NASDAQ:ECOL) by 5.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 428,331 shares of the business services provider’s stock after purchasing an additional 22,364 shares during the quarter. Fenimore Asset Management Inc.’s holdings in US Ecology were worth $21,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of ECOL. Goldman Sachs Group Inc. grew its holdings in US Ecology by 866.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 130,602 shares of the business services provider’s stock worth $6,596,000 after buying an additional 117,083 shares in the last quarter. Macquarie Group Ltd. grew its holdings in US Ecology by 12.0% in the 3rd quarter. Macquarie Group Ltd. now owns 730,448 shares of the business services provider’s stock worth $39,298,000 after buying an additional 78,223 shares in the last quarter. WCM Investment Management CA grew its holdings in US Ecology by 500.2% in the 4th quarter. WCM Investment Management CA now owns 47,127 shares of the business services provider’s stock worth $2,403,000 after buying an additional 39,275 shares in the last quarter. Vanguard Group Inc. grew its holdings in US Ecology by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,181,278 shares of the business services provider’s stock worth $59,654,000 after buying an additional 37,488 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in US Ecology in the 4th quarter worth approximately $1,791,000. 87.43% of the stock is owned by institutional investors and hedge funds.
US Ecology Inc (ECOL) opened at $47.35 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $1,061.87, a price-to-earnings ratio of 39.46 and a beta of 0.72. US Ecology Inc has a one year low of $44.50 and a one year high of $55.75.
The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 19th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, January 18th. US Ecology’s payout ratio is currently 60.00%.
A number of equities analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $52.00 price objective on shares of US Ecology in a report on Wednesday, January 24th. BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Monday, January 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $57.00 price objective (down from $60.00) on shares of US Ecology in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. US Ecology presently has a consensus rating of “Hold” and a consensus target price of $53.80.
In other US Ecology news, CEO Jeffrey R. Feeler sold 3,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $50.56, for a total transaction of $151,680.00. Following the completion of the transaction, the chief executive officer now directly owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
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US Ecology 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.
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