Sheets Smith Wealth Management buys $3.8 Million stake in US Ecology Inc (ECOL)

US Ecology Inc (ECOL) : Sheets Smith Wealth Management scooped up 400 additional shares in US Ecology Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 89,187 shares of US Ecology Inc which is valued at $3.8 Million.US Ecology Inc makes up approximately 1.19% of Sheets Smith Wealth Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in ECOL in the latest quarter, The investment management firm added 8,408 additional shares and now holds a total of 149,168 shares of US Ecology Inc which is valued at $6.4 Million.First Trust Advisors Lp reduced its stake in ECOL by selling 29,663 shares or 52.55% in the most recent quarter. The Hedge Fund company now holds 26,781 shares of ECOL which is valued at $1.2 Million.Tiaa Cref Investment Management reduced its stake in ECOL by selling 3,354 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 70,429 shares of ECOL which is valued at $3.1 Million.Pier Capital reduced its stake in ECOL by selling 115,769 shares or 80.08% in the most recent quarter. The Hedge Fund company now holds 28,801 shares of ECOL which is valued at $1.3 Million. US Ecology Inc makes up approx 0.25% of Pier Capital’s portfolio.

US Ecology Inc opened for trading at $44.63 and hit $44.96 on the upside on Wednesday, eventually ending the session at $44.76, with a gain of 0.88% or 0.39 points. The heightened volatility saw the trading volume jump to 74,094 shares. Company has a market cap of $974 M.

On the company’s financial health, US Ecology Inc reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.25. The company had revenue of $113.30 million for the quarter, compared to analysts expectations of $111.86 million. The company’s revenue was down -17.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on US Ecology Inc. Barclays Initiated US Ecology Inc on May 18, 2016 to “Equal Weight”, Price Target of the shares are set at $48.Imperial Capital Downgraded US Ecology Inc on May 3, 2016 to ” In-line”, Price Target of the shares are set at $48.50.Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

US Ecology Inc. (US Ecology) is a North American provider of environmental services to commercial and government entities. The Company operates in two business segments: Environmental Services and Field & Industrial Services. The Environmental Services segment includes all of the legacy US Ecology operations and the legacy EQ treatment and disposal facilities. It provides a range of hazardous material management services including transportation recycling treatment and disposal of hazardous and non-hazardous waste at Company-owned landfill wastewater and other treatment facilities. The Field & Industrial Services segment includes all of the field and industrial service business of the legacy EQ operation. It provides packaging and collection of hazardous waste and total waste management solutions at customer sites and through its 10-day transfer facilities.

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