Ecolab Inc. (ECL) Holdings Reduced by Advisors Asset Management Inc.
Advisors Asset Management Inc. lowered its position in Ecolab Inc. (NYSE:ECL) by 32.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,717 shares of the basic materials company’s stock after selling 13,124 shares during the quarter. Advisors Asset Management Inc.’s holdings in Ecolab were worth $3,565,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. TCI Wealth Advisors Inc. raised its stake in shares of Ecolab by 4.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 35 shares in the last quarter. Atlantic Trust LLC acquired a new stake in shares of Ecolab in the 2nd quarter valued at about $106,000. IHT Wealth Management LLC raised its stake in shares of Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 38 shares in the last quarter. Atwood & Palmer Inc. raised its stake in shares of Ecolab by 2.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 25 shares in the last quarter. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Ecolab in the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.
ECL has been the topic of a number of recent analyst reports. Credit Suisse Group restated a “hold” rating on shares of Ecolab in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada upped their target price on shares of Ecolab from $134.00 to $137.00 and gave the company an “outperform” rating in a research note on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and issued a $145.00 target price on shares of Ecolab in a research note on Monday, September 11th. Finally, Nomura restated a “hold” rating and issued a $117.00 target price (down previously from $120.00) on shares of Ecolab in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $136.86.
In other Ecolab news, Director David Maclennan acquired 450 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $131.77 per share, with a total value of $59,296.50. Following the transaction, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.
Shares of Ecolab Inc. (NYSE ECL) traded up $0.54 during trading hours on Friday, hitting $132.99. 1,331,200 shares of the company were exchanged, compared to its average volume of 936,676. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a twelve month low of $115.78 and a twelve month high of $134.89. The company has a market cap of $38,422.71, a P/E ratio of 29.23, a PEG ratio of 2.22 and a beta of 1.04.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts expect that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
Ecolab Company Profile
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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