Ecolab Inc. (ECL) is C WorldWide Group Holding A S’s 4th Largest Position
C WorldWide Group Holding A S raised its stake in Ecolab Inc. (NYSE:ECL) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,842,375 shares of the basic materials company’s stock after buying an additional 73,309 shares during the quarter. Ecolab comprises approximately 7.5% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 4th biggest holding. C WorldWide Group Holding A S’s holdings in Ecolab were worth $515,570,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Atlantic Trust LLC bought a new stake in shares of Ecolab in the second quarter worth $106,000. IHT Wealth Management LLC lifted its position in shares of Ecolab by 4.9% in the second quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 38 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Ecolab in the fourth quarter worth $125,000. Community Bank N.A. bought a new stake in shares of Ecolab in the fourth quarter worth $140,000. Finally, Archford Capital Strategies LLC lifted its position in shares of Ecolab by 169.8% in the second quarter. Archford Capital Strategies LLC now owns 12,925 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 8,135 shares in the last quarter. 76.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ecolab Inc. (NYSE ECL) opened at $128.52 on Friday. 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 1 year low of $120.11 and a 1 year high of $140.50. The stock has a market cap of $37,130.00, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.06.
In other Ecolab news, SVP Bruno Lavandier sold 347 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $134.77, for a total transaction of $46,765.19. Following the sale, the senior vice president now directly owns 7,615 shares of the company’s stock, valued at $1,026,273.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas W. Handley sold 11,644 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $137.50, for a total transaction of $1,601,050.00. Following the sale, the insider now directly owns 109,542 shares in the company, valued at $15,062,025. The disclosure for this sale can be found here. Insiders have sold 57,446 shares of company stock worth $7,886,307 over the last ninety days. Insiders own 1.49% of the company’s stock.
ECL has been the topic of a number of research reports. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price objective on shares of Ecolab in a research report on Wednesday, November 1st. Jefferies Group boosted their price objective on shares of Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Barclays boosted their price objective on shares of Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. UBS Group boosted their price objective on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Ecolab has an average rating of “Hold” and a consensus price target of $140.07.
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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