Oak Ridge Investments LLC Has $14.72 Million Position in Ecolab Inc. (ECL)
Oak Ridge Investments LLC lowered its stake in Ecolab Inc. (NYSE:ECL) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,457 shares of the basic materials company’s stock after selling 12,649 shares during the quarter. Oak Ridge Investments LLC’s holdings in Ecolab were worth $14,720,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of ECL. Parallel Advisors LLC grew its stake in Ecolab by 13.8% during the 1st quarter. Parallel Advisors LLC now owns 2,414 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 292 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ecolab by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the basic materials company’s stock valued at $80,146,000 after buying an additional 34,714 shares in the last quarter. UBS Group AG grew its stake in shares of Ecolab by 11.8% in the 1st quarter. UBS Group AG now owns 2,822,097 shares of the basic materials company’s stock valued at $353,722,000 after buying an additional 297,405 shares in the last quarter. Harfst & Associates Inc. bought a new stake in shares of Ecolab in the 1st quarter valued at approximately $117,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Ecolab in the 1st quarter valued at approximately $59,389,000. 75.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David Maclennan purchased 450 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $131.77 per share, for a total transaction of $59,296.50. Following the completion of the purchase, the director now directly owns 1,514 shares in the company, valued at $199,499.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas W. Handley sold 7,397 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total value of $966,270.11. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.
Ecolab Inc. (NYSE:ECL) traded up $1.76 during trading hours on Friday, reaching $131.99. The company’s stock had a trading volume of 1,423,000 shares, compared to its average volume of 930,012. The firm has a market capitalization of $38,070.00, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Ecolab Inc. has a 1 year low of $114.09 and a 1 year high of $134.89.
Ecolab (NYSE:ECL) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. Ecolab’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. sell-side analysts expect that Ecolab Inc. will post 4.7 EPS for the current year.
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Several equities research analysts recently weighed in on ECL shares. Zacks Investment Research lowered Ecolab from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Canaccord Genuity boosted their target price on Ecolab from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Deutsche Bank AG boosted their target price on Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and set a $147.00 price target (up from $144.00) on shares of Ecolab in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $130.00 price target on shares of Ecolab in a report on Thursday, August 3rd. One 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’s stock. Ecolab presently has an average rating of “Hold” and an average price target of $136.86.
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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