Ecolab Inc. (NYSE:ECL) Shares Acquired by NuWave Investment Management LLC

Share on StockTwits

NuWave Investment Management LLC raised its holdings in shares of Ecolab Inc. (NYSE:ECL) by 145.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,024 shares of the basic materials company’s stock after buying an additional 1,792 shares during the quarter. NuWave Investment Management LLC’s holdings in Ecolab were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its stake in Ecolab by 23.9% in the first quarter. First Trust Advisors LP now owns 232,511 shares of the basic materials company’s stock worth $41,047,000 after purchasing an additional 44,808 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Ecolab by 21.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 179,944 shares of the basic materials company’s stock worth $31,768,000 after purchasing an additional 31,332 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in Ecolab by 7.5% in the first quarter. Belpointe Asset Management LLC now owns 3,424 shares of the basic materials company’s stock worth $604,000 after purchasing an additional 238 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Ecolab by 7.9% in the first quarter. Princeton Global Asset Management LLC now owns 3,675 shares of the basic materials company’s stock worth $648,000 after purchasing an additional 270 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its stake in Ecolab by 1.1% in the first quarter. ZWJ Investment Counsel Inc. now owns 76,178 shares of the basic materials company’s stock worth $13,448,000 after purchasing an additional 844 shares during the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.

In related news, EVP Alex N. Blanco sold 51,400 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $203.07, for a total transaction of $10,437,798.00. Following the transaction, the executive vice president now owns 59,425 shares in the company, valued at $12,067,434.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darrell R. Brown sold 12,678 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the transaction, the executive vice president now owns 21,061 shares in the company, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. Insiders have sold 66,358 shares of company stock worth $13,423,309 in the last quarter. 1.52% of the stock is owned by corporate insiders.

Shares of ECL stock traded up $0.75 during mid-day trading on Tuesday, reaching $194.76. The stock had a trading volume of 372,113 shares, compared to its average volume of 953,960. The stock’s 50-day moving average price is $198.65 and its two-hundred day moving average price is $193.03. Ecolab Inc. has a 52-week low of $135.77 and a 52-week high of $209.87. The firm has a market capitalization of $56.04 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.64 and a beta of 0.81. The company has a current ratio of 1.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the company earned $1.27 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Ecolab Inc. will post 5.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, September 16th. Ecolab’s dividend payout ratio is currently 35.05%.

Several research firms have weighed in on ECL. BMO Capital Markets boosted their price target on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. UBS Group set a $202.00 price target on shares of Ecolab and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Credit Suisse Group set a $181.00 price target on shares of Ecolab and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. ValuEngine cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Nomura boosted their price objective on shares of Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $193.14.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

Further Reading: Mutual Funds

Want to see what other hedge funds are holding ECL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecolab Inc. (NYSE:ECL).

Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.