Pacer Advisors Inc. boosted its position in shares of Ecolab Inc. (NYSE:ECL) by 497.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,396 shares of the basic materials company’s stock after acquiring an additional 17,814 shares during the quarter. Pacer Advisors Inc.’s holdings in Ecolab were worth $4,257,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clean Yield Group bought a new position in shares of Ecolab in the first quarter valued at about $26,000. Wealth Quarterback LLC bought a new position in shares of Ecolab in the first quarter valued at about $27,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of Ecolab by 381.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 207 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 164 shares during the period. Marquette Asset Management LLC bought a new position in shares of Ecolab in the first quarter valued at about $39,000. Finally, Verus Capital Partners LLC raised its position in shares of Ecolab by 150.0% in the first quarter. Verus Capital Partners LLC now owns 250 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 150 shares during the period. 74.14% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Laurie M. Marsh sold 12,235 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $212.20, for a total value of $2,596,267.00. Following the sale, the executive vice president now directly owns 25,324 shares in the company, valued at approximately $5,373,752.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Victoria Reich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $209.93, for a total transaction of $209,930.00. Following the completion of the sale, the director now owns 21,306 shares in the company, valued at $4,472,768.58. The disclosure for this sale can be found here. Insiders have sold 49,023 shares of company stock worth $10,095,797 over the last quarter. Corporate insiders own 1.22% of the company’s stock.
Shares of Ecolab stock opened at $187.08 on Friday. The company has a market capitalization of $55.25 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 4.28 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 1.15. Ecolab Inc. has a 12-month low of $124.60 and a 12-month high of $231.36. The firm’s 50-day moving average price is $202.22 and its two-hundred day moving average price is $192.99.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.58 billion. Ecolab had a positive return on equity of 18.80% and a negative net margin of 6.17%. The company’s quarterly revenue was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 earnings per share. On average, sell-side analysts expect that Ecolab Inc. will post 4.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a yield of 1.00%. Ecolab’s payout ratio is 32.30%.
Several equities analysts have recently weighed in on the stock. Gabelli lowered shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. G.Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus upped their price target on shares of Ecolab from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. TheStreet downgraded shares of Ecolab from an “a-” rating to a “c+” rating in a research note on Tuesday. Finally, Argus decreased their price target on shares of Ecolab from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Ecolab presently has a consensus rating of “Hold” and a consensus price target of $190.43.
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.
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