Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Ecolab Inc. (NYSE:ECL) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,543 shares of the basic materials company’s stock after selling 38,894 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Ecolab worth $31,471,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Atlantic Trust LLC acquired a new position in Ecolab in the second quarter valued at approximately $106,000. IHT Wealth Management LLC boosted its holdings in Ecolab by 4.9% in the second 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. Archford Capital Strategies LLC boosted its holdings in Ecolab by 169.8% in the second quarter. Archford Capital Strategies LLC now owns 12,925 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 8,135 shares in the last quarter. Cerebellum GP LLC acquired a new position in Ecolab in the fourth quarter valued at approximately $174,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Ecolab in the second quarter valued at approximately $184,000. Institutional investors own 76.52% of the company’s stock.
Shares of Ecolab Inc. (ECL) traded up $0.96 during trading hours on Thursday, hitting $130.76. The company had a trading volume of 382,569 shares, compared to its average volume of 1,401,937. 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 $121.50 and a 1-year high of $140.50. The stock has a market cap of $37,368.18, a P/E ratio of 29.39, a P/E/G ratio of 1.89 and a beta of 1.06.
In related news, SVP Bruno Lavandier sold 347 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $134.77, for a total transaction of $46,765.19. Following the completion of the transaction, the senior vice president now owns 7,615 shares in the company, valued at approximately $1,026,273.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Larry L. Berger sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $137.37, for a total value of $713,911.89. Following the transaction, the vice president now owns 33,110 shares of the company’s stock, valued at approximately $4,548,320.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,446 shares of company stock valued at $7,886,307. Insiders own 1.49% of the company’s stock.
Several equities research analysts have recently weighed in on ECL shares. UBS Group increased their price objective on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Barclays restated a “buy” rating and set a $150.00 price target on shares of Ecolab in a research note on Wednesday, December 27th. Boenning Scattergood restated a “buy” rating on shares of Ecolab in a research note on Monday, January 22nd. Royal Bank of Canada reiterated a “buy” rating on shares of Ecolab in a research report on Friday, January 19th. Finally, Zacks Investment Research upgraded Ecolab from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Monday, January 29th. One research 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. The stock currently has a consensus rating of “Hold” and a consensus target price 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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