Ecolab Inc. (NYSE:ECL) Shares Sold by Quest Capital Management Inc. ADV

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Quest Capital Management Inc. ADV cut its holdings in Ecolab Inc. (NYSE:ECL) by 98.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,467 shares of the basic materials company’s stock after selling 118,218 shares during the quarter. Quest Capital Management Inc. ADV’s holdings in Ecolab were worth $290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenleaf Trust increased its stake in Ecolab by 2.6% in the second quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 92 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of 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 valued at $648,000 after acquiring an additional 270 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Ecolab by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 255,687 shares of the basic materials company’s stock valued at $45,139,000 after acquiring an additional 2,065 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Ecolab in the first quarter valued at about $94,000. Finally, Ironwood Investment Management LLC boosted its holdings in shares of Ecolab by 7.7% in the first quarter. Ironwood Investment Management LLC now owns 2,074 shares of the basic materials company’s stock valued at $366,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 75.59% 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 sale, the executive vice president now owns 59,425 shares of the company’s stock, valued at $12,067,434.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victoria Reich sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $199.25, for a total transaction of $298,875.00. Following the completion of the sale, the director now directly owns 20,987 shares in the company, valued at approximately $4,181,659.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,650 shares of company stock worth $18,898,540. 1.52% of the stock is owned by insiders.

Several analysts have recently weighed in on ECL shares. Canaccord Genuity lifted their target price on shares of Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Argus lifted their target price on shares of Ecolab from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. BMO Capital Markets lifted their target price on shares of Ecolab from $180.00 to $208.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Nomura lifted their target price on shares of Ecolab from $208.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ecolab has an average rating of “Hold” and a consensus price target of $192.00.

ECL stock traded down $0.42 during trading on Tuesday, reaching $208.15. 6,097 shares of the company were exchanged, compared to its average volume of 1,065,197. The company has a market cap of $59.81 billion, a P/E ratio of 39.56, a PEG ratio of 2.80 and a beta of 0.84. Ecolab Inc. has a 52-week low of $135.77 and a 52-week high of $209.87. The stock’s 50 day moving average price is $200.26 and its 200 day moving average price is $184.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 1.18.

Ecolab (NYSE:ECL) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.01. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.79 billion. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, equities research analysts forecast that Ecolab Inc. will post 5.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, September 16th. Ecolab’s dividend payout ratio is currently 35.05%.

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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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