Hara Capital LLC Purchases New Holdings in Ecolab Inc. (NYSE:ECL)

by · The Cerbat Gem

Hara Capital LLC acquired a new position in shares of Ecolab Inc. (NYSE:ECL – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 155 shares of the basic materials company’s stock, valued at approximately $40,000.

A number of other hedge funds have also made changes to their positions in ECL. Swedbank AB acquired a new position in Ecolab in the 1st quarter valued at $390,687,000. International Assets Investment Management LLC grew its holdings in shares of Ecolab by 27,950.4% during the third quarter. International Assets Investment Management LLC now owns 738,567 shares of the basic materials company’s stock worth $188,578,000 after buying an additional 735,934 shares in the last quarter. Marshall Wace LLP raised its position in shares of Ecolab by 295.2% in the second quarter. Marshall Wace LLP now owns 791,246 shares of the basic materials company’s stock valued at $188,317,000 after buying an additional 591,040 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Ecolab by 1.3% in the first quarter. Vanguard Group Inc. now owns 23,486,858 shares of the basic materials company’s stock worth $5,423,116,000 after buying an additional 304,402 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Ecolab by 580.7% during the second quarter. 1832 Asset Management L.P. now owns 303,565 shares of the basic materials company’s stock worth $72,248,000 after acquiring an additional 258,971 shares during the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

Insider Buying and Selling

In other news, EVP Gregory B. Cook sold 3,811 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $249.33, for a total value of $950,196.63. Following the transaction, the executive vice president now owns 8,080 shares in the company, valued at approximately $2,014,586.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ecolab news, EVP Gregory B. Cook sold 3,811 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $249.33, for a total value of $950,196.63. Following the completion of the sale, the executive vice president now owns 8,080 shares in the company, valued at approximately $2,014,586.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Gates III sold 65,015 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $243.80, for a total transaction of $15,850,657.00. Following the sale, the insider now owns 30,388,741 shares of the company’s stock, valued at approximately $7,408,775,055.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 478,355 shares of company stock worth $117,922,965 over the last 90 days. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

ECL has been the topic of a number of research reports. Wells Fargo & Company reissued a “market perform” rating on shares of Ecolab in a research note on Friday, October 18th. UBS Group downgraded Ecolab from a “buy” rating to a “neutral” rating and set a $276.00 price objective on the stock. in a research report on Monday. Citigroup raised Ecolab from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $267.00 to $265.00 in a research note on Wednesday, July 31st. Piper Sandler boosted their price target on shares of Ecolab from $270.00 to $305.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Finally, Bank of America upgraded shares of Ecolab from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $251.00 to $272.00 in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $277.20.

Get Our Latest Research Report on ECL

Ecolab Trading Up 0.6 %

NYSE ECL opened at $246.29 on Friday. Ecolab Inc. has a one year low of $174.08 and a one year high of $262.61. The firm has a 50 day simple moving average of $252.45 and a 200-day simple moving average of $242.49. The firm has a market cap of $69.74 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.30.

Ecolab (NYSE:ECL – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.01. Ecolab had a return on equity of 22.12% and a net margin of 13.05%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the company earned $1.54 EPS. Ecolab’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Ecolab Inc. will post 6.66 EPS for the current fiscal year.

About Ecolab

(Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

Featured Articles

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 – Free Report).