Quantbot Technologies LP Invests $4.87 Million in Ecolab Inc. (ECL)
Quantbot Technologies LP bought a new stake in Ecolab Inc. (NYSE:ECL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,873 shares of the basic materials company’s stock, valued at approximately $4,870,000.
Other institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its position in shares of Ecolab by 4.8% in the second quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 35 shares during the period. Atlantic Trust LLC bought a new stake in shares of Ecolab in the second quarter valued at about $106,000. IHT Wealth Management LLC boosted its position in shares of 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 acquiring an additional 38 shares during the period. Atwood & Palmer Inc. boosted its position in shares of Ecolab by 2.9% in the second quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 25 shares during the period. Finally, Harfst & Associates Inc. bought a new stake in shares of Ecolab in the first quarter valued at about $117,000. 75.70% of the stock is owned by institutional investors.
Shares of Ecolab Inc. (NYSE ECL) traded down $1.17 during midday trading on Thursday, reaching $130.23. The company’s stock had a trading volume of 1,104,500 shares, compared to its average volume of 927,781. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market capitalization of $37,963.34, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. Ecolab Inc. has a 12-month low of $114.05 and a 12-month high of $134.89.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. equities research analysts forecast that Ecolab Inc. will post 4.7 EPS for the current year.
A number of equities research analysts have recently issued reports on ECL shares. UBS AG boosted their target price on shares of Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada upped their price objective on shares of Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Instinet reaffirmed a “neutral” rating and set a $117.00 price objective (down previously from $120.00) on shares of Ecolab in a research report on Tuesday, September 12th. Nomura reaffirmed a “hold” rating and set a $117.00 price objective (down previously from $120.00) on shares of Ecolab in a research report on Tuesday, September 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $136.86.
In other news, insider Thomas W. Handley sold 7,397 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $130.63, for a total value of $966,270.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Maclennan acquired 450 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $131.77 per share, with a total value of $59,296.50. Following the purchase, the director now directly owns 1,514 shares of the company’s stock, valued at $199,499.78. The disclosure for this purchase can be found here. 1.49% of the stock is currently owned by insiders.
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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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