Waterloo Capital L.P. grew its holdings in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 31.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,978 shares of the basic materials company’s stock after purchasing an additional 714 shares during the quarter. Waterloo Capital L.P.’s holdings in Ecolab were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Ecolab by 164.7% during the 4th quarter. Brighton Jones LLC now owns 3,700 shares of the basic materials company’s stock worth $867,000 after acquiring an additional 2,302 shares in the last quarter. IFP Advisors Inc boosted its position in Ecolab by 38.7% during the first quarter. IFP Advisors Inc now owns 1,058 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 295 shares during the period. Pinnacle Associates Ltd. boosted its position in Ecolab by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 3,781 shares of the basic materials company’s stock worth $959,000 after purchasing an additional 53 shares during the period. Avantax Advisory Services Inc. grew its holdings in Ecolab by 10.7% during the first quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the basic materials company’s stock valued at $1,997,000 after purchasing an additional 759 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Ecolab by 0.4% in the first quarter. Assetmark Inc. now owns 18,839 shares of the basic materials company’s stock valued at $4,776,000 after purchasing an additional 71 shares during the period. 74.91% of the stock is currently owned by institutional investors.
Ecolab Price Performance
Shares of NYSE:ECL opened at $267.01 on Monday. The firm has a market capitalization of $75.63 billion, a PE ratio of 38.36, a PEG ratio of 2.65 and a beta of 1.07. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83. Ecolab Inc. has a 1-year low of $221.62 and a 1-year high of $286.04. The business’s 50 day moving average is $267.53 and its 200-day moving average is $268.15.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on ECL shares. Erste Group Bank began coverage on shares of Ecolab in a research note on Tuesday, October 14th. They issued a “buy” rating on the stock. UBS Group decreased their price target on shares of Ecolab from $299.00 to $291.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Evercore ISI upgraded Ecolab from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $265.00 to $300.00 in a research note on Monday, November 3rd. JPMorgan Chase & Co. boosted their price objective on Ecolab from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ecolab in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.14.
Read Our Latest Stock Report on ECL
Insider Buying and Selling at Ecolab
In related news, CEO Christophe Beck sold 21,714 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $261.41, for a total value of $5,676,256.74. Following the sale, the chief executive officer owned 72,644 shares of the company’s stock, valued at $18,989,868.04. The trade was a 23.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.
About Ecolab
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.
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