Shell Asset Management Co. lessened its position in shares of Ecolab Inc. (NYSE:ECL) by 72.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,726 shares of the basic materials company’s stock after selling 133,410 shares during the period. Shell Asset Management Co.’s holdings in Ecolab were worth $6,806,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its holdings in shares of Ecolab by 1,397.8% in the 3rd quarter. Sterling Capital Management LLC now owns 570,435 shares of the basic materials company’s stock worth $73,364,000 after purchasing an additional 532,349 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in shares of Ecolab by 475.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 548,104 shares of the basic materials company’s stock worth $70,492,000 after purchasing an additional 452,846 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Ecolab by 386.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 305,019 shares of the basic materials company’s stock worth $39,228,000 after purchasing an additional 242,284 shares during the last quarter. Vontobel Asset Management Inc. bought a new stake in shares of Ecolab in the 4th quarter worth approximately $21,060,000. Finally, AKO Capital LLP bought a new stake in shares of Ecolab in the 3rd quarter worth approximately $19,074,000. 76.59% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. UBS Group raised their price target on Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Credit Suisse Group raised their price target on Ecolab from $129.00 to $137.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating on shares of Ecolab in a report on Friday, January 19th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price target on shares of Ecolab in a report on Wednesday, November 1st. Finally, Boenning Scattergood restated a “buy” rating on shares of Ecolab in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Ecolab has a consensus rating of “Hold” and a consensus target price of $140.07.
Ecolab Inc. (NYSE:ECL) opened at $131.49 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $37,990.00, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.92 and a beta of 1.06. Ecolab Inc. has a 1-year low of $121.50 and a 1-year high of $140.50.
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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