AlphaCrest Capital Management LLC Sells 2,541 Shares of Ecolab Inc. (NYSE:ECL)

AlphaCrest Capital Management LLC reduced its stake in Ecolab Inc. (NYSE:ECLGet Rating) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,226 shares of the basic materials company’s stock after selling 2,541 shares during the period. AlphaCrest Capital Management LLC’s holdings in Ecolab were worth $1,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ECL. Arlington Partners LLC lifted its stake in Ecolab by 13.0% in the fourth quarter. Arlington Partners LLC now owns 469 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 54 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in Ecolab by 28.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 245 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 54 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Ecolab by 10.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 55 shares during the last quarter. Chicago Capital LLC lifted its stake in Ecolab by 0.7% in the fourth quarter. Chicago Capital LLC now owns 8,990 shares of the basic materials company’s stock worth $2,109,000 after acquiring an additional 59 shares during the last quarter. Finally, G&S Capital LLC lifted its stake in Ecolab by 3.8% in the fourth quarter. G&S Capital LLC now owns 1,656 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 75.04% of the company’s stock.

Shares of Ecolab stock opened at $161.99 on Friday. The company has a 50-day moving average of $172.63 and a two-hundred day moving average of $198.58. The stock has a market cap of $46.27 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16. Ecolab Inc. has a 12-month low of $154.85 and a 12-month high of $238.93.

Ecolab (NYSE:ECLGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Ecolab had a return on equity of 19.35% and a net margin of 8.45%. Ecolab’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. On average, sell-side analysts forecast that Ecolab Inc. will post 5.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Tuesday, June 21st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, June 17th. Ecolab’s dividend payout ratio is currently 53.13%.

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ecolab from $230.00 to $210.00 in a research report on Thursday, February 17th. Edward Jones upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Thursday, March 17th. Morgan Stanley cut their target price on shares of Ecolab from $240.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday, February 17th. Barclays cut their target price on shares of Ecolab from $215.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, March 11th. Finally, Citigroup cut their target price on shares of Ecolab from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, February 16th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $205.40.

In other news, Director Tracy B. Mckibben purchased 1,475 shares of the company’s stock in a transaction dated Friday, April 29th. The stock was acquired at an average price of $170.00 per share, for a total transaction of $250,750.00. Following the completion of the transaction, the director now directly owns 6,746 shares in the company, valued at approximately $1,146,820. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey M. Ettinger acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The shares were bought at an average cost of $179.39 per share, for a total transaction of $896,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,075 shares of company stock valued at $1,250,306. Company insiders own 1.04% of the company’s stock.

Ecolab Profile (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. 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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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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