GW&K Investment Management LLC Has $37.60 Million Stake in Ecolab Inc. (NYSE:ECL)

GW&K Investment Management LLC boosted its holdings in Ecolab Inc. (NYSE:ECL) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,863 shares of the basic materials company’s stock after purchasing an additional 545 shares during the quarter. GW&K Investment Management LLC’s holdings in Ecolab were worth $37,600,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Greenleaf Trust raised its position in shares of Ecolab by 2.6% in the 2nd quarter. Greenleaf Trust now owns 3,674 shares of the basic materials company’s stock valued at $725,000 after buying an additional 92 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Ecolab by 0.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 49,645 shares of the basic materials company’s stock valued at $9,803,000 after purchasing an additional 325 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Ecolab by 20.6% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 27,503 shares of the basic materials company’s stock valued at $7,971,000 after purchasing an additional 4,701 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Ecolab by 449.1% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 233,991 shares of the basic materials company’s stock valued at $46,199,000 after purchasing an additional 191,377 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Ecolab during the 3rd quarter valued at approximately $174,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Shares of NYSE:ECL traded down $0.41 during trading on Friday, reaching $190.39. The stock had a trading volume of 574,927 shares, compared to its average volume of 1,065,207. The firm’s fifty day moving average is $193.57 and its 200 day moving average is $194.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 1.24. Ecolab Inc. has a 52 week low of $135.77 and a 52 week high of $209.87. The stock has a market cap of $55.62 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.65 and a beta of 0.81.

Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $1.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.71. Ecolab had a net margin of 10.27% and a return on equity of 20.08%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm posted $1.53 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts forecast that Ecolab Inc. will post 5.86 earnings per share for the current fiscal year.

In related news, insider Catelan Leanne bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were bought at an average price of $1.16 per share, for a total transaction of $58,000.00. Also, EVP Darrell R. Brown sold 12,678 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $198.09, for a total transaction of $2,511,385.02. Following the transaction, the executive vice president now owns 21,061 shares in the company, valued at approximately $4,171,973.49. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Ecolab from $180.00 to $208.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Morgan Stanley boosted their target price on shares of Ecolab from $140.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Nomura boosted their target price on shares of Ecolab from $208.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Canaccord Genuity boosted their target price on shares of Ecolab from $198.00 to $222.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $200.50.

Ecolab Profile

Ecolab Inc provides water, hygiene, and energy technologies and services worldwide. The company operates through Global Industrial, Global Institutional, Global Energy, and Other segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions primarily to industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical, and commercial laundry.

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Institutional Ownership by Quarter for Ecolab (NYSE:ECL)

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