Q1 2018 EPS Estimates for Ecolab Inc. (NYSE:ECL) Cut by Analyst

Elias Hubbard
March 9, 2018

Malaga Cove Capital Llc bought 57,172 shares as the company's stock declined 36.48% while stock markets rallied. Caisse DE Depot ET Placement DU Quebec now owns 1,787,667 shares of the basic materials company's stock valued at $239,869,000 after purchasing an additional 1,774,585 shares during the period. Obermeyer Wood Investment Counsel Lllp who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $390.59B market cap company.

Shares of Ecolab (ECL) traded up $0.91 on Thursday, hitting $133.71. Watsco, Inc. (NYSE:WSO) has risen 8.75% since March 8, 2017 and is uptrending. It has outperformed by 19.13% the S&P500.

Compass Capital Management Inc increased its stake in Ecolab Inc (ECL) by 1.5% based on its latest 2017Q3 regulatory filing with the SEC. SeaCrest Wealth Management LLC bought a new stake in shares of Ecolab during the fourth quarter worth $125,000. The institutional investor held 187,076 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $24.06 million, up from 184,319 at the end of the previous reported quarter. Northstar Group Inc who had been investing in Ecolab Inc for a number of months, seems to be bullish on the $38.36B market cap company.

In related news, SVP Bruno Lavandier sold 1,250 shares of the business's stock in a transaction dated Friday, December 8th. About 1.64M shares traded or 25.28% up from the average.

Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, February 20th. It has underperformed by 7.29% the S&P500. Thrivent Fincl For Lutherans reported 167,920 shares stake. (NYSE:WSO) for 5,989 shares. Therefore 53% are positive. The rating was initiated by Macquarie Research with "Outperform" on Friday, August 26. Canaccord Genuity maintained the stock with "Buy" rating in Wednesday, October 11 report. Argus Research maintained it with "Buy" rating and $70.0 target in Friday, January 15 report. As per Tuesday, October 31, the company rating was maintained by Robert W. Baird. The firm has "Buy" rating by Piper Jaffray given on Thursday, August 3. (NYSE:ECL) on Wednesday, February 24 with "Hold" rating. Citigroup downgraded shares of Ecolab from a "buy" rating to a "neutral" rating in a research note on Friday, January 5th. The firm has "Overweight" rating by Barclays Capital given on Wednesday, November 1. Also, CEO Douglas M. Baker, Jr. sold 18,000 shares of the business's stock in a transaction dated Wednesday, December 6th.

Investors sentiment increased to 1.58 in 2017 Q3. Ecolab Inc. The company has a current ratio of 1.34, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88.

Large investors have recently made changes to their positions in the business. 37 funds opened positions while 64 raised stakes. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. Palisade Asset Ltd Limited Liability Company reported 26,679 shares or 0.64% of all its holdings. Insiders own 1.49% of the company's stock. Nikko Asset Management Americas Inc reported 89,500 shares. Florida-based Jaffetilchin Partners Ltd Liability Corporation has invested 0.07% in Albemarle Corporation (NYSE:ALB). Tower Rech Limited Liability (Trc) invested in 709 shares or 0.01% of the stock. Oppenheimer analyst S. Schneeberger now anticipates that the basic materials company will earn $0.89 per share for the quarter, down from their previous forecast of $0.94. 135,759 were accumulated by Dana Inv Advisors Inc. Quantbot Limited Partnership accumulated 37,873 shares. Moreover, Daiwa Secs Group Incorporated has 0% invested in Albemarle Corporation (NYSE:ALB). Jefferies Grp Ltd Liability Corp has invested 0.01% in Albemarle Corporation (NYSE:ALB). Envestnet Asset Management owns 0.01% invested in KeyCorp (NYSE:KEY) for 161,810 shares. Cambridge Trust invested in 0.54% or 49,710 shares. Maplelane Cap Limited holds 0.26% or 3.53 million shares. 65,101 shares were sold by Erdoes Mary E., worth $7.31 million. "(NYSE:ECL) Cut by Analyst" was published by StockNewsTimes and is the sole property of of StockNewsTimes. Friedman Stacey sold $214,019 worth of stock or 2,099 shares.

Investors sentiment increased to 1.19 in 2017 Q3. Its up 0.25, from 0.94 in 2017Q2. It improved, as 31 investors sold ECL shares while 274 reduced holdings. The basic materials company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.40 by ($0.01). Solaris Asset Mgmt Limited Com owns 17,129 shares for 1.29% of their portfolio. Royal Bancorporation Of Canada invested 0.07% of its portfolio in Ecolab Inc. (NYSE:ECL) for 564 shares. Vanguard Group stated it has 62.07 million shares. 23,467 were reported by Evercore Wealth Management Lc. Moreover, Us National Bank & Trust De has 0.41% invested in Ecolab Inc. (NYSE:ECL). Norinchukin Bank The invested in 140,838 shares or 0.35% of the stock. 1,775 are owned by Forbes J M And Llp. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Ecolab by 386.2% during the 3rd quarter. Next Gp has 0.02% invested in Ecolab Inc.

Among 6 analysts covering Teekay Corporation (NYSE:TK), 2 have Buy rating, 1 Sell and 3 Hold. Ecolab had 63 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Ecolab Inc. The firm earned "Neutral" rating on Friday, October 6 by Goldman Sachs. The company was maintained on Thursday, July 13 by Jefferies. On Monday, May 8 the stock rating was maintained by RBC Capital Markets with "Outperform". Oppenheimer maintained Ecolab Inc. (NYSE:ECL) rating on Tuesday, November 3. The company was upgraded on Tuesday, May 30 by Piper Jaffray. Boenning Scattergood reiterated a "buy" rating on shares of Ecolab in a research note on Monday, January 22nd. The company was maintained on Wednesday, January 6 by Stifel Nicolaus. Robert W. Baird maintained Ecolab Inc. Credit Suisse reinitiated the shares of ECL in report on Thursday, March 24 with "Neutral" rating.

Since September 14, 2017, it had 0 insider buys, and 1 insider sale for $966,233 activity.

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