Solaris Asset Management Has Trimmed Ecolab (ECL) Holding by $606,080; Market Valuation Rose; Macys (M) Market Value Declined While Contrarius Investment Management LTD Upped Position

January 18, 2018 - By Henry Gaston

Solaris Asset Management Llc decreased its stake in Ecolab Inc (ECL) by 21.66% based on its latest 2017Q3 regulatory filing with the SEC. Solaris Asset Management Llc sold 4,735 shares as the company’s stock rose 2.53% with the market. The institutional investor held 17,129 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $2.20M, down from 21,864 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in Ecolab Inc for a number of months, seems to be less bullish one the $40.17B market cap company. The stock increased 1.17% or $1.6 during the last trading session, reaching $139.03. About 432,278 shares traded. Ecolab Inc. (NYSE:ECL) has risen 9.41% since January 18, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Contrarius Investment Management Ltd increased its stake in Macys Inc (M) by 827.39% based on its latest 2017Q3 regulatory filing with the SEC. Contrarius Investment Management Ltd bought 1.41M shares as the company’s stock declined 28.76% while stock markets rallied. The institutional investor held 1.58M shares of the department and specialty retail stores company at the end of 2017Q3, valued at $34.38 million, up from 169,891 at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Macys Inc for a number of months, seems to be bullish on the $8.07 billion market cap company. The stock increased 0.97% or $0.26 during the last trading session, reaching $26.5. About 4.77 million shares traded. Macy's, Inc. (NYSE:M) has declined 25.46% since January 18, 2017 and is downtrending. It has underperformed by 42.16% the S&P500.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 2 Sell and 22 Hold. Therefore 23% are positive. Macy’s Inc. had 100 analyst reports since July 24, 2015 according to SRatingsIntel. Wedbush maintained Macy's, Inc. (NYSE:M) on Monday, August 7 with “Buy” rating. The firm has “Neutral” rating by Citigroup given on Friday, March 24. Gordon Haskett initiated the shares of M in report on Tuesday, May 9 with “Hold” rating. Northcoast upgraded Macy's, Inc. (NYSE:M) on Thursday, November 12 to “Buy” rating. The firm earned “Hold” rating on Friday, October 20 by RBC Capital Markets. The stock of Macy's, Inc. (NYSE:M) earned “Market Perform” rating by Cowen & Co on Monday, October 26. The company was maintained on Friday, August 12 by Deutsche Bank. Telsey Advisory Group maintained Macy's, Inc. (NYSE:M) rating on Thursday, August 13. Telsey Advisory Group has “Market Perform” rating and $68 target. The stock of Macy's, Inc. (NYSE:M) earned “Hold” rating by Jefferies on Monday, September 11. Deutsche Bank maintained the stock with “Buy” rating in Friday, October 9 report.

Contrarius Investment Management Ltd, which manages about $1.71B US Long portfolio, decreased its stake in Encana Corp (NYSE:ECA) by 3.36M shares to 2.45M shares, valued at $28.90 million in 2017Q3, according to the filing. It also reduced its holding in New York Times Co (NYSE:NYT) by 474,228 shares in the quarter, leaving it with 4.73 million shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Among 21 analysts covering Ecolab (NYSE:ECL), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. Ecolab had 55 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, November 7 by RBC Capital Markets. The firm has “Neutral” rating by JP Morgan given on Friday, October 9. Nomura upgraded Ecolab Inc. (NYSE:ECL) on Monday, April 3 to “Neutral” rating. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, July 27 report. The firm earned “Hold” rating on Monday, August 14 by Jefferies. Oppenheimer maintained the shares of ECL in report on Tuesday, January 19 with “Outperform” rating. The firm has “Overweight” rating given on Tuesday, November 3 by Piper Jaffray. As per Wednesday, October 11, the company rating was maintained by Robert W. Baird. The stock of Ecolab Inc. (NYSE:ECL) has “Neutral” rating given on Monday, April 18 by Citigroup. The firm has “Outperform” rating by Oppenheimer given on Tuesday, November 3.

Since August 3, 2017, it had 1 insider buy, and 1 insider sale for $9.04 million activity. GATES WILLIAM H III bought $10.01 million worth of Ecolab Inc. (NYSE:ECL) on Thursday, August 3.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.25, from 0.94 in 2017Q2. It improved, as 31 investors sold ECL shares while 274 reduced holdings. 81 funds opened positions while 281 raised stakes. 213.37 million shares or 1.11% more from 211.02 million shares in 2017Q2 were reported. Cambridge Tru Communications holds 75,313 shares or 0.65% of its portfolio. Perigon Wealth Ltd Com has 0.04% invested in Ecolab Inc. (NYSE:ECL) for 1,000 shares. Moreover, Nordea Invest Management has 0.05% invested in Ecolab Inc. (NYSE:ECL) for 168,700 shares. Moreover, Liberty has 1.74% invested in Ecolab Inc. (NYSE:ECL) for 23,914 shares. Ing Groep Nv invested in 0.01% or 4,162 shares. Daiwa Group has 0.01% invested in Ecolab Inc. (NYSE:ECL) for 7,703 shares. Hanson Doremus Inv Mgmt holds 340 shares. Dekabank Deutsche Girozentrale has 131,979 shares. 150,800 were accumulated by Eulav Asset Mngmt. Kcm Inv Advsr Limited Liability Company invested in 104,056 shares or 0.82% of the stock. Harvey Investment Lc reported 61,348 shares. Ontario Teachers Pension Plan Board reported 74,379 shares. First Merchants holds 10,944 shares or 0.24% of its portfolio. King Luther Cap Mgmt Corporation holds 0.92% or 820,822 shares. North Star Asset, a Wisconsin-based fund reported 66,721 shares.

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