Yhb Investment Advisors INC Decreased Stake in Ecolab INC (NYSE:ECL) by $3.65 Million as Shares Declined


Yhb Investment Advisors Inc decreased its stake in Ecolab Inc (NYSE:ECL) by 27.52% based on its latest 2016Q2 regulatory filing with the SEC. Yhb Investment Advisors Inc sold 32,850 shares as the company’s stock declined 0.86% while stock markets rallied. The institutional investor held 86,527 shares of the package goods and cosmetics company at the end of 2016Q2, valued at $9.65 million, down from 119,377 at the end of the previous reported quarter. Yhb Investment Advisors Inc who had been investing in Ecolab Inc for a number of months, seems to be less bullish one the $34.68 billion market cap company. The stock decreased 2.09% or $2.51 during the last trading session, hitting $117.55. About 1.06 million shares traded hands or 29.34% up from the average. Ecolab Inc. (NYSE:ECL) has risen 15.87% since February 8, 2016 and is uptrending. It has underperformed by 0.62% the S&P500.

Yhb Investment Advisors Inc is a Connecticut-based institutional investor with more than $966.41 million AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Yhb Investment Advisors latest Adv, the fund reported to have 18 full and part-time employees. Among which 13 performing investment advisory and research functions. The institutional investor had more than 600 clients.

The institutional sentiment decreased to 1 in Q2 2016. Its down 0.15, from 1.15 in 2016Q1. The ratio worsened, as 43 funds sold all ECL shares owned while 295 reduced positions. 64 funds bought stakes while 273 increased positions. They now own 211.39 million shares or 6.08% less from 225.07 million shares in 2016Q1.

Lafleur & Godfrey Llc holds 5% of its portfolio in ECL for 142,364 shares. Jensen Investment Management Inc owns 2.63 million shares or 4.83% of their US portfolio. Moreover, Eagle Capital Management Llc has 4.7% invested in the company for 9.22 million shares. The Texas-based Mcdaniel Terry & Co has invested 4.65% in the stock. Cim Llc, a New York-based fund reported 74,912 shares.

Out of 15 analysts covering Ecolab (NYSE:ECL), 9 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 60% are positive. Ecolab has been the topic of 22 analyst reports since September 23, 2015 according to StockzIntelligence Inc. Macquarie Research initiated the stock on August 26 with “Outperform” rating.

Ecolab Inc. provides water, hygiene and energy technologies and services. The company has a market cap of $34.68 billion. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. It has a 36.75 P/E ratio. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units.

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