Aggressive’ Bearish Options Activity Seen in Ecolab Inc.

 Aggressive' Bearish Options Activity Seen in Ecolab Inc.

In today’s session Ecolab Inc. (ECL) recorded an unusually high (553) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ECL decrease. With 553 contracts traded and 4534 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ECL161118P00110000 closed last at: $1.25 or 8.7% up. About 302,362 shares traded hands. Ecolab Inc. (NYSE:ECL) has risen 0.56% since March 31, 2016 and is uptrending. It has underperformed by 1.97% the S&P500.

Analysts await Ecolab Inc. (NYSE:ECL) to report earnings on November, 7. They expect $1.28 EPS, 0.00% or $0.00 from last year’s $1.28 per share. ECL’s profit will be $366.66M for 21.91 P/E if the $1.28 EPS becomes a reality. After $1.08 actual EPS reported by Ecolab Inc. for the previous quarter, Wall Street now forecasts 18.52% EPS growth.

Ecolab Inc. (NYSE:ECL) Ratings Coverage

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 25 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was maintained by Nomura. The stock has “Outperform” rating given by Oppenheimer on Tuesday, November 3. The rating was initiated by Sterne Agee CRT on Tuesday, March 22 with “Buy”. The stock has “Outperform” rating given by Macquarie Research on Friday, August 26. The stock of Ecolab Inc. (NYSE:ECL) has “Neutral” rating given on Monday, April 18 by Citigroup. The stock of Ecolab Inc. (NYSE:ECL) has “Hold” rating given on Monday, October 19 by Deutsche Bank. As per Wednesday, February 24, the company rating was maintained by Deutsche Bank. Oppenheimer maintained the shares of ECL in a report on Tuesday, January 19 with “Outperform” rating. Piper Jaffray maintained Ecolab Inc. (NYSE:ECL) on Tuesday, November 3 with “Overweight” rating. The firm earned “Neutral” rating on Friday, July 15 by Citigroup.

According to Zacks Investment Research, “Ecolab Inc. is the global leader in cleaning, sanitizing, food safety and infection control products and services. Ecolab delivers comprehensive programs and services to the foodservice, food and beverage processing, healthcare, and hospitality markets.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.15, from 1.15 in 2016Q1. The ratio turned negative, as 43 funds sold all Ecolab Inc. 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.
Parametric Portfolio Assoc Ltd Liability, a Washington-based fund reported 751,831 shares. Intact Invest Mngmt Incorporated has invested 0.01% of its portfolio in Ecolab Inc. (NYSE:ECL). Gillespie Robinson & Grimm holds 197,779 shares or 3.76% of its portfolio. Whittier Trust Com Of Nevada last reported 0.01% of its portfolio in the stock. Dearborn Partners Ltd Liability Corp last reported 16,551 shares in the company. Telemus Capital Limited Co has invested 0.05% of its portfolio in Ecolab Inc. (NYSE:ECL). Investment Ser Of America accumulated 2.83% or 125,116 shares. Arizona State Retirement holds 79,736 shares or 0.13% of its portfolio. The Connecticut-based Chilton Inv Co Ltd Liability Co has invested 0.57% in Ecolab Inc. (NYSE:ECL). Rhumbline Advisers has 451,434 shares for 0.16% of their US portfolio. Dekabank Deutsche Girozentrale holds 0.05% or 39,575 shares in its portfolio. First Fin Comml Bank Na has invested 0.64% of its portfolio in Ecolab Inc. (NYSE:ECL). Millennium Mngmt Ltd Limited Liability Company last reported 238,653 shares in the company. Bluemountain Mngmt Ltd, a New York-based fund reported 581 shares. Hanson & Doremus accumulated 300 shares or 0.02% of the stock.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 6 sales for $7.74 million net activity. $1.75 million worth of Ecolab Inc. (NYSE:ECL) was sold by GRUNDHOFER JERRY A. On Friday, May 6 the insider Berger Larry L sold $1.35M. 17,761 shares with value of $2.20 million were sold by Hickey Michael A on Thursday, August 25. BAKER DOUGLAS M JR sold 25,800 shares worth $3.16M. Mulhere Timothy P sold $457,470 worth of stock or 3,762 shares. Hughes Bryan L also sold $702,186 worth of Ecolab Inc. (NYSE:ECL) shares. Beck Christophe had sold 5,789 shares worth $710,336.

Ecolab Inc. provides water, hygiene and energy technologies and services. The company has a market cap of $32.14 billion. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. It has a 35.08 P/E ratio. The Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units.

ECL Company Profile

Ecolab Inc., incorporated on February 18, 1924, provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support clients in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate. The Company’s products and technologies are also used in water treatment, pollution control, energy conservation, oil production and refining, steelmaking, papermaking, mining, and other industrial processes.

More important recent Ecolab Inc. (NYSE:ECL) news were published by: Forbes.com which released: “Ecolab Becomes Oversold” on October 21, 2016, also Marketwatch.com published article titled: “Ecolab earnings boosted by cost cutting”, Valuewalk.com published: “Dividend Aristocrats in Focus Part 11: Ecolab Inc. (ECL)” on October 21, 2016. More interesting news about Ecolab Inc. (NYSE:ECL) was released by: Startribune.com and their article: “Ecolab sells Swisher bathroom-cleaning unit to Enviro-Master” with publication date: October 26, 2016.

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