Weitz Investment Management Increased Visa (V) Stake By $66.70 Million; Ecolab (ECL) Sellers Decreased By 1.94% Their Shorts

June 19, 2017 - By Adrian Mccoy

Weitz Investment Management Inc increased Visa Inc (V) stake by 16443.79% reported in 2016Q4 SEC filing. Weitz Investment Management Inc acquired 855,077 shares as Visa Inc (V)’s stock rose 5.74%. The Weitz Investment Management Inc holds 860,277 shares with $67.12 million value, up from 5,200 last quarter. Visa Inc now has $218.32B valuation. The stock rose 0.55% or $0.52 reaching $94.69 per share. About 4.24 million shares traded. Visa Inc (NYSE:V) has risen 20.29% since June 19, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

Ecolab Incorporated (NYSE:ECL) had a decrease of 1.94% in short interest. ECL’s SI was 4.24 million shares in June as released by FINRA. Its down 1.94% from 4.32 million shares previously. With 1.14M avg volume, 4 days are for Ecolab Incorporated (NYSE:ECL)’s short sellers to cover ECL’s short positions. The SI to Ecolab Incorporated’s float is 1.62%. About 397,117 shares traded. Ecolab Inc. (NYSE:ECL) has risen 9.41% since June 19, 2016 and is uptrending. It has underperformed by 7.29% the S&P500.

Among 23 analysts covering Visa Inc. (NYSE:V), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Visa Inc. had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, April 21 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, September 1 by Vetr. The rating was downgraded by Guggenheim to “Neutral” on Tuesday, October 25. The firm earned “Buy” rating on Thursday, December 15 by Bank of America. The stock of Visa Inc (NYSE:V) earned “Outperform” rating by RBC Capital Markets on Friday, July 24. On Friday, July 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. Bank of America downgraded the stock to “Neutral” rating in Thursday, February 11 report. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, October 25 report. The stock has “Buy” rating by UBS on Wednesday, December 16. The firm has “Buy” rating by UBS given on Tuesday, October 25.

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.12, from 0.93 in 2016Q3. It improved, as 86 investors sold V shares while 540 reduced holdings. 132 funds opened positions while 525 raised stakes. 1.69 billion shares or 1.50% more from 1.66 billion shares in 2016Q3 were reported. Trb Advsrs LP reported 150,000 shares stake. Pnc Financial Serv Group holds 0.3% in Visa Inc (NYSE:V) or 3.37 million shares. Patten & Patten Inc Tn has invested 0.79% in Visa Inc (NYSE:V). Northern Trust Corp accumulated 19.83 million shares. Waddell And Reed Fincl holds 6.23M shares. Lba Wealth Mgmt Limited Liability Corporation holds 0.04% in Visa Inc (NYSE:V) or 1,000 shares. Pax Mgmt Limited Liability Company invested 0.6% of its portfolio in Visa Inc (NYSE:V). First In accumulated 2,482 shares. Exchange Mngmt, Michigan-based fund reported 109,955 shares. White Elm Ltd Limited Liability Company stated it has 453,900 shares or 5.46% of all its holdings. Stillwater Management Limited Liability Com has invested 1.82% of its portfolio in Visa Inc (NYSE:V). Loomis Sayles And Company Lp has invested 2.68% in Visa Inc (NYSE:V). Ccm Invest Advisers Ltd Liability holds 2.19% or 133,074 shares in its portfolio. 1832 Asset Limited Partnership has invested 1.81% in Visa Inc (NYSE:V). Ep Wealth Advsrs Inc stated it has 132,559 shares or 1.34% of all its holdings.

Since February 6, 2017, it had 0 insider buys, and 2 sales for $11.71 million activity. $957,390 worth of Visa Inc (NYSE:V) shares were sold by HOFFMEISTER JAMES H. 125,372 shares were sold by Sheedy William M., worth $10.75M.

Weitz Investment Management Inc decreased Range Res Corp (NYSE:RRC) stake by 35,670 shares to 892,669 valued at $30.67 million in 2016Q4. It also reduced Flir Sys Inc (NASDAQ:FLIR) stake by 95,285 shares and now owns 829,670 shares. Liberty Media Corp Delaware was reduced too.

Since February 27, 2017, it had 1 buying transaction, and 7 selling transactions for $7.49 million activity. $1.80M worth of Ecolab Inc. (NYSE:ECL) was sold by Hickey Michael A. 23,151 shares were sold by Taylor Stephen M, worth $3.08 million on Friday, June 9. Casale Carl M also bought $631,655 worth of Ecolab Inc. (NYSE:ECL) on Thursday, May 4. HIGGINS ARTHUR J sold $625,500 worth of stock or 5,000 shares. $133,522 worth of Ecolab Inc. (NYSE:ECL) was sold by LAVANDIER BRUNO. $1.51 million worth of Ecolab Inc. (NYSE:ECL) was sold by BECK BARBARA on Wednesday, March 15. $93,121 worth of stock was sold by LEVIN JERRY W on Wednesday, March 8.

Ecolab Inc. provides water, hygiene and energy technologies and services. The company has market cap of $39.09 billion. 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. It has a 31.68 P/E ratio. The Company’s divisions include Global Industrial, Global Institutional, Global Energy, Other and Corporate.

Among 18 analysts covering Ecolab (NYSE:ECL), 11 have Buy rating, 1 Sell and 6 Hold. Therefore 61% are positive. Ecolab had 32 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 19 report. The stock of Ecolab Inc. (NYSE:ECL) has “Neutral” rating given on Monday, April 3 by Instinet. As per Thursday, June 1, the company rating was maintained by Canaccord Genuity. The firm has “Outperform” rating by Oppenheimer given on Tuesday, November 3. The stock of Ecolab Inc. (NYSE:ECL) has “Buy” rating given on Friday, May 26 by J.P. Morgan. The stock of Ecolab Inc. (NYSE:ECL) earned “Reduce” rating by Nomura on Monday, August 22. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, February 24. Sterne Agee CRT initiated Ecolab Inc. (NYSE:ECL) on Tuesday, March 22 with “Buy” rating. On Monday, April 18 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Buy” rating by Oppenheimer on Thursday, June 1.

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