Solaris Asset Management Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Solaris Asset Management reduced its stake in Ecolab by 3.43% during the most recent quarter end. The investment management company now holds a total of 25,481 shares of Ecolab which is valued at $3,037,590 after selling 905 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Ecolab makes up approximately 2.16% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , Jensen Investment Management Inc reduced its stake in ECL by selling 18,815 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 2,627,176 shares of ECL which is valued at $313,185,651. Ecolab makes up approx 4.73% of Jensen Investment Management Inc’s portfolio.1st Global Advisors boosted its stake in ECL in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 10,600 shares of Ecolab which is valued at $1,272,212. Ecolab makes up approx 0.17% of 1st Global Advisors’s portfolio.Loeb Partners Corp reduced its stake in ECL by selling 157 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 10,436 shares of ECL which is valued at $1,252,529. Ecolab makes up approx 0.41% of Loeb Partners Corp’s portfolio.Wealthtrust-arizona boosted its stake in ECL in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 29 shares of Ecolab which is valued at $3,481.

Ecolab closed down -0.75 points or -0.63% at $118.38 with 9,82,683 shares getting traded on Friday. Post opening the session at $118.81, the shares hit an intraday low of $117.61 and an intraday high of $118.855 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Ecolab reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.76. The company had revenue of $3097.40 million for the quarter, compared to analysts expectations of $3119.22 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s Global Industrial segment consists of the Water Food and Beverage Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units. The Global Energy segment provides on-site technology-driven solutions to the global drilling oil and gas production refining and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Company’s cleaning and sanitizing programs and products pest elimination services and equipment maintenance and repair services support customers in the foodservice food and beverage processing hospitality healthcare Government and education retail textile care and commercial facilities management sectors in over 170 countries.

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