Ecofin Ltd buys $31.9 Million stake in A. O. Smith Corp (AOS)

A. O. Smith Corp (AOS) : Ecofin Ltd scooped up 64,890 additional shares in A. O. Smith Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 408,068 shares of A. O. Smith Corp which is valued at $31.9 Million.A. O. Smith Corp makes up approximately 5.42% of Ecofin Ltd’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in AOS in the latest quarter, The investment management firm added 141,095 additional shares and now holds a total of 6,395,954 shares of A. O. Smith Corp which is valued at $500.5 Million. A. O. Smith Corp makes up approx 0.03% of Vanguard Group Inc’s portfolio.Baird Financial Group boosted its stake in AOS in the latest quarter, The investment management firm added 99,393 additional shares and now holds a total of 790,147 shares of A. O. Smith Corp which is valued at $61.8 Million. A. O. Smith Corp makes up approx 0.60% of Baird Financial Group’s portfolio.Blackrock Fund Advisors reduced its stake in AOS by selling 44,431 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 2,523,534 shares of AOS which is valued at $197.5 Million. A. O. Smith Corp makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Norges Bank boosted its stake in AOS in the latest quarter, The investment management firm added 19,673 additional shares and now holds a total of 606,380 shares of A. O. Smith Corp which is valued at $47.4 Million. A. O. Smith Corp makes up approx 0.02% of Norges Bank’s portfolio.Dupont Capital Management Corp reduced its stake in AOS by selling 1,500 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 102,400 shares of AOS which is valued at $7.9 Million. A. O. Smith Corp makes up approx 0.18% of Dupont Capital Management Corp’s portfolio.

A. O. Smith Corp opened for trading at $83.62 and hit $83.92 on the upside on Wednesday, eventually ending the session at $83.3, with a gain of 0.33% or 0.27 points. The heightened volatility saw the trading volume jump to 9,70,106 shares. Company has a market cap of $7,292 M.

On the company’s financial health, A. O. Smith Corp reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $636.90 million for the quarter, compared to analysts expectations of $644.96 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on A. O. Smith Corp. A. O. Smith Corp was Initiated by Northcoast to “Buy” on Mar 8, 2016.

A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering including electric gas gas tankless heat pump and solar units as well as combi boilers.

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