Impax Asset Management Ltd Lowers stake in Xylem Inc (XYL)

Xylem Inc (XYL) : Impax Asset Management Ltd reduced its stake in Xylem Inc by 5.01% during the most recent quarter end. The investment management company now holds a total of 2,242,689 shares of Xylem Inc which is valued at $96,772,030 after selling 118,398 shares in Xylem Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Xylem Inc makes up approximately 5.18% of Impax Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in XYL by selling 33,252 shares or 11.08% in the most recent quarter. The Hedge Fund company now holds 266,801 shares of XYL which is valued at $11,512,463. Xylem Inc makes up approx 0.01% of Blackrock Advisors’s portfolio.Olstein Capital Management reduced its stake in XYL by selling 29,000 shares or 20.42% in the most recent quarter. The Hedge Fund company now holds 113,000 shares of XYL which is valued at $4,875,950. Xylem Inc makes up approx 0.68% of Olstein Capital Management’s portfolio.Rice Hall James Associates reduced its stake in XYL by selling 1,649 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 101,974 shares of XYL which is valued at $4,260,474. Xylem Inc makes up approx 0.25% of Rice Hall James Associates’s portfolio. Burt Wealth Advisors added XYL to its portfolio by purchasing 564 company shares during the most recent quarter which is valued at $23,564. Xylem Inc makes up approx 0.02% of Burt Wealth Advisors’s portfolio.

Xylem Inc opened for trading at $43.25 and hit $43.685 on the upside on Monday, eventually ending the session at $43.43, with a gain of 0.65% or 0.28 points. The heightened volatility saw the trading volume jump to 10,50,203 shares. Company has a market cap of $7,770 M.

On the company’s financial health, Xylem Inc reported $0.35 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 $0.34. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $832.92 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Xylem Inc. Company shares were Reiterated by Wedbush on May 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 43 from a previous price target of $41 .Wedbush Downgraded Xylem Inc on Apr 11, 2016 to ” Neutral”, Price Target of the shares are set at $41.Xylem Inc was Upgraded by Sterne Agee CRT to ” Buy” on Apr 5, 2016.

Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water from collection distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).

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