Mar Vista Investment Partners Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Mar Vista Investment Partners reduced its stake in Ecolab by 2.55% during the most recent quarter end. The investment management company now holds a total of 612,588 shares of Ecolab which is valued at $71,703,425 after selling 16,059 shares in Ecolab , the firm said in a disclosure report filed with the SEC on May 3, 2016.Ecolab makes up approximately 4.41% of Mar Vista Investment Partners’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in ECL in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 8,180 shares of Ecolab which is valued at $957,469. Ecolab makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Argent Trust Co reduced its stake in ECL by selling 251 shares or 9.53% in the most recent quarter. The Hedge Fund company now holds 2,383 shares of ECL which is valued at $278,930. Ecolab makes up approx 0.09% of Argent Trust Co’s portfolio.Kames Capital Plc reduced its stake in ECL by selling 649 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 7,326 shares of ECL which is valued at $842,343. Ecolab makes up approx 0.03% of Kames Capital Plc’s portfolio.Bedrijfstakpensioenfonds Voor De Media Pno reduced its stake in ECL by selling 3,400 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 10,200 shares of ECL which is valued at $1,172,796. Ecolab makes up approx 0.17% of Bedrijfstakpensioenfonds Voor De Media Pno’s portfolio.

Ecolab opened for trading at $116.05 and hit $117.17 on the upside on Tuesday, eventually ending the session at $117.11, with a gain of 1.42% or 1.64 points. The heightened volatility saw the trading volume jump to 8,62,183 shares. Company has a market cap of $34,349 M.

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.

Many Wall Street Analysts have commented on Ecolab. Ecolab was Initiated by Nomura to “Reduce” on Apr 20, 2016. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $107 .Ecolab was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

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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