Impax Asset Management Ltd buys $74,410,309 stake in Ecolab (ECL)

Ecolab (ECL) : Impax Asset Management Ltd scooped up 51,242 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 604,225 shares of Ecolab which is valued at $74,410,309.Ecolab makes up approximately 3.52% of Impax Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc reduced its stake in ECL by selling 250,744 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 4,629,595 shares of ECL which is valued at $565,967,989. Ecolab makes up approx 1.91% of Brown Advisory Inc’s portfolio.Pax World Management boosted its stake in ECL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 105,966 shares of Ecolab which is valued at $13,049,713. Ecolab makes up approx 0.73% of Pax World Management’s portfolio.First Trust Advisors Lp reduced its stake in ECL by selling 1,191 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 12,144 shares of ECL which is valued at $1,490,312.Ls Investment Advisors reduced its stake in ECL by selling 5,399 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 148,622 shares of ECL which is valued at $17,837,612. Ecolab makes up approx 1.19% of Ls Investment Advisors’s portfolio.Delta Asset Managementtn boosted its stake in ECL in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 105,100 shares of Ecolab which is valued at $12,614,102. Ecolab makes up approx 2.13% of Delta Asset Managementtn’s portfolio.

Ecolab opened for trading at $122.36 and hit $122.58 on the upside on Wednesday, eventually ending the session at $122.26, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 6,08,598 shares. Company has a market cap of $35,650 M.

On the company’s financial health, Ecolab reported $1.08 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $1.08. The company had revenue of $3317.00 million for the quarter, compared to analysts expectations of $3326.45 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.

Investors should note that on Aug 4, 2016, Ecolab announced a cash dividend of $0.3500. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Ecolab. Ecolab was Upgraded by Citigroup to ” Buy” on Aug 3, 2016. Ecolab was Downgraded by Stifel to ” Hold” on Aug 3, 2016. Company shares were Reiterated by Canaccord Genuity on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 135 from a previous price target of $126 .

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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