Ecolab (ECL) : Mufg Americas Holdings Corp scooped up 1,345 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 117,695 shares of Ecolab which is valued at $14,494,139.Ecolab makes up approximately 0.49% of Mufg Americas Holdings Corp’s portfolio.
Other Hedge Funds, Including , Congress Asset Management Co reduced its stake in ECL by selling 2,672 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 431,679 shares of ECL which is valued at $52,975,647. Ecolab makes up approx 1.18% of Congress Asset Management Co’s portfolio.Shelton Capital Management reduced its stake in ECL by selling 92 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 2,445 shares of ECL which is valued at $296,847. Ecolab makes up approx 0.03% of Shelton Capital Management’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in ECL by selling 25 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 159,945 shares of ECL which is valued at $18,934,289. Ecolab makes up approx 0.34% of Kornitzer Capital Management Inc Ks’s portfolio.
Ecolab opened for trading at $122.91 and hit $122.98 on the upside on Monday, eventually ending the session at $122.68, with a gain of 0.19% or 0.23 points. The heightened volatility saw the trading volume jump to 7,20,925 shares. Company has a market cap of $35,773 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.
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.