First Niagara Bank Lowers stake in Ecolab (ECL)

Ecolab (ECL) : First Niagara Bank reduced its stake in Ecolab by 0.65% during the most recent quarter end. The investment management company now holds a total of 41,712 shares of Ecolab which is valued at $4,972,488 after selling 275 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Ecolab makes up approximately 1.39% of First Niagara Bank’s portfolio.

Other Hedge Funds, Including , Rehmann Capital Advisory Group boosted its stake in ECL in the latest quarter, The investment management firm added 612 additional shares and now holds a total of 3,075 shares of Ecolab which is valued at $366,571. Ecolab makes up approx 0.07% of Rehmann Capital Advisory Group’s portfolio.Winslow Evans Crocker boosted its stake in ECL in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 5,262 shares of Ecolab which is valued at $631,545. Ecolab makes up approx 0.18% of Winslow Evans Crocker’s portfolio.Checchi Capital Advisers boosted its stake in ECL in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 2,583 shares of Ecolab which is valued at $310,012. Ecolab makes up approx 0.08% of Checchi Capital Advisers’s portfolio.

Ecolab closed down -0.75 points or -0.63% at $118.38 with 9,82,683 shares getting traded on Friday. Post opening the session at $118.81, the shares hit an intraday low of $117.61 and an intraday high of $118.855 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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