Ami Asset Management Corp Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Ami Asset Management Corp reduced its stake in Ecolab by 3.35% during the most recent quarter end. The investment management company now holds a total of 327,389 shares of Ecolab which is valued at $39,293,228 after selling 11,348 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Ecolab makes up approximately 2.62% of Ami Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Meristem Llp reduced its stake in ECL by selling 598 shares or 24.92% in the most recent quarter. The Hedge Fund company now holds 1,802 shares of ECL which is valued at $216,276. Ecolab makes up approx 0.09% of Meristem Llp’s portfolio.Capstone Asset Management Co reduced its stake in ECL by selling 2,012 shares or 3.14% in the most recent quarter. The Hedge Fund company now holds 62,070 shares of ECL which is valued at $7,483,159. Ecolab makes up approx 0.22% of Capstone Asset Management Co’s portfolio.Cabot Wealth Management Inc reduced its stake in ECL by selling 462 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 59,135 shares of ECL which is valued at $7,129,316. Ecolab makes up approx 1.84% of Cabot Wealth Management Inc’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in ECL in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 54,018 shares of Ecolab which is valued at $6,438,946. Ecolab makes up approx 1.24% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

Ecolab closed down -0.08 points or -0.07% at $119.13 with 8,07,219 shares getting traded on Thursday. Post opening the session at $119.1, the shares hit an intraday low of $118.01 and an intraday high of $119.77 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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