Friess Associates adds Xylem Inc (XYL) to its portfolio

Xylem Inc (XYL) : Friess Associates added new position in Xylem Inc during the most recent quarter end. The investment management firm now holds 360,000 shares of Xylem Inc which is valued at $17,442,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.Xylem Inc makes up approximately 1.68% of Friess Associates’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in XYL by selling 1,577 shares or 8.63% in the most recent quarter. The Hedge Fund company now holds 16,706 shares of XYL which is valued at $809,406. Xylem Inc makes up approx 0.01% of Proshare Advisors’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in XYL by selling 345,715 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 4,951,084 shares of XYL which is valued at $239,880,020. Xylem Inc makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio. Spot Trading L.l.c added XYL to its portfolio by purchasing 35,853 company shares during the most recent quarter which is valued at $1,657,484. Xylem Inc makes up approx 0.22% of Spot Trading L.l.c’s portfolio.

Xylem Inc opened for trading at $50.89 and hit $51.18 on the upside on Monday, eventually ending the session at $50.98, with a gain of 0.92% or 0.4649 points. The heightened volatility saw the trading volume jump to 10,00,512 shares. Company has a market cap of $9,135 M.

On the company’s financial health, Xylem Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.47. The company had revenue of $932.00 million for the quarter, compared to analysts expectations of $928.42 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Xylem Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 51 from a previous price target of $47 .

Xylem Inc. is engaged in the design manufacturing and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water from collection distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport treatment test building services industrial processing and irrigation. The Company’s water market brands such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection distribution and return) and Applied Water (usage).

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