Ecolab (ECL) : Garrison Bradford Associates Inc reduced its stake in Ecolab by 39.59% during the most recent quarter end. The investment management company now holds a total of 4,425 shares of Ecolab which is valued at $537,239 after selling 2,900 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Ecolab makes up approximately 0.51% of Garrison Bradford Associates Inc’s portfolio.
Other Hedge Funds, Including , World Asset Management Inc boosted its stake in ECL in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 31,710 shares of Ecolab which is valued at $3,849,911. Ecolab makes up approx 0.14% of World Asset Management Inc’s portfolio.American Century Companies Inc boosted its stake in ECL in the latest quarter, The investment management firm added 235,952 additional shares and now holds a total of 949,172 shares of Ecolab which is valued at $113,150,794. Ecolab makes up approx 0.13% of American Century Companies Inc’s portfolio.
Ecolab closed down -0.47 points or -0.38% at $122.25 with 5,71,294 shares getting traded on Monday. Post opening the session at $123, the shares hit an intraday low of $122.03 and an intraday high of $123 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.