Double Moving Average Crossover
|Bid||195.16 x 1100|
|Ask||202.09 x 900|
|Day's Range||196.27 - 201.22|
|52 Week Range||124.60 - 231.36|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||37.93|
|Forward Dividend & Yield||1.88 (0.95%)|
|Ex-Dividend Date||Jun 15, 2020|
|1y Target Est||N/A|
Issuance across the US syndicated loan market plummeted in the second quarter as the asset class navigated a slow recovery from the novel coronavirus that left borrowers scrambling for cash to keep their businesses alive while economies around the world gradually reopen. Companies from beleaguered sectors, including United Airlines and cruise ship operator Carnival Cruise Line, collectively raised billions of US dollars in new, costly loans to bolster liquidity amid a pandemic that forced many consumers to shelter at home throughout the second quarter. The wary buyside limited its exposure to low, Single B rated loans that are subject to fall to Triple C, which is just notches above a default.
In the past few months, you might have found yourself pumping hand sanitizer in your apartment lobby from a dispenser bearing the name (ECL) Under Douglas Baker, Ecolab has become a leader in cleaning and sanitation, as well as leasing equipment and selling supplies to hotels, restaurants, food producers, and health-care concerns. The company has 10% of the $130 billion-plus global market, according to Morningstar, and much growth lies ahead as Ecolab buys competitors. One reason that Ecolab is so popular: It cuts water and heating costs by making cleaning more efficient.
Ecolab's (ECL) AdvaCare Disinfectant receives first EPA approval for a laundry disinfectant and oxidizer emerging viral pathogen claim that is effective against the coronavirus.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
The COVID-19 pandemic is undoubtedly going to change things. The fear of getting an infection in a public place may well change consumer attitudes toward using a car rather than public transport for travel. Examples include the auto parts retailers like O'Reilly Automotive (NASDAQ: ORLY), AutoZone (NYSE: AZO), and Advance Auto Parts (NYSE: AAP).
Banks in the US have launched US$3.4bn in leveraged loans backing mergers and acquisitions this month, reopening a market that was mainly available for companies seeking emergency funding related to the coronavirus pandemic. Four term loans are scheduled to price before the end of this month, and banks are offering investors juicy coupons and steep original issue discounts (OIDs) to sell the debt. "We're beginning to see the term loan market open and see some of this service (mergers and acquisitions) M&A," said Peter Toal, the global co-head of fixed-income syndicate at Barclays.
NOTE: On May 19, 2020, the press release was corrected as follows: In the first sentence of the first paragraph, the maturity date for ChampionX Holding Inc.'s senior secured Term Loan B facility was changed to 2027. New York, May 18, 2020 -- Moody's Investors Service, ("Moody's") assigned a Ba2 rating to ChampionX Holding Inc.'s (ChampionX) new $537 million senior secured Term Loan B facility due 2027 (Champion X term loan). The proceeds of this issuance will be used to pay Ecolab Inc (Ecolab, Baa1 positive) for its upstream business segment which will be separated from Ecolab and combined with Apergy.
Moody's Investors Service, ("Moody's") assigned a Ba2 rating to ChampionX Holding Inc.'s (ChampionX) new $537 million senior secured Term Loan B facility due 2026 (Champion X term loan). The proceeds of this issuance will be used to pay Ecolab Inc (Ecolab, Baa1 positive) for its upstream business segment which will be separated from Ecolab and combined with Apergy.
Ecolab, FLIR Systems, and Zebra Technologies all specialize in products and services that will make offices safer for returning workers, especially in the absence of a coronavirus vaccine. Why Zebra looks like the best bet now
Ecolab Inc. shares rose 4% premarket, ] after the water, hygiene and energy technology maker beat earnings estimates for the first quarter. St. Paul, Minn.-based Ecolab said it had net income of $283.4 million, or 97 cents a share, in the quarter, down from $296.5 million, or $1.01 a share, in the year-earlier period. Adjusted per-share earnings came to $1.13, ahead of the $1.06 FactSet consensus. Sales rose 2% to $3.581 billion from $3.505 billion, also ahead of the $3.503 billion FactSet consensus. Growth in the company's health care and life sciences segments offset weakness in upstream energy. "We have businesses with increased demand (including Food & Beverage, Healthcare, Food Retail, Life Sciences) and those with much less demand near term (including the Institutional business and Pest Elimination)," Chief Executive Douglas Baker said in a statement. "We expect the major COVID-19 impacts will be felt over the next few quarters and will be net unfavorable on both our top and bottom lines for the year." The company's institutional business saw strong demand for cleaning and sanitizing produce sales, offset by slow restaurant, lodging and entertainment facility customer demand due to the pandemic. The company is not offering guidance for the second quarter or full year. "We expect our second quarter will see the most significant impact from COVID-19 effects, and we expect a gradual improvement from those levels in the second half as the markets begin to recover and their demand for cleaning and sanitizing remains above normal," it said. Shares have fallen 2.8% in 2020 to date, while the S&P 500 has fallen 11%.
Baker and Ecolab have taken a leadership role in organizing Minnesota companies to assist the state in getting protective equipment like masks and gloves.
Today I will take a look at Ecolab Inc.'s (NYSE:ECL) most recent earnings update (31 December 2019) and compare these...
It hasn't been the best quarter for Ecolab Inc. (NYSE:ECL) shareholders, since the share price has fallen 16% in that...
Kay Chemical Co. has ramped up production 10-fold to meet demand for critical products such as hand sanitizer and other disinfectants amid COVID-19 crisis.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]