Sit Investment Associates Inc. bought a new position in shares of VWR Corp. (NASDAQ:VWR) during the second quarter, Holdings Channel reports. The firm bought 14,500 shares of the company’s stock, valued at approximately $419,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intermede Investment Partners Ltd increased its stake in shares of VWR Corp. by 18.7% in the second quarter. Intermede Investment Partners Ltd now owns 1,029,251 shares of the company’s stock worth $29,745,000 after buying an additional 161,986 shares during the period. GW&K Investment Management LLC bought a new stake in shares of VWR Corp. during the second quarter worth $10,410,000. Pitcairn Co. increased its stake in shares of VWR Corp. by 1.8% in the second quarter. Pitcairn Co. now owns 13,423 shares of the company’s stock worth $388,000 after buying an additional 232 shares during the period. Bank of Montreal Can bought a new stake in shares of VWR Corp. during the second quarter worth $8,626,000. Finally, Shell Asset Management Co. increased its stake in shares of VWR Corp. by 383.2% in the second quarter. Shell Asset Management Co. now owns 97,260 shares of the company’s stock worth $2,811,000 after buying an additional 77,132 shares during the period.
Shares of VWR Corp. (NASDAQ:VWR) traded up 0.25% during trading on Thursday, reaching $27.63. 340,105 shares of the company traded hands. VWR Corp. has a 12 month low of $21.56 and a 12 month high of $31.75. The company has a 50-day moving average of $27.83 and a 200-day moving average of $28.43. The stock has a market capitalization of $3.63 billion, a PE ratio of 25.12 and a beta of 1.23.
VWR Corp. (NASDAQ:VWR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. VWR Corp. had a net margin of 3.26% and a return on equity of 16.05%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts forecast that VWR Corp. will post $1.72 earnings per share for the current fiscal year.
A number of analysts have weighed in on VWR shares. Cleveland Research downgraded shares of VWR Corp. from a “neutral” rating to an “underperform” rating in a report on Friday, August 19th. TheStreet raised shares of VWR Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 3rd. Zacks Investment Research downgraded shares of VWR Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Deutsche Bank AG raised their price objective on shares of VWR Corp. from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Citigroup Inc. raised their price objective on shares of VWR Corp. from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.02.
About VWR Corp.
VWR Corporation is a provider of laboratory products, services and solutions to the life science, general research and applied markets. The Company operates in two segments: Americas and EMEA-APAC. Its Americas segment consists of operations located principally in the United States and Canada, as well as in Puerto Rico, Mexico and select countries in Central and South America, including Costa Rica, Brazil, Argentina and Chile, and includes over 65 facilities located in approximately 10 countries.
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