Pensionfund Sabic Lowers stake in C R Bard Inc (BCR)

C R Bard Inc (BCR) : Pensionfund Sabic reduced its stake in C R Bard Inc by 3.75% during the most recent quarter end. The investment management company now holds a total of 7,700 shares of C R Bard Inc which is valued at $1.6 Million after selling 300 shares in C R Bard Inc according to a report filed by the company on Apr 4, 2016 with the SEC.C R Bard Inc makes up approximately 0.48% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in BCR in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 17,200 shares of C R Bard Inc which is valued at $3.5 Million. C R Bard Inc makes up approx 0.48% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, C R Bard Inc reported $2.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $2.17. The company had revenue of $870.80 million for the quarter, compared to analysts expectations of $867.23 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 EPS.

Many Wall Street Analysts have commented on C R Bard Inc. C R Bard Inc was Initiated by Nomura to “Neutral” on Mar 17, 2016.

C R Bard Inc closed down -0.31 points or -0.15% at $202.89 with 3,46,041 shares getting traded on Monday. Post opening the session at $202.81, the shares hit an intraday low of $202.34 and an intraday high of $204.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

C. R. Bard Inc. (Bard) and its subsidiaries are engaged in the design manufacture packaging distribution and sale of medical surgical diagnostic and patient care devices. . The Company reports its sales in four major product group categories: vascular urology oncology and surgical specialty. The Company also has a product group of other products. The Company’s vascular products cover a range of minimally invasive devices for the treatment of peripheral vascular disease and heart arrhythmias. Its urology products include basic urology drainage products fecal and urinary continence products urological specialty products and Targeted Temperature Management products. Its oncology products cover a range of devices used in the treatment and management of various cancers and other diseases and disorders. Its surgical specialty products include implanted patches and fixation devices for hernia and other soft tissue repairs in addition to hemostats and surgical sealants.

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