Alta Capital Management buys $41,804,083 stake in Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO) : Alta Capital Management scooped up 7,505 additional shares in Thermo Fisher Scientific during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 284,672 shares of Thermo Fisher Scientific which is valued at $41,804,083.Thermo Fisher Scientific makes up approximately 2.55% of Alta Capital Management’s portfolio.

Thermo Fisher Scientific opened for trading at $145.61 and hit $147.7521 on the upside on Wednesday, eventually ending the session at $147.14, with a gain of 1.05% or 1.53 points. The heightened volatility saw the trading volume jump to 14,97,750 shares. Company has a market cap of $58,306 M.

Other Hedge Funds, Including , Gw Henssler Associates Ltd reduced its stake in TMO by selling 11,271 shares or 14.98% in the most recent quarter. The Hedge Fund company now holds 63,954 shares of TMO which is valued at $9,391,645. Thermo Fisher Scientific makes up approx 1.09% of Gw Henssler Associates Ltd’s portfolio.Carroll Financial Associates boosted its stake in TMO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,076 shares of Thermo Fisher Scientific which is valued at $158,011. Thermo Fisher Scientific makes up approx 0.03% of Carroll Financial Associates’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in TMO by selling 50 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 5,705 shares of TMO which is valued at $829,165. Thermo Fisher Scientific makes up approx 0.16% of Osborn Rohs Williams Donohoe Ltd’s portfolio. Koshinski Asset Management added TMO to its portfolio by purchasing 2,756 company shares during the most recent quarter which is valued at $400,557. Thermo Fisher Scientific makes up approx 0.26% of Koshinski Asset Management’s portfolio.British Columbia Investment Management Corp reduced its stake in TMO by selling 23,771 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 255,409 shares of TMO which is valued at $36,181,239. Thermo Fisher Scientific makes up approx 0.34% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Thermo Fisher Scientific reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $2.11. The company had revenue of $4652.50 million for the quarter, compared to analysts expectations of $4551.79 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS.

Many Wall Street Analysts have commented on Thermo Fisher Scientific. Company shares were Reiterated by Mizuho on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $150 .Company shares were Reiterated by Topeka Capital Markets on Mar 2, 2016 to “Buy”, Firm has raised the Price Target to $ 155 from a previous price target of $145 .

Thermo Fisher Scientific Inc. is a provider of analytical instruments equipment reagents and consumables software and services for research manufacturing analysis discovery and diagnostics. The company operates through four segments: Life Sciences Solutions provides reagents instruments and consumables used in biological and medical research discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments provides instruments consumables software and services that are used in the laboratory; Specialty Diagnostics offers diagnostic test kits reagents culture media instruments and associated products and Laboratory Products and Services offers self-manufactured and sourced products for the laboratory.

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