Ngam Advisors buys $19,662,442 stake in VWR Corp (VWR)

VWR Corp (VWR) : Ngam Advisors scooped up 3,369 additional shares in VWR Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 639,429 shares of VWR Corp which is valued at $19,662,442.VWR Corp makes up approximately 0.26% of Ngam Advisors’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in VWR in the latest quarter, The investment management firm added 106,392 additional shares and now holds a total of 169,316 shares of VWR Corp which is valued at $5,206,467. VWR Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Shell Asset Management Co boosted its stake in VWR in the latest quarter, The investment management firm added 77,132 additional shares and now holds a total of 97,260 shares of VWR Corp which is valued at $2,979,074. VWR Corp makes up approx 0.07% of Shell Asset Management Co’s portfolio. Ibm Retirement Fund added VWR to its portfolio by purchasing 7,873 company shares during the most recent quarter which is valued at $240,835. VWR Corp makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

VWR Corp closed down -0.13 points or -0.42% at $30.62 with 12,61,402 shares getting traded on Thursday. Post opening the session at $30.86, the shares hit an intraday low of $29.89 and an intraday high of $31.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, VWR Corp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $1150.00 million for the quarter, compared to analysts expectations of $1140.88 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on VWR Corp. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .

VWR Corporation (VWR) is a provider of laboratory products services and solutions to the life science general research and applied markets. The Company operates in two segments: North Central and South America (Americas) and Europe Middle East Africa and Asia Pacific (EMEA-APAC). It has a presence in Europe and North America with respect to the laboratory products market. It also has operations in Asia-Pacific and other markets to support its multinational customers across the globe. The Company offers a portfolio of and private label laboratory products and a range of services including custom manufacturing. The Company’s portfolio includes chemicals reagents consumables durable products and scientific equipment and instruments. The Company’s branded and private label product portfolio includes service offerings marketed under the VWRCATALYST brand including sourcing and procurement logistics chemical and equipment tracking and sample management.

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