IDEXX Laboratories (IDXX) : Municipal Employees’ Retirement System Of Michigan scooped up 9,770 additional shares in IDEXX Laboratories during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 39,650 shares of IDEXX Laboratories which is valued at $4,392,427.IDEXX Laboratories makes up approximately 0.23% of Municipal Employees’ Retirement System Of Michigan’s portfolio.
Other Hedge Funds, Including , Ivory Investment Management reduced its stake in IDXX by selling 1,991 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 118,974 shares of IDXX which is valued at $13,179,940. IDEXX Laboratories makes up approx 0.43% of Ivory Investment Management’s portfolio. Andra Ap-fonden added IDXX to its portfolio by purchasing 18,900 company shares during the most recent quarter which is valued at $2,093,742. IDEXX Laboratories makes up approx 0.05% of Andra Ap-fonden’s portfolio. Hanseatic Management Services Inc added IDXX to its portfolio by purchasing 17,920 company shares during the most recent quarter which is valued at $1,954,176. IDEXX Laboratories makes up approx 0.71% of Hanseatic Management Services Inc’s portfolio.Swiss National Bank boosted its stake in IDXX in the latest quarter, The investment management firm added 97,900 additional shares and now holds a total of 251,100 shares of IDEXX Laboratories which is valued at $27,111,267. IDEXX Laboratories makes up approx 0.04% of Swiss National Bank’s portfolio.Parkwood reduced its stake in IDXX by selling 2,435 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 49,887 shares of IDXX which is valued at $4,711,328. IDEXX Laboratories makes up approx 0.77% of Parkwood’s portfolio.
IDEXX Laboratories opened for trading at $113.01 and hit $113.89 on the upside on Thursday, eventually ending the session at $113.16, with a gain of 0.43% or 0.48 points. The heightened volatility saw the trading volume jump to 3,85,749 shares. Company has a market cap of $10,132 M.
On the company’s financial health, IDEXX Laboratories reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.62. The company had revenue of $466.56 million for the quarter, compared to analysts expectations of $445.57 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on IDEXX Laboratories. Company shares were Reiterated by Stifel on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $120 .IDEXX Laboratories was Upgraded by Northcoast to ” Neutral” on Aug 3, 2016. Company shares were Reiterated by Canaccord Genuity on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 98 from a previous price target of $90 .
IDEXX Laboratories Inc. develops manufactures and distributes products and provides services primarily for the companion animal veterinary livestock and poultry water testing and dairy markets. The Company sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. Its segments include Companion Animal Group (CAG) Water Livestock Poultry and Dairy and Other. Its Products and services include point-of-care veterinary diagnostic products; veterinary reference laboratory diagnostic and consulting services; practice management systems and services and digital imaging systems; biological materials testing laboratory animal diagnostic instruments and services; diagnostic health-monitoring and food safety testing products for livestock poultry and dairy; products that test water for microbiological contaminants and point-of-care electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.