Idexx Laboratories Inc. (NASDAQ:IDXX) Director Thomas Craig sold 8,500 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $120.06, for a total value of $1,020,510.00. Following the completion of the sale, the director now owns 32,783 shares in the company, valued at $3,935,926.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Idexx Laboratories Inc. (NASDAQ:IDXX) opened at 120.34 on Wednesday. The company’s 50-day moving average price is $111.46 and its 200 day moving average price is $103.18. The stock has a market capitalization of $10.79 billion, a P/E ratio of 51.25 and a beta of 0.48. Idexx Laboratories Inc. has a 52-week low of $63.48 and a 52-week high of $120.80.

Idexx Laboratories (NASDAQ:IDXX) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm earned $448.30 million during the quarter, compared to analysts’ expectations of $448.60 million. Idexx Laboratories had a negative return on equity of 788.91% and a net margin of 12.36%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. On average, equities research analysts anticipate that Idexx Laboratories Inc. will post $2.38 earnings per share for the current year.

Insider Buying and Selling by Quarter for Idexx Laboratories (NASDAQ:IDXX)

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Several brokerages have recently issued reports on IDXX. Canaccord Genuity set a $125.00 price objective on Idexx Laboratories and gave the company a “buy” rating in a research report on Saturday, October 15th. Stifel Nicolaus restated a “buy” rating and issued a $120.00 price objective (up from $92.00) on shares of Idexx Laboratories in a research report on Wednesday, August 3rd. Northcoast Research upgraded Idexx Laboratories from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Idexx Laboratories from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Thursday, August 4th. Finally, Bank of America Corp. restated a “neutral” rating on shares of Idexx Laboratories in a research report on Thursday, September 29th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Idexx Laboratories presently has a consensus rating of “Buy” and an average target price of $105.20.

Hedge funds have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC boosted its stake in Idexx Laboratories by 47.0% in the third quarter. ETRADE Capital Management LLC now owns 5,232 shares of the company’s stock worth $590,000 after buying an additional 1,672 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Idexx Laboratories by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,546,191 shares of the company’s stock worth $512,492,000 after buying an additional 14,294 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Idexx Laboratories by 3,513.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 69,639 shares of the company’s stock worth $7,849,000 after buying an additional 67,712 shares during the last quarter. Balentine LLC purchased a new stake in Idexx Laboratories during the third quarter worth about $601,000. Finally, Peloton Wealth Strategists purchased a new stake in Idexx Laboratories during the third quarter worth about $1,945,000. 90.84% of the stock is owned by hedge funds and other institutional investors.

Idexx Laboratories Company Profile

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