Geode Capital Management LLC Acquires 59,545 Shares of VWR Corporation (NASDAQ:VWR)
Geode Capital Management LLC increased its stake in shares of VWR Corporation (NASDAQ:VWR) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,822 shares of the medical research company’s stock after buying an additional 59,545 shares during the period. Geode Capital Management LLC owned approximately 0.55% of VWR Corporation worth $20,383,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in VWR. Highbridge Capital Management LLC raised its stake in VWR Corporation by 280.1% in the fourth quarter. Highbridge Capital Management LLC now owns 173,658 shares of the medical research company’s stock worth $4,347,000 after buying an additional 127,966 shares in the last quarter. Regentatlantic Capital LLC raised its stake in VWR Corporation by 4.8% in the first quarter. Regentatlantic Capital LLC now owns 117,150 shares of the medical research company’s stock worth $3,304,000 after buying an additional 5,415 shares in the last quarter. Capstone Asset Management Co. raised its stake in VWR Corporation by 24.6% in the first quarter. Capstone Asset Management Co. now owns 10,670 shares of the medical research company’s stock worth $301,000 after buying an additional 2,110 shares in the last quarter. Private Bank & Trust Co. acquired a new stake in VWR Corporation during the first quarter worth $245,000. Finally, Fox Run Management L.L.C. acquired a new stake in VWR Corporation during the first quarter worth $742,000.
VWR Corporation (VWR) traded up 0.06% during midday trading on Tuesday, reaching $32.98. 536,795 shares of the company’s stock traded hands. The firm has a market cap of $4.35 billion, a PE ratio of 30.54 and a beta of 1.19. VWR Corporation has a 52-week low of $24.42 and a 52-week high of $37.25. The firm’s 50-day moving average is $33.00 and its 200 day moving average is $29.90.
VWR Corporation (NASDAQ:VWR) last released its quarterly earnings results on Monday, July 31st. The medical research company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. VWR Corporation had a net margin of 3.12% and a return on equity of 15.54%. VWR Corporation’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities research analysts expect that VWR Corporation will post $1.85 earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of VWR Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, August 2nd. BidaskClub lowered shares of VWR Corporation from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. TheStreet upgraded shares of VWR Corporation from a “c” rating to a “b-” rating in a report on Wednesday, April 19th. Finally, William Blair lowered shares of VWR Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.50.
About VWR Corporation
VWR Corporation is a provider of product and service solutions to laboratory and production customers. The Company offers a portfolio of branded and private label laboratory products, services and solutions to the life science, general research and applied markets. The Company operates in two segments: Americas and EMEA-APAC.
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