Bio-Rad Laboratories, Inc. (BIO) Shares Sold by Federated Investors Inc. PA
Federated Investors Inc. PA reduced its position in shares of Bio-Rad Laboratories, Inc. (NYSE:BIO) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,786 shares of the medical research company’s stock after selling 667 shares during the period. Federated Investors Inc. PA’s holdings in Bio-Rad Laboratories were worth $2,215,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new position in Bio-Rad Laboratories in the 2nd quarter worth about $113,000. Advisory Services Network LLC purchased a new position in Bio-Rad Laboratories in the 1st quarter worth about $115,000. Flinton Capital Management LLC increased its stake in Bio-Rad Laboratories by 17.6% in the 1st quarter. Flinton Capital Management LLC now owns 640 shares of the medical research company’s stock worth $128,000 after purchasing an additional 96 shares in the last quarter. Turner Investments LLC purchased a new position in Bio-Rad Laboratories in the 2nd quarter worth about $136,000. Finally, Meadow Creek Investment Management LLC increased its stake in Bio-Rad Laboratories by 17.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 880 shares of the medical research company’s stock worth $175,000 after purchasing an additional 132 shares in the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on BIO shares. Deutsche Bank AG raised Bio-Rad Laboratories from a “hold” rating to a “buy” rating and dropped their price target for the stock from $220.00 to $195.00 in a research note on Wednesday, June 28th. Zacks Investment Research cut Bio-Rad Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub raised Bio-Rad Laboratories from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Wells Fargo & Company started coverage on Bio-Rad Laboratories in a research note on Thursday, July 13th. They issued an “outperform” rating and a $250.00 price target on the stock. Finally, TheStreet cut Bio-Rad Laboratories from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Bio-Rad Laboratories has an average rating of “Buy” and a consensus price target of $228.80.
Bio-Rad Laboratories, Inc. (NYSE BIO) opened at 218.42 on Friday. Bio-Rad Laboratories, Inc. has a 52 week low of $154.70 and a 52 week high of $242.79. The stock has a market cap of $6.47 billion, a PE ratio of 431.66 and a beta of 0.93. The company has a 50-day moving average price of $223.06 and a 200-day moving average price of $216.05.
In other Bio-Rad Laboratories news, EVP Michael Crowley sold 700 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $215.91, for a total value of $151,137.00. Following the transaction, the executive vice president now owns 2,060 shares of the company’s stock, valued at $444,774.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 28.29% of the company’s stock.
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About Bio-Rad Laboratories
Bio-Rad Laboratories, Inc (Bio-Rad) is a manufacturer and distributor of its life science research and clinical diagnostics products. The Company operates through two segments: Life Science and Clinical Diagnostics. It manufactures and supplies the life science research, healthcare, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials and to identify, analyze and purify their components.
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