Westpac Banking Corp reduced its position in shares of VWR Corp. (NASDAQ:VWR) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,189 shares of the company’s stock after selling 945 shares during the period. Westpac Banking Corp’s holdings in VWR Corp. were worth $241,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its position in VWR Corp. by 51.4% in the first quarter. Legal & General Group Plc now owns 4,812 shares of the company’s stock valued at $130,000 after buying an additional 1,634 shares during the period. Acrospire Investment Management LLC increased its position in VWR Corp. by 113.0% in the second quarter. Acrospire Investment Management LLC now owns 4,900 shares of the company’s stock valued at $142,000 after buying an additional 2,600 shares during the period. Highland Capital Management LLC bought a new position in VWR Corp. during the second quarter valued at approximately $209,000. Independent Portfolio Consultants Inc. increased its position in VWR Corp. by 9.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,300 shares of the company’s stock valued at $211,000 after buying an additional 615 shares during the period. Finally, Capstone Asset Management Co. bought a new position in VWR Corp. during the second quarter valued at approximately $221,000.
VWR Corp. (NASDAQ:VWR) opened at 28.44 on Friday. The firm’s 50-day moving average price is $27.90 and its 200 day moving average price is $28.39. The stock has a market cap of $3.74 billion, a PE ratio of 25.85 and a beta of 1.23. VWR Corp. has a 12-month low of $21.56 and a 12-month high of $31.75.
VWR Corp. (NASDAQ:VWR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. VWR Corp. had a return on equity of 16.05% and a net margin of 3.26%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that VWR Corp. will post $1.72 EPS for the current year.
Several research firms have recently commented on VWR. Zacks Investment Research raised VWR Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Jefferies Group raised their price objective on VWR Corp. from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Cleveland Research downgraded VWR Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, August 19th. Deutsche Bank AG raised their price objective on VWR Corp. from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. raised their price objective on VWR Corp. from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.02.
About VWR Corp.
VWR Corporation is a provider of laboratory products, services and solutions to the life science, general research and applied markets. The Company operates in two segments: Americas and EMEA-APAC. Its Americas segment consists of operations located principally in the United States and Canada, as well as in Puerto Rico, Mexico and select countries in Central and South America, including Costa Rica, Brazil, Argentina and Chile, and includes over 65 facilities located in approximately 10 countries.
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