Ameritas Investment Partners Inc. Has $178,000 Holdings in PerkinElmer, Inc. (PKI)
Ameritas Investment Partners Inc. continued to hold its stake in PerkinElmer, Inc. (NYSE:PKI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,615 shares of the medical research company’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in PerkinElmer were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in PerkinElmer by 28.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,979 shares of the medical research company’s stock valued at $115,000 after buying an additional 434 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in PerkinElmer by 185.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the medical research company’s stock valued at $136,000 after buying an additional 1,300 shares in the last quarter. LS Investment Advisors LLC grew its holdings in PerkinElmer by 2.1% in the 2nd quarter. LS Investment Advisors LLC now owns 2,877 shares of the medical research company’s stock valued at $196,000 after buying an additional 60 shares in the last quarter. Carret Asset Management LLC acquired a new position in PerkinElmer in the 2nd quarter valued at $210,000. Finally, Capital Asset Advisory Services LLC acquired a new position in PerkinElmer in the 2nd quarter valued at $222,000. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on PKI shares. Wells Fargo & Company started coverage on PerkinElmer in a report on Thursday, July 13th. They set a “market perform” rating and a $72.00 target price on the stock. Zacks Investment Research lowered PerkinElmer from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $67.00 target price on shares of PerkinElmer in a report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and set a $72.00 target price on shares of PerkinElmer in a report on Friday, October 20th. Finally, Cowen and Company reissued a “hold” rating and set a $70.00 target price on shares of PerkinElmer in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.14.
PerkinElmer (NYSE:PKI) last posted its earnings results on Thursday, August 3rd. The medical research company reported $0.67 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. PerkinElmer had a return on equity of 13.44% and a net margin of 16.80%. The business had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $554.14 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, January 18th. PerkinElmer’s payout ratio is 8.46%.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets. The Company operates through two segments: Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment serves the environmental, food, industrial, life sciences research and laboratory services markets.
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