Fmr LLC Has $160.98 Million Holdings in Bio-Rad Laboratories, Inc. (BIO)
Fmr LLC raised its stake in Bio-Rad Laboratories, Inc. (NYSE:BIO) by 237.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 711,313 shares of the medical research company’s stock after buying an additional 500,513 shares during the quarter. Fmr LLC owned approximately 2.40% of Bio-Rad Laboratories worth $160,978,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of BIO. Canada Pension Plan Investment Board acquired a new position in shares of Bio-Rad Laboratories in the 2nd quarter valued at $113,000. Pacad Investment Ltd. acquired a new position in shares of Bio-Rad Laboratories in the 2nd quarter valued at $113,000. Turner Investments LLC acquired a new position in shares of Bio-Rad Laboratories in the 2nd quarter valued at $136,000. Capital Analysts LLC acquired a new position in shares of Bio-Rad Laboratories in the 2nd quarter valued at $170,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bio-Rad Laboratories by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 815 shares of the medical research company’s stock valued at $184,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 62.84% of the company’s stock.
Bio-Rad Laboratories, Inc. (BIO) opened at 223.27 on Friday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 441.25 and a beta of 0.91. Bio-Rad Laboratories, Inc. has a 1-year low of $154.89 and a 1-year high of $242.79. The company’s 50-day moving average price is $221.08 and its 200 day moving average price is $219.92.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Bio-Rad Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $275.00 price target on shares of Bio-Rad Laboratories in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $255.00 price target on shares of Bio-Rad Laboratories in a research note on Monday, September 18th. TheStreet lowered Bio-Rad Laboratories from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company assumed 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $240.00.
In other news, EVP Michael Crowley sold 700 shares of Bio-Rad Laboratories stock in a transaction on Friday, August 11th. The stock was sold at an average price of $215.91, for a total value of $151,137.00. Following the completion of the sale, the executive vice president now owns 2,060 shares of the company’s stock, valued at $444,774.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 28.29% of the stock is owned by insiders.
Bio-Rad Laboratories Profile
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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