Primecap Management Co. CA Makes New Investment in Agilent Technologies, Inc. $A

Primecap Management Co. CA acquired a new stake in shares of Agilent Technologies, Inc. (NYSE:A) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,327,396 shares of the medical research company’s stock, valued at approximately $176,318,000. Primecap Management Co. CA owned 0.47% of Agilent Technologies at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new position in shares of Agilent Technologies in the 4th quarter worth about $26,000. SHP Wealth Management purchased a new position in Agilent Technologies during the 4th quarter valued at about $26,000. Navalign LLC bought a new stake in Agilent Technologies during the fourth quarter worth about $27,000. Cedar Mountain Advisors LLC bought a new stake in Agilent Technologies during the first quarter worth about $27,000. Finally, MV Capital Management Inc. purchased a new stake in Agilent Technologies in the fourth quarter worth about $28,000.

Analyst Ratings Changes

Several research firms have recently issued reports on A. Morgan Stanley lifted their target price on shares of Agilent Technologies from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Wells Fargo & Company cut their price target on Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Jefferies Financial Group began coverage on Agilent Technologies in a research report on Thursday, July 9th. They set a “hold” rating and a $135.00 price objective for the company. Wolfe Research reiterated a “hold” rating on shares of Agilent Technologies in a research note on Tuesday, June 2nd. Finally, Barclays boosted their target price on Agilent Technologies from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.24.

Agilent Technologies Stock Up 0.9%

NYSE:A opened at $154.81 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.62 and a current ratio of 2.10. The firm has a market cap of $43.72 billion, a P/E ratio of 31.09, a P/E/G ratio of 2.71 and a beta of 1.25. Agilent Technologies, Inc. has a fifty-two week low of $108.35 and a fifty-two week high of $160.51. The firm has a 50-day simple moving average of $138.55 and a two-hundred day simple moving average of $126.47.

Agilent Technologies (NYSE:A) last issued its earnings results on Wednesday, May 27th. The medical research company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.08. Agilent Technologies had a net margin of 19.55% and a return on equity of 24.33%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Analysts predict that Agilent Technologies, Inc. will post 6.05 earnings per share for the current fiscal year.

Agilent Technologies Profile

Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.

Founded as a corporate spin-off from Hewlett‑Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.