STA Wealth Management LLC Invests $636,000 in Idexx Laboratories (IDXX)
STA Wealth Management LLC bought a new position in shares of Idexx Laboratories (NASDAQ:IDXX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,324 shares of the company’s stock, valued at approximately $636,000.
Several other hedge funds have also made changes to their positions in IDXX. Signaturefd LLC acquired a new position in Idexx Laboratories in the first quarter valued at about $105,000. Three Peaks Capital Management LLC acquired a new position in Idexx Laboratories in the first quarter valued at about $108,000. Optimum Investment Advisors acquired a new position in Idexx Laboratories in the first quarter valued at about $139,000. Financial Gravity Wealth Inc. acquired a new position in Idexx Laboratories in the first quarter valued at about $191,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Idexx Laboratories in the first quarter valued at about $191,000. Institutional investors own 86.31% of the company’s stock.
Idexx Laboratories opened at $223.82 on Thursday, according to MarketBeat.com. The stock has a market cap of $19.20 billion, a PE ratio of 68.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.72 and a debt-to-equity ratio of -12.43. Idexx Laboratories has a one year low of $146.09 and a one year high of $224.50.
Several equities analysts have weighed in on IDXX shares. Zacks Investment Research raised Idexx Laboratories from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Monday, May 21st. Stifel Nicolaus increased their target price on Idexx Laboratories from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 7th. ValuEngine raised Idexx Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub lowered Idexx Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 9th. Finally, Credit Suisse Group increased their target price on Idexx Laboratories from $209.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Idexx Laboratories currently has an average rating of “Buy” and an average price target of $218.43.
In other Idexx Laboratories news, Director William T. End sold 9,470 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $208.36, for a total value of $1,973,169.20. Following the completion of the transaction, the director now directly owns 31,786 shares in the company, valued at $6,622,930.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jacqueline Studer sold 475 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $209.98, for a total value of $99,740.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,571 shares of company stock valued at $2,405,215. 2.56% of the stock is owned by corporate insiders.
Idexx Laboratories Company Profile
IDEXX Laboratories, Inc, together with its subsidiaries, develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide. It operates through Companion Animal Group; Water Quality Products; Livestock, Poultry and Dairy; and Other segments.
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