Kornitzer Capital Management Inc. KS Sells 199,520 Shares of Agilent Technologies Inc. (A)
Kornitzer Capital Management Inc. KS lowered its stake in Agilent Technologies Inc. (NYSE:A) by 44.3% during the second quarter, Holdings Channel reports. The firm owned 250,975 shares of the company’s stock after selling 199,520 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Agilent Technologies were worth $11,133,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Agilent Technologies by 251.7% in the second quarter. American Century Companies Inc. now owns 2,592,886 shares of the company’s stock worth $115,020,000 after buying an additional 1,855,695 shares during the period. Pictet Asset Management Ltd. raised its stake in Agilent Technologies by 621.8% in the first quarter. Pictet Asset Management Ltd. now owns 1,250,001 shares of the company’s stock worth $46,687,000 after buying an additional 1,076,826 shares during the period. Renaissance Technologies LLC raised its stake in Agilent Technologies by 1,473.3% in the first quarter. Renaissance Technologies LLC now owns 755,200 shares of the company’s stock worth $30,095,000 after buying an additional 707,200 shares during the period. Bristol Gate Capital Partners Inc. bought a new stake in Agilent Technologies during the second quarter worth about $25,564,000. Finally, JPMorgan Chase & Co. raised its stake in Agilent Technologies by 132.8% in the first quarter. JPMorgan Chase & Co. now owns 759,875 shares of the company’s stock worth $30,282,000 after buying an additional 433,490 shares during the period.
Shares of Agilent Technologies Inc. (NYSE:A) traded down 0.18% during mid-day trading on Friday, hitting $45.08. The stock had a trading volume of 997,137 shares. The company’s 50 day moving average price is $46.39 and its 200 day moving average price is $44.91. The stock has a market cap of $14.62 billion, a P/E ratio of 31.26 and a beta of 1.35. Agilent Technologies Inc. has a 12-month low of $34.15 and a 12-month high of $48.63.
Agilent Technologies (NYSE:A) last released its earnings results on Wednesday, August 17th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Agilent Technologies had a net margin of 11.59% and a return on equity of 14.97%. Agilent Technologies’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Equities research analysts predict that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.46 annualized dividend and a yield of 1.02%. Agilent Technologies’s payout ratio is currently 31.72%.
Several brokerages recently weighed in on A. Bank of America Corp. set a $51.00 price objective on Agilent Technologies and gave the stock a “buy” rating in a research report on Friday, October 7th. Zacks Investment Research upgraded Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, October 5th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $53.00 price objective on shares of Agilent Technologies in a research report on Wednesday, September 7th. Morgan Stanley set a $47.00 price objective on Agilent Technologies and gave the stock a “hold” rating in a research report on Thursday, August 18th. Finally, Robert W. Baird increased their price objective on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $48.89.
In other news, Director Heidi Fields sold 8,072 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $46.99, for a total transaction of $379,303.28. Following the completion of the sale, the director now directly owns 51,836 shares of the company’s stock, valued at approximately $2,435,773.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Kaltenbach sold 2,000 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $47.30, for a total transaction of $94,600.00. Following the sale, the insider now directly owns 22,463 shares of the company’s stock, valued at $1,062,499.90. The disclosure for this sale can be found here.
Agilent Technologies Company Profile
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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