British Columbia Investment Management Corp Reduces Position in Agilent Technologies Inc. (A)
British Columbia Investment Management Corp lowered its position in shares of Agilent Technologies Inc. (NYSE:A) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,709 shares of the company’s stock after selling 20,762 shares during the period. British Columbia Investment Management Corp’s holdings in Agilent Technologies were worth $8,321,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cribstone Capital Management LLC acquired a new stake in Agilent Technologies during the second quarter worth about $102,000. ClariVest Asset Management LLC purchased a new stake in shares of Agilent Technologies during the second quarter worth $105,000. CENTRAL TRUST Co boosted its stake in shares of Agilent Technologies by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,596 shares of the company’s stock worth $115,000 after buying an additional 34 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Agilent Technologies by 7,555.6% in the second quarter. JFS Wealth Advisors LLC now owns 3,445 shares of the company’s stock worth $153,000 after buying an additional 3,400 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of Agilent Technologies during the second quarter worth $154,000.
Shares of Agilent Technologies Inc. (NYSE:A) traded up 2.18% during midday trading on Tuesday, reaching $44.55. 1,117,104 shares of the company’s stock were exchanged. The company’s 50 day moving average is $45.03 and its 200-day moving average is $45.87. The stock has a market cap of $14.43 billion, a PE ratio of 31.82 and a beta of 1.29. Agilent Technologies Inc. has a 12 month low of $34.15 and a 12 month high of $48.63.
Agilent Technologies (NYSE:A) last posted its earnings results on Tuesday, November 15th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.07. Agilent Technologies had a return on equity of 15.50% and a net margin of 10.99%. The company earned $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Agilent Technologies Inc. will post $2.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 3rd will be issued a dividend of $0.132 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Agilent Technologies’s previous quarterly dividend of $0.12. Agilent Technologies’s dividend payout ratio (DPR) is currently 32.62%.
A has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, October 5th. Bank of America Corp. set a $51.00 target price on shares of Agilent Technologies and gave the company a “buy” rating in a research note on Friday, October 7th. BTIG Research reiterated a “buy” rating on shares of Agilent Technologies in a research note on Wednesday, November 16th. Leerink Swann assumed coverage on shares of Agilent Technologies in a research note on Thursday, November 10th. They set an “outperform” rating and a $53.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Agilent Technologies from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $49.73.
In related news, Director Heidi Fields sold 8,072 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $46.99, for a total value of $379,303.28. Following the completion of the transaction, the director now owns 51,836 shares of the company’s stock, valued at $2,435,773.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul N. Clark sold 4,704 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $45.31, for a total value of $213,138.24. 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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