VWR Corporation (VWR) Shares Bought by Suntrust Banks Inc.
Suntrust Banks Inc. increased its position in VWR Corporation (NASDAQ:VWR) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 36,688 shares of the company’s stock after buying an additional 270 shares during the period. Suntrust Banks Inc.’s holdings in VWR Corporation were worth $1,039,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in VWR. Advisor Group Inc. acquired a new stake in VWR Corporation during the second quarter worth $111,000. Pacer Advisors Inc. acquired a new stake in VWR Corporation during the second quarter worth $177,000. C M Bidwell & Associates Ltd. acquired a new stake in VWR Corporation during the second quarter worth $191,000. Sei Investments Co. increased its stake in VWR Corporation by 82.0% in the second quarter. Sei Investments Co. now owns 7,202 shares of the company’s stock worth $208,000 after buying an additional 3,244 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in VWR Corporation by 4.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 7,660 shares of the company’s stock worth $217,000 after buying an additional 360 shares during the period.
Shares of VWR Corporation (NASDAQ:VWR) traded down 1.48% during midday trading on Friday, reaching $25.31. 648,785 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $25.72 and a 200-day moving average price of $27.80. The stock has a market cap of $3.33 billion, a P/E ratio of 19.03 and a beta of 1.12. VWR Corporation has a 52-week low of $21.56 and a 52-week high of $31.75.
VWR Corporation (NASDAQ:VWR) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. VWR Corporation had a net margin of 3.89% and a return on equity of 16.06%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts forecast that VWR Corporation will post $1.71 earnings per share for the current year.
A number of research firms recently weighed in on VWR. TheStreet downgraded shares of VWR Corporation from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. Bank of America downgraded shares of VWR Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.86.
VWR Corporation Company Profile
VWR Corporation is a provider of laboratory products, services and solutions to the life science, general research and applied markets. The Company operates in two segments: Americas and EMEA-APAC. Its Americas segment consists of operations located principally in the United States and Canada, as well as in Puerto Rico, Mexico and select countries in Central and South America, including Costa Rica, Brazil, Argentina and Chile, and includes over 65 facilities located in approximately 10 countries.
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