Traders Sell Shares of Agilent Technologies Inc. (A) on Strength (A)
Investors sold shares of Agilent Technologies Inc. (NYSE:A) on strength during trading on Friday. $15.44 million flowed into the stock on the tick-up and $39.55 million flowed out of the stock on the tick-down, for a money net flow of $24.11 million out of the stock. Of all equities tracked, Agilent Technologies had the 0th highest net out-flow for the day. Agilent Technologies traded up $0.90 for the day and closed at $47.62
Several research firms have recently commented on A. Zacks Investment Research cut shares of Agilent Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Deutsche Bank AG began coverage on shares of Agilent Technologies in a research report on Wednesday, June 1st. They issued a “hold” rating for the company. Morgan Stanley reaffirmed a “hold” rating and issued a $47.00 target price (up from $44.00) on shares of Agilent Technologies in a research report on Tuesday, May 17th. BTIG Research reiterated a “buy” rating and issued a $50.00 price target on shares of Agilent Technologies in a research note on Sunday, May 29th. Finally, Robert W. Baird increased their price target on shares of Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.61.
The company has a 50 day moving average price of $46.83 and a 200 day moving average price of $42.59. The company has a market capitalization of $15.50 billion and a PE ratio of 33.87.
Agilent Technologies (NYSE:A) last issued its earnings results on Wednesday, August 17th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Equities research analysts anticipate that Agilent Technologies Inc. will post $1.91 EPS for the current fiscal year.
In other news, Director James Cullen sold 16,922 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $44.63, for a total transaction of $755,228.86. Following the completion of the sale, the director now directly owns 84,541 shares of the company’s stock, valued at $3,773,064.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds have added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Agilent Technologies by 43.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,500 shares of the company’s stock worth $6,878,000 after buying an additional 49,900 shares during the period. RS Investment Management Co. LLC raised its stake in Agilent Technologies by 44.8% in the fourth quarter. RS Investment Management Co. LLC now owns 1,883,670 shares of the company’s stock worth $78,756,000 after buying an additional 582,400 shares during the period. BlackRock Advisors LLC raised its stake in Agilent Technologies by 20.6% in the fourth quarter. BlackRock Advisors LLC now owns 1,436,820 shares of the company’s stock worth $60,074,000 after buying an additional 245,066 shares during the period. Westfield Capital Management Co. LP raised its stake in Agilent Technologies by 9.0% in the fourth quarter. Westfield Capital Management Co. LP now owns 852,544 shares of the company’s stock worth $35,645,000 after buying an additional 70,044 shares during the period. Finally, I.G. Investment Management LTD. raised its stake in Agilent Technologies by 43.0% in the fourth quarter. I.G. Investment Management LTD. now owns 166,115 shares of the company’s stock worth $6,945,000 after buying an additional 49,942 shares during the period.
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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