Bio-Rad Laboratories, Inc. (NYSE:BIO) EVP Michael Crowley sold 700 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $215.91, for a total transaction of $151,137.00. Following the transaction, the executive vice president now directly owns 2,060 shares in the company, valued at $444,774.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Bio-Rad Laboratories, Inc. (NYSE BIO) opened at 215.89 on Friday. Bio-Rad Laboratories, Inc. has a one year low of $147.68 and a one year high of $242.79. The company has a market cap of $6.40 billion, a PE ratio of 426.66 and a beta of 0.91. The stock’s 50 day moving average is $229.16 and its 200-day moving average is $212.40.
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BIO has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a research report on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and set a $250.00 price objective on shares of Bio-Rad Laboratories in a research report on Thursday, April 27th. Wells Fargo & Company initiated coverage on shares of Bio-Rad Laboratories in a research report on Thursday, July 13th. They set an “outperform” rating and a $250.00 price objective on the stock. TheStreet downgraded shares of Bio-Rad Laboratories from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and reduced their price objective for the company from $220.00 to $195.00 in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $228.80.
Several institutional investors have recently made changes to their positions in BIO. Canada Pension Plan Investment Board purchased a new position in shares of Bio-Rad Laboratories during the second quarter valued at approximately $113,000. Pacad Investment Ltd. purchased a new position in shares of Bio-Rad Laboratories during the second quarter valued at approximately $113,000. Advisory Services Network LLC purchased a new position in shares of Bio-Rad Laboratories during the first quarter valued at approximately $115,000. Flinton Capital Management LLC raised its position in shares of Bio-Rad Laboratories by 17.6% in the first quarter. Flinton Capital Management LLC now owns 640 shares of the medical research company’s stock valued at $128,000 after buying an additional 96 shares in the last quarter. Finally, Turner Investments LLC purchased a new position in shares of Bio-Rad Laboratories during the second quarter valued at approximately $136,000. Hedge funds and other institutional investors own 63.73% of the company’s stock.
Bio-Rad Laboratories Company Profile
Bio-Rad Laboratories, Inc (Bio-Rad) is a manufacturer and distributor of its life science research and clinical diagnostics products. The Company operates through two segments: Life Science and Clinical Diagnostics. It manufactures and supplies the life science research, healthcare, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials and to identify, analyze and purify their components.
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