Landscape Capital Management L.L.C. bought a new position in shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,279 shares of the company’s stock, valued at approximately $4,248,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IDXX. Virtus Advisers LLC acquired a new position in shares of IDEXX Laboratories during the third quarter valued at about $26,000. Park Place Capital Corp acquired a new position in shares of IDEXX Laboratories during the fourth quarter valued at about $29,000. WealthCollab LLC acquired a new position in shares of IDEXX Laboratories during the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of IDEXX Laboratories during the third quarter valued at about $36,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in shares of IDEXX Laboratories by 58.8% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 54 shares of the company’s stock valued at $37,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.
IDEXX Laboratories Stock Performance
NASDAQ IDXX opened at $560.88 on Friday. The stock has a market cap of $44.24 billion, a P/E ratio of 41.30, a PEG ratio of 3.07 and a beta of 1.55. The company’s 50-day simple moving average is $563.06 and its 200 day simple moving average is $627.69. IDEXX Laboratories, Inc. has a twelve month low of $506.91 and a twelve month high of $769.98. The company has a quick ratio of 0.82, a current ratio of 1.12 and a debt-to-equity ratio of 0.19.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on IDXX shares. Wall Street Zen raised shares of IDEXX Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus cut their price objective on shares of IDEXX Laboratories from $775.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings lowered shares of IDEXX Laboratories from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup started coverage on shares of IDEXX Laboratories in a research report on Wednesday, April 15th. They set a “neutral” rating and a $650.00 price objective for the company. Finally, UBS Group cut their price objective on shares of IDEXX Laboratories from $730.00 to $640.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $751.00.
Read Our Latest Report on IDEXX Laboratories
IDEXX Laboratories Profile
IDEXX Laboratories, Inc (NASDAQ: IDXX) is a global developer, manufacturer and provider of diagnostic products and services primarily for the animal health, water testing and food safety markets. Headquartered in Westbrook, Maine, the company supplies in-clinic diagnostic instruments, consumables, reference laboratory testing and practice-management tools that support veterinarians, livestock and dairy producers, and utilities and food producers worldwide.
IDEXX’s product portfolio includes point-of-care tests and immunoassays designed for rapid diagnosis in veterinary clinics, in-clinic chemistry and hematology analyzers, automated urinalysis systems, and digital diagnostic solutions.
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