Balyasny Asset Management L.P. boosted its stake in shares of Agilent Technologies, Inc. (NYSE:A – Free Report) by 192.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,412,535 shares of the medical research company’s stock after purchasing an additional 928,821 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Agilent Technologies were worth $192,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of A. Brighton Jones LLC boosted its position in shares of Agilent Technologies by 6.1% in the fourth quarter. Brighton Jones LLC now owns 4,663 shares of the medical research company’s stock valued at $626,000 after acquiring an additional 270 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Agilent Technologies by 15.9% in the first quarter. Jones Financial Companies Lllp now owns 5,610 shares of the medical research company’s stock valued at $602,000 after acquiring an additional 769 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Agilent Technologies by 54.8% in the first quarter. Geneos Wealth Management Inc. now owns 599 shares of the medical research company’s stock valued at $70,000 after acquiring an additional 212 shares during the period. Acadian Asset Management LLC boosted its position in shares of Agilent Technologies by 16.5% in the first quarter. Acadian Asset Management LLC now owns 5,352 shares of the medical research company’s stock valued at $625,000 after acquiring an additional 758 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in shares of Agilent Technologies in the second quarter valued at about $273,000.
Agilent Technologies Trading Down 2.9%
A opened at $124.59 on Thursday. Agilent Technologies, Inc. has a twelve month low of $108.35 and a twelve month high of $160.27. The company has a 50-day simple moving average of $121.00 and a 200 day simple moving average of $127.10. The company has a quick ratio of 1.62, a current ratio of 2.10 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $35.19 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.28 and a beta of 1.26.
Agilent Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.02 annualized dividend and a yield of 0.8%. Agilent Technologies’s payout ratio is presently 20.48%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on A. Piper Sandler began coverage on shares of Agilent Technologies in a research report on Thursday, June 11th. They issued a “neutral” rating and a $150.00 target price for the company. Bank of America raised shares of Agilent Technologies from a “neutral” rating to a “buy” rating and reduced their target price for the company from $150.00 to $145.00 in a research report on Thursday, May 28th. TD Cowen boosted their target price on shares of Agilent Technologies from $147.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wolfe Research reissued a “hold” rating on shares of Agilent Technologies in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Agilent Technologies from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $160.93.
View Our Latest Report on Agilent Technologies
Agilent Technologies Company Profile
Agilent Technologies is a global provider of scientific instrumentation, consumables, software and services for laboratories across the life sciences, diagnostics and applied chemical markets. The company’s product portfolio includes analytical instruments such as liquid and gas chromatographs, mass spectrometers, spectroscopy systems, and laboratory automation solutions, together with reagents, supplies and informatics tools that support measurement, testing and data analysis workflows. Agilent also offers instrument maintenance, qualification and laboratory services designed to help customers improve productivity and comply with regulatory requirements.
Founded as a corporate spin-off from Hewlett‑Packard in 1999, Agilent has evolved through a combination of strategic restructuring and acquisitions to concentrate on life sciences, diagnostics and applied laboratories.
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