2,117 Shares in PerkinElmer, Inc. (NYSE:PKI) Purchased by Cetera Advisors LLC

Cetera Advisors LLC acquired a new position in shares of PerkinElmer, Inc. (NYSE:PKI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,117 shares of the medical research company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PKI. South Dakota Investment Council bought a new position in PerkinElmer in the first quarter worth $87,000. California Public Employees Retirement System grew its stake in shares of PerkinElmer by 1.1% in the first quarter. California Public Employees Retirement System now owns 220,522 shares of the medical research company’s stock worth $21,249,000 after acquiring an additional 2,466 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of PerkinElmer by 1,944.6% in the first quarter. Victory Capital Management Inc. now owns 33,389 shares of the medical research company’s stock worth $3,217,000 after acquiring an additional 31,756 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of PerkinElmer in the first quarter worth $1,098,000. Finally, Investment Management of Virginia LLC grew its stake in shares of PerkinElmer by 2.0% in the first quarter. Investment Management of Virginia LLC now owns 11,971 shares of the medical research company’s stock worth $1,154,000 after acquiring an additional 240 shares during the last quarter. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

PKI has been the topic of a number of recent research reports. Zacks Investment Research raised PerkinElmer from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Wednesday, April 3rd. Goldman Sachs Group raised PerkinElmer from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, April 9th. Royal Bank of Canada reissued a “hold” rating and issued a $41.00 target price on shares of PerkinElmer in a research report on Friday, May 3rd. Finally, Wolfe Research began coverage on PerkinElmer in a research note on Thursday, May 30th. They issued a “peer perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. PerkinElmer currently has a consensus rating of “Hold” and an average price target of $81.32.

Shares of PKI traded down $0.17 during trading hours on Friday, hitting $92.94. The company had a trading volume of 638,600 shares, compared to its average volume of 737,639. PerkinElmer, Inc. has a one year low of $71.31 and a one year high of $103.00. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.65 and a beta of 1.24. The company has a current ratio of 1.68, a quick ratio of 1.17 and a debt-to-equity ratio of 0.70.

PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, April 25th. The medical research company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. PerkinElmer had a return on equity of 15.98% and a net margin of 8.89%. The company had revenue of $648.70 million for the quarter, compared to analyst estimates of $645.38 million. During the same period in the prior year, the company posted $0.63 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that PerkinElmer, Inc. will post 4.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.28 annualized dividend and a yield of 0.30%. PerkinElmer’s payout ratio is presently 7.76%.

In other news, insider Prahlad R. Singh sold 3,289 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $102.39, for a total value of $336,760.71. Following the sale, the insider now owns 28,242 shares in the company, valued at $2,891,698.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah A. Butters sold 7,414 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $98.00, for a total value of $726,572.00. Following the transaction, the insider now owns 15,108 shares in the company, valued at approximately $1,480,584. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,491 shares of company stock worth $2,658,696. Company insiders own 1.80% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “2,117 Shares in PerkinElmer, Inc. (NYSE:PKI) Purchased by Cetera Advisors LLC” was reported by Sundance Herald and is the sole property of of Sundance Herald. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://sundanceherald.com/2019/06/14/cetera-advisors-llc-invests-205000-in-perkinelmer-inc-pki-stock.html.

PerkinElmer Company Profile

PerkinElmer, Inc provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. The company operates in two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment offers a suite of solutions, including reagents, informatics, and detection and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as laboratory services.

Read More: Swap

Institutional Ownership by Quarter for PerkinElmer (NYSE:PKI)

Receive News & Ratings for PerkinElmer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PerkinElmer and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply