Bio-Rad Laboratories, Inc. (NYSE:BIO) EVP Michael Crowley Sells 700 Shares
Bio-Rad Laboratories, Inc. (NYSE:BIO) EVP Michael Crowley sold 700 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $215.91, for a total transaction of $151,137.00. Following the sale, the executive vice president now owns 2,060 shares in the company, valued at $444,774.60. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Bio-Rad Laboratories, Inc. (BIO) traded up 0.41% during trading on Friday, reaching $215.89. 232,899 shares of the company traded hands. The stock has a market capitalization of $6.40 billion, a PE ratio of 426.66 and a beta of 0.91. The firm has a 50 day moving average of $229.16 and a 200 day moving average of $212.40. Bio-Rad Laboratories, Inc. has a 52 week low of $147.68 and a 52 week high of $242.79.
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A number of institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can increased its position in shares of Bio-Rad Laboratories by 3.9% in the first quarter. Great West Life Assurance Co. Can now owns 12,380 shares of the medical research company’s stock worth $2,467,000 after buying an additional 469 shares during the period. Advisory Services Network LLC purchased a new position in shares of Bio-Rad Laboratories during the first quarter worth approximately $115,000. Oregon Public Employees Retirement Fund increased its position in shares of Bio-Rad Laboratories by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,225 shares of the medical research company’s stock worth $1,440,000 after buying an additional 100 shares during the period. Dowling & Yahnke LLC purchased a new position in shares of Bio-Rad Laboratories during the first quarter worth approximately $201,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of Bio-Rad Laboratories during the first quarter worth approximately $318,000. 63.73% of the stock is currently owned by institutional investors.
BIO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and set a $244.00 price target on the stock in a report on Monday, May 1st. Deutsche Bank AG upgraded shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and cut their price target for the company from $220.00 to $195.00 in a report on Wednesday, June 28th. BidaskClub upgraded shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $250.00 price target on shares of Bio-Rad Laboratories in a report on Thursday, April 27th. Finally, Wells Fargo & Company initiated coverage on shares of Bio-Rad Laboratories in a report on Thursday, July 13th. They set an “outperform” rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Bio-Rad Laboratories currently has a consensus rating of “Buy” and an average target price of $228.80.
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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