888 Shares in IDEXX Laboratories, Inc. (NASDAQ:IDXX) Bought by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new position in IDEXX Laboratories, Inc. (NASDAQ:IDXXGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 888 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IDXX. Renaissance Technologies LLC bought a new stake in IDEXX Laboratories during the fourth quarter worth about $4,807,000. Schroder Investment Management Group lifted its position in shares of IDEXX Laboratories by 9.2% during the fourth quarter. Schroder Investment Management Group now owns 160,377 shares of the company’s stock worth $105,602,000 after purchasing an additional 13,473 shares in the last quarter. Siemens Fonds Invest GmbH lifted its position in shares of IDEXX Laboratories by 26.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,319 shares of the company’s stock worth $2,856,000 after purchasing an additional 916 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of IDEXX Laboratories by 0.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 96,951 shares of the company’s stock worth $63,838,000 after purchasing an additional 422 shares in the last quarter. Finally, Alerus Financial NA lifted its position in shares of IDEXX Laboratories by 390.2% during the fourth quarter. Alerus Financial NA now owns 2,294 shares of the company’s stock worth $1,510,000 after purchasing an additional 1,826 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

IDEXX Laboratories Trading Down 0.8 %

IDXX opened at $339.67 on Tuesday. The firm’s fifty day moving average is $373.36 and its two-hundred day moving average is $412.13. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market cap of $28.28 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 4.57 and a beta of 1.16. IDEXX Laboratories, Inc. has a twelve month low of $318.50 and a twelve month high of $689.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays reduced their target price on shares of IDEXX Laboratories from $700.00 to $582.00 and set an “overweight” rating on the stock in a research report on Friday, August 5th. StockNews.com upgraded shares of IDEXX Laboratories from a “hold” rating to a “buy” rating in a research report on Monday, September 5th. The Goldman Sachs Group upgraded shares of IDEXX Laboratories from a “neutral” rating to a “buy” rating and cut their price objective for the company from $530.00 to $435.00 in a report on Thursday, July 21st. Piper Sandler cut their price objective on shares of IDEXX Laboratories from $500.00 to $420.00 in a report on Monday, August 8th. Finally, Stifel Nicolaus lowered shares of IDEXX Laboratories from a “buy” rating to a “hold” rating and set a $415.00 price objective on the stock. in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, IDEXX Laboratories has an average rating of “Moderate Buy” and a consensus price target of $483.57.

IDEXX Laboratories Company Profile

(Get Rating)

IDEXX Laboratories, Inc develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide. The company operates through CAG; Water Quality Products; LPD; and Other segments. It provides point-of-care veterinary diagnostic products, including instruments, consumables, and rapid assay test kits; veterinary reference laboratory diagnostic and consulting services; practice management and diagnostic imaging systems and services for veterinarians; and health monitoring, biological materials testing, and laboratory animal diagnostic instruments and services for biomedical research community.

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Institutional Ownership by Quarter for IDEXX Laboratories (NASDAQ:IDXX)

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