Pacer Advisors Inc. Purchases 3,192 Shares of Revvity, Inc. (NYSE:RVTY)

Pacer Advisors Inc. boosted its position in shares of Revvity, Inc. (NYSE:RVTY) by 37.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,720 shares of the company’s stock after acquiring an additional 3,192 shares during the quarter. Pacer Advisors Inc.’s holdings in Revvity were worth $1,229,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in shares of Revvity in the second quarter valued at about $25,000. Logan Capital Management Inc. bought a new position in shares of Revvity in the fourth quarter valued at about $37,000. Fairfield Financial Advisors LTD bought a new position in shares of Revvity in the second quarter valued at about $43,000. Family Firm Inc. acquired a new position in shares of Revvity in the second quarter valued at about $43,000. Finally, Parallel Advisors LLC acquired a new position in shares of Revvity in the fourth quarter valued at about $47,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RVTY. Leerink Partnrs upgraded shares of Revvity to a “strong-buy” rating in a research note on Monday, July 8th. Jefferies Financial Group upped their price target on shares of Revvity from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Leerink Partners began coverage on shares of Revvity in a research note on Monday, July 8th. They issued an “outperform” rating and a $125.00 price target on the stock. TD Cowen upped their price target on shares of Revvity from $130.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company began coverage on shares of Revvity in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $130.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Revvity presently has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Insider Activity

In related news, insider Joel S. Goldberg sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $117.86, for a total value of $412,510.00. Following the completion of the transaction, the insider now owns 33,400 shares in the company, valued at approximately $3,936,524. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Revvity Trading Down 0.2 %

RVTY opened at $126.06 on Friday. The company’s 50 day moving average is $120.08 and its 200-day moving average is $111.01. Revvity, Inc. has a 1-year low of $79.50 and a 1-year high of $128.15. The company has a current ratio of 2.27, a quick ratio of 1.98 and a debt-to-equity ratio of 0.40. The company has a market cap of $15.55 billion, a P/E ratio of 104.18, a PEG ratio of 2.90 and a beta of 1.05.

Revvity (NYSE:RVTY) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Revvity had a net margin of 6.26% and a return on equity of 7.34%. The company had revenue of $691.70 million for the quarter, compared to the consensus estimate of $690.33 million. During the same period last year, the company posted $1.21 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts predict that Revvity, Inc. will post 4.75 earnings per share for the current fiscal year.

Revvity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 18th will be paid a $0.07 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.22%. Revvity’s payout ratio is currently 23.14%.

About Revvity

Revvity, Inc provides health sciences solutions, technologies, and services in the Americas, Europe, and Asia, and internationally. The Life Sciences segment provides instruments, reagents, informatics, software, subscriptions, detection, imaging technologies, warranties, training, and services. Its Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.