APG Asset Management N.V. Buys 319 Shares of Revvity, Inc. (NYSE:RVTY)

APG Asset Management N.V. lifted its holdings in Revvity, Inc. (NYSE:RVTY) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,587 shares of the company’s stock after purchasing an additional 319 shares during the period. APG Asset Management N.V. owned 0.11% of Revvity worth $13,070,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UniSuper Management Pty Ltd boosted its position in shares of Revvity by 505.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 9,864 shares of the company’s stock valued at $1,036,000 after acquiring an additional 8,234 shares in the last quarter. Entropy Technologies LP acquired a new stake in Revvity during the 1st quarter worth $480,000. Jane Street Group LLC lifted its stake in shares of Revvity by 516.4% in the 1st quarter. Jane Street Group LLC now owns 453,343 shares of the company’s stock valued at $47,601,000 after purchasing an additional 379,802 shares during the period. CIBC Asset Management Inc bought a new position in Revvity during the fourth quarter worth about $1,869,000. Finally, Quadrature Capital Ltd bought a new position in shares of Revvity during the first quarter worth $1,267,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RVTY. Leerink Partnrs upgraded Revvity to a “strong-buy” rating in a report on Monday, July 8th. Jefferies Financial Group boosted their price target on Revvity from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. TD Cowen raised their target price on shares of Revvity from $130.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company started coverage on shares of Revvity in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $130.00 price objective for the company. Finally, Citigroup increased their target price on Revvity from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.53.

Insider Buying and Selling

In other news, insider Joel S. Goldberg sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $117.86, for a total value of $412,510.00. Following the completion of the sale, the insider now directly owns 33,400 shares of the company’s stock, valued at approximately $3,936,524. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Revvity Trading Down 0.2 %

Shares of NYSE:RVTY opened at $126.06 on Friday. 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 stock has a 50 day moving average of $120.44 and a 200 day moving average of $111.13. The company has a market cap of $15.55 billion, a PE ratio of 104.18, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. Revvity, Inc. has a 12-month low of $79.50 and a 12-month high of $128.15.

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

Revvity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 18th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, October 18th. Revvity’s dividend payout ratio is 23.14%.

Revvity Profile

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.