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Quest Diagnostics Incorporated (DGX) Holdings Raised by Polaris Capital Management LLC
13 October 2017, 11:33 | Hattie Nash
Insiders have sold a total of 161,996 shares of company stock valued at $17,517,207 over the last 90 days. The institutional investor held 93,587 shares of the medical specialities company at the end of 2017Q2, valued at $10.40M, down from 97,932 at the end of the previous reported quarter. The company has market cap of $441.75 million.
Equities researchers at Wells Fargo & Company initiated coverage on shares of Quest Diagnostics Incorporated (NYSE:DGX) in a research note issued to investors on Thursday. It has outperformed by 22.34% the S&P500. Barclays Pcl has invested 0% of its portfolio in Netlist, Inc. Capital World Investors sold 11.51 million shares as the company's stock declined 2.46% while stock markets rallied. BlackRock Inc. now owns 15,362,418 shares of the medical research company's stock worth $1,508,435,000 after purchasing an additional 14,801,397 shares during the last quarter. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. The stock rose 0.86% or $0.78 reaching $91.63.
A total of 16 equity analysts have released a ratings update on DGX. Therefore 37% are positive. Evercore ISI reiterated an "in-line" rating and set a $104.50 price objective on shares of Quest Diagnostics in a report on Wednesday, June 28th. The company was maintained on Tuesday, September 12 by Jefferies. Canaccord Genuity maintained Quest Diagnostics Inc (NYSE:DGX) on Tuesday, July 25 with "Buy" rating. Mizuho has "Neutral" rating and $88 target. Mizuho has "Neutral" rating and $68 target. On Thursday, July 13 the stock rating was maintained by Credit Suisse with "Hold". Vanguard Group Inc. now owns 14,029,322 shares of the medical research company's stock worth $1,559,500,000 after purchasing an additional 525,200 shares during the last quarter. The stock has "Neutral" rating by Citigroup on Friday, September 9. On average, analysts expect that Quest Diagnostics will post $5.66 earnings per share for the current fiscal year. The medical research company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.18 by $0.15. Its down 0.05, from 1.04 in 2017Q1. It turned negative, as 38 investors sold Quest Diagnostics Inc shares while 200 reduced holdings. 78 funds opened positions while 158 raised stakes. State Street Corp lifted its stake in shares of Quest Diagnostics by 2.7% during the 1st quarter. United Kingdom-based Veritas Llp has invested 0.02% in Quest Diagnostics Inc (NYSE:DGX). Cookson Peirce And has invested 1.08% of its portfolio in Quest Diagnostics Inc (NYSE:DGX). Godshalk Welsh Cap Mgmt owns 0.58% invested in Quest Diagnostics Inc (NYSE:DGX) for 5,300 shares. Thrivent For Lutherans holds 0.07% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 307,046 shares. Brinker Capital Inc sold 13,151 shares as Quest Diagnostics (DGX)'s stock rose 10.72%. Moreover, Gulf Bank (Uk) Ltd has 0.07% invested in Quest Diagnostics Inc (NYSE:DGX). Exane Derivatives accumulated 16 shares. 109,953 are owned by Bnp Paribas Asset Holdg Sa. Moreover, Mackay Shields Llc has 0.08% invested in the company for 132,807 shares. Quest Diagnostics Inc (NYSE:DGX) has risen 39.04% since October 12, 2016 and is uptrending. Geode Capital Management Limited Liability Company has invested 0% in Netlist, Inc. RBC Capital Markets maintained the shares of DGX in report on Friday, October 23 with "Sector Perform" rating. The Pinnacle Associates Ltd holds 808,459 shares with $45.07M value, down from 848,079 last quarter. A ratio over one indicates an increase in share price over the period.
Denali Advisors Llc increased Quest Diagnostics Inc (DGX) stake by 20.89% reported in 2017Q2 SEC filing. Cyrusone Inc had 42 analyst reports since August 6, 2015 according to SRatingsIntel. (NYSE:MRK), 15 have Buy rating, 1 Sell and 4 Hold. Therefore 83% are positive. The stock of Netlist, Inc. The firm has "Buy" rating given on Monday, June 26 by Raymond James. The firm has "Buy" rating by UBS given on Friday, August 19. This key information was revealed to clients and investors in a report on Thursday, 12 October. The firm has "Buy" rating by SunTrust given on Friday, July 28. The ex-dividend date is Thursday, July 6th. Blair William & Il invested in 0% or 3,826 shares. First American Trust FSB grew its holdings in shares of Quest Diagnostics by 0.3% during the second quarter.
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Adjusted pre-tax income for the September 2017 quarter was $1.7 billion, a $182 million decrease from the September 2016 quarter. Following the sale, the executive vice president now owns 77,223 shares in the company, valued at approximately $4,170,042.
Investors sentiment increased to 1.07 in 2017 Q2. Its down 1.33, from 1.83 in 2017Q1. 19 funds opened positions while 49 raised stakes. Guggenheim Ltd Liability Co accumulated 576,798 shares. Crawford Counsel reported 4,925 shares. Buffington Mohr Mcneal holds 1,967 shares or 0.09% of its portfolio. Valley Natl Advisers Inc, Pennsylvania-based fund reported 10,156 shares. Westwood Grp holds 0.01% or 24,030 shares. Stewart And Patten Co Ltd Liability Co stated it has 7,768 shares or 0.09% of all its holdings. 1,801 were reported by Stratos Wealth Ptnrs Limited. Srs Ltd Com has 8.50 million shares.
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