Choate Investment Advisors grew its stake in shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX – Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,091 shares of the company’s stock after acquiring an additional 39 shares during the period. Choate Investment Advisors’ holdings in IDEXX Laboratories were worth $865,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in IDXX. FSA Wealth Management LLC acquired a new stake in IDEXX Laboratories in the 3rd quarter worth about $25,000. Rialto Wealth Management LLC bought a new position in shares of IDEXX Laboratories during the fourth quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of IDEXX Laboratories in the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of IDEXX Laboratories in the fourth quarter valued at approximately $38,000. Finally, Crews Bank & Trust acquired a new stake in IDEXX Laboratories during the fourth quarter worth approximately $41,000. Institutional investors own 87.84% of the company’s stock.
IDEXX Laboratories Price Performance
IDXX stock opened at $415.30 on Monday. The company has a market capitalization of $33.78 billion, a P/E ratio of 38.92, a PEG ratio of 3.41 and a beta of 1.39. The company has a fifty day moving average price of $438.03 and a 200-day moving average price of $446.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.31. IDEXX Laboratories, Inc. has a 52-week low of $398.50 and a 52-week high of $548.88.
Analysts Set New Price Targets
Check Out Our Latest Analysis on IDXX
Insider Buying and Selling
In other news, Director M Anne Szostak sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $465.94, for a total value of $1,397,820.00. Following the transaction, the director now owns 3,061 shares in the company, valued at approximately $1,426,242.34. The trade was a 49.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George Fennell sold 9,986 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $462.53, for a total transaction of $4,618,824.58. Following the sale, the executive vice president now owns 8,176 shares of the company’s stock, valued at approximately $3,781,645.28. This trade represents a 54.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.18% of the stock is owned by corporate insiders.
IDEXX Laboratories Profile
IDEXX Laboratories, Inc develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets in Africa, the Asia Pacific, Canada, Europe, Latin America, and internationally. The company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy.
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