IDEXX Laboratories, Inc. (IDXX) Position Reduced by Royce & Associates LP

Elias Hubbard
December 17, 2017

Howland Capital Management Llc sold 8,785 shares as Idexx Labs Inc (IDXX)'s stock rose 13.64%. Koch Industries Inc. now owns 1,399,248 shares of the company's stock worth $1,391,000 after purchasing an additional 1,396,113 shares during the last quarter. 1,050,000 shares of the stock traded hands, compared to its average volume of 585,990.

IDEXX Laboratories (NASDAQ:IDXX) last issued its quarterly earnings results on Tuesday, October 31st. It has outperformed by 66.60% the S&P500.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. (GGG) by 15.88% based on its latest 2017Q2 regulatory filing with the SEC. The fund bought 2,650 shares of the company's stock, valued at approximately $412,000. Lonestar Capital Management Llc who had been investing in Cosan Ltd for a number of months, seems to be less bullish one the $2.52 billion market cap company. The stock increased 6.56% or $1 during the last trading session, reaching $16.25. About 358,373 shares traded. Macy's, Inc. (NYSE:M) has declined 25.46% since December 17, 2016 and is downtrending.

Investors sentiment increased to 1.25 in Q2 2017. Its up 0.18, from 0.73 in 2017Q1. It turned negative, as 23 investors sold GTN shares while 45 reduced holdings. 41 funds opened positions while 86 raised stakes. 139,660 are owned by Goldman Sachs Gru. BlackRock Inc. now owns 7,100,374 shares of the company's stock worth $1,146,142,000 after purchasing an additional 673,347 shares during the last quarter. (NYSE:GTN) for 847,621 shares. Shine Investment Advisory Ser reported 0.01% stake. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. Eulav Asset Management accumulated 237,400 shares. Teton Advsrs Inc stated it has 255,500 shares. Brown Brothers Harriman & has invested 0.08% in EOG Resources, Inc. (NYSE:GTN). Cubist Systematic Strategies Limited Liability Company has 0.02% invested in Gray Television, Inc. Cibc Asset Mngmt Inc holds 0.05% of its portfolio in NIKE, Inc. Trust Department Mb Commercial Bank N A, a Illinois-based fund reported 4,000 shares. Oppenheimer Asset reported 7,883 shares. Fjarde Ap holds 0.07% or 20,986 shares in its portfolio. It also increased its holding in Verisk Analytics Inc (NASDAQ:VRSK) by 197,213 shares in the quarter, for a total of 815,146 shares, and has risen its stake in Belmond Ltd (NYSE:BEL).

Among 5 analysts covering Gray Television (NYSE:GTN), 5 have Buy rating, 0 Sell and 0 Hold. BlackRock Inc. increased its holdings in IDEXX Laboratories by 10.5% during the second quarter. Bank of America upgraded shares of IDEXX Laboratories from a "neutral" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Wednesday, August 23rd. The stock of EOG Resources, Inc. On Thursday, September 29 the stock rating was reinitiated by Bank of America with "Neutral". On Thursday, July 23 the stock rating was maintained by Canaccord Genuity with "Buy". The company presently has an average rating of "Hold" and a consensus price target of $173.67. (NYSE:NKE) rating on Wednesday, September 28. Canaccord Genuity maintained the shares of IDXX in report on Tuesday, June 13 with "Buy" rating. IDEXX Laboratories's quarterly revenue was up 9.7% on a year-over-year basis. equities research analysts anticipate that IDEXX Laboratories, Inc. will post 3.24 earnings per share for the current year. Therefore 29% are positive.

According to Zacks, analysts expect that IDEXX Laboratories will report full year earnings of $3.24 per share for the current financial year, with EPS estimates ranging from $3.22 to $3.25. (NASDAQ:IDXX). Whittier Tru Company Of Nevada Inc has invested 0% in IDEXX Laboratories, Inc. Canaccord Genuity reiterated a "buy" rating and set a $180.00 price objective on shares of IDEXX Laboratories in a research report on Friday, October 6th. (NASDAQ:IDXX) earned "Outperform" rating by Credit Suisse on Thursday, February 4. (NASDAQ:IDXX) earned "Buy" rating by Stifel Nicolaus on Monday, October 23. Aegis reiterated a "sell" rating on shares of IDEXX Laboratories in a research report on Friday, December 8th.

In related news, CEO Jonathan W. Ayers sold 18,000 shares of the stock in a transaction that occurred on Friday, November 3rd. Stifel Nicolaus restated a "buy" rating and set a $185.00 target price on shares of IDEXX Laboratories in a research report on Tuesday, October 24th.

Bright Rock Capital Management Llc, which manages about $196.00M and $338.93M US Long portfolio, upped its stake in Chevron Corporation (NYSE:CVX) by 50,000 shares to 84,000 shares, valued at $8.76 million in 2017Q2, according to the filing.

Paloma Prns Management has invested 0.04% in IDEXX Laboratories, Inc. Feltl & Co downgraded the shares of IDXX in report on Friday, February 3 to "Sell" rating. IDEXX Laboratories reported earnings per share of $0.58 during the same quarter last year, which indicates a positive year over year growth rate of 25.9%. IDXX's profit will be $63.67 million for 53.63 P/E if the $0.73 EPS becomes a reality. BB&T Investment Services Inc. acquired a new position in shares of IDEXX Laboratories during the second quarter valued at about $104,000.

Investors sentiment decreased to 0.82 in Q2 2017. Its up 0.25, from 0.94 in 2017Q1. Janus Henderson Group PLC raised its stake in shares of IDEXX Laboratories by 486.4% in the second quarter. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX). State Board Of Administration Of Florida Retirement reported 139,551 shares. Etrade Mngmt Limited Liability Company invested in 3,788 shares. Bridgecreek Investment Mgmt Limited Liability Co owns 60,140 shares for 2.59% of their portfolio. Markel reported 4.91 million shares. Davenport And Company Lc holds 0% or 2.23M shares in its portfolio. Ontario - Canada-based Ontario Teachers Pension Plan Board has invested 0.03% in IDEXX Laboratories, Inc. (NASDAQ:IDXX) for 5,500 shares.

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