Columbia Wanger Asset Management Lowers stake in VWR Corp (VWR)

VWR Corp (VWR) : Columbia Wanger Asset Management reduced its stake in VWR Corp by 5.43% during the most recent quarter end. The investment management company now holds a total of 4,788,009 shares of VWR Corp which is valued at $141,485,666 after selling 275,138 shares in VWR Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.VWR Corp makes up approximately 1.54% of Columbia Wanger Asset Management’s portfolio.

Other Hedge Funds, Including , C M Bidwell Associates Ltd added VWR to its portfolio by purchasing 6,605 company shares during the most recent quarter which is valued at $195,178. VWR Corp makes up approx 0.05% of C M Bidwell Associates Ltd’s portfolio. Globeflex Capital L P added VWR to its portfolio by purchasing 51,935 company shares during the most recent quarter which is valued at $1,534,679. VWR Corp makes up approx 0.39% of Globeflex Capital L P’s portfolio.Eaton Vance Management reduced its stake in VWR by selling 87,561 shares or 18.71% in the most recent quarter. The Hedge Fund company now holds 380,477 shares of VWR which is valued at $11,254,510. VWR Corp makes up approx 0.03% of Eaton Vance Management’s portfolio.California Public Employees Retirement System boosted its stake in VWR in the latest quarter, The investment management firm added 9,900 additional shares and now holds a total of 122,500 shares of VWR Corp which is valued at $3,766,875. VWR Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Msi Financial Services Inc reduced its stake in VWR by selling 9 shares or 39.13% in the most recent quarter. The Hedge Fund company now holds 14 shares of VWR which is valued at $429.

VWR Corp opened for trading at $27.95 and hit $28.15 on the upside on Monday, eventually ending the session at $28.02, with a gain of 0.18% or 0.05 points. The heightened volatility saw the trading volume jump to 7,92,352 shares. Company has a market cap of $3,684 M.

On the company’s financial health, VWR Corp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $1150.00 million for the quarter, compared to analysts expectations of $1140.88 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on VWR Corp. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .

VWR Corporation (VWR) is a provider of laboratory products services and solutions to the life science general research and applied markets. The Company operates in two segments: North Central and South America (Americas) and Europe Middle East Africa and Asia Pacific (EMEA-APAC). It has a presence in Europe and North America with respect to the laboratory products market. It also has operations in Asia-Pacific and other markets to support its multinational customers across the globe. The Company offers a portfolio of and private label laboratory products and a range of services including custom manufacturing. The Company’s portfolio includes chemicals reagents consumables durable products and scientific equipment and instruments. The Company’s branded and private label product portfolio includes service offerings marketed under the VWRCATALYST brand including sourcing and procurement logistics chemical and equipment tracking and sample management.

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