Corsair Capital Management Lowers stake in VWR Corp (VWR)

VWR Corp (VWR) : Corsair Capital Management reduced its stake in VWR Corp by 14.34% during the most recent quarter end. The investment management company now holds a total of 546,811 shares of VWR Corp which is valued at $16,174,669 after selling 91,521 shares in VWR Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.VWR Corp makes up approximately 2.40% of Corsair Capital Management’s portfolio.

Other Hedge Funds, Including , Jennison Associates added VWR to its portfolio by purchasing 137,373 company shares during the most recent quarter which is valued at $4,224,220.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in VWR in the latest quarter, The investment management firm added 1,036 additional shares and now holds a total of 2,065 shares of VWR Corp which is valued at $63,499.Chicago Equity Partners reduced its stake in VWR by selling 85,150 shares or 86.37% in the most recent quarter. The Hedge Fund company now holds 13,440 shares of VWR which is valued at $420,941. VWR Corp makes up approx 0.01% of Chicago Equity Partners’s portfolio.

VWR Corp closed down -0.04 points or -0.14% at $29.51 with 9,32,776 shares getting traded on Monday. Post opening the session at $29.6, the shares hit an intraday low of $29.33 and an intraday high of $29.735 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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