Revvity, Inc. (NYSE:RVTY) Holdings Raised by Avior Wealth Management LLC

Avior Wealth Management LLC grew its position in Revvity, Inc. (NYSE:RVTY) by 7,980.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404 shares of the company’s stock after acquiring an additional 399 shares during the quarter. Avior Wealth Management LLC’s holdings in Revvity were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in Revvity during the 2nd quarter valued at approximately $25,000. Gladius Capital Management LP acquired a new position in Revvity during the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC boosted its position in Revvity by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 392 shares of the company’s stock worth $41,000 after acquiring an additional 167 shares during the period. Fairfield Financial Advisors LTD acquired a new position in Revvity during the 2nd quarter worth $43,000. Finally, Family Firm Inc. acquired a new position in Revvity during the 2nd quarter worth $43,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

RVTY has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Revvity in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $130.00 price target for the company. Citigroup boosted their price target on Revvity from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein reduced their price target on Revvity from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Raymond James boosted their price target on Revvity from $144.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird upped their price objective on Revvity from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.07.

Insider Activity at Revvity

In related news, insider Tajinder S. Vohra sold 2,154 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $121.73, for a total transaction of $262,206.42. Following the transaction, the insider now directly owns 19,652 shares of the company’s stock, valued at approximately $2,392,237.96. The trade was a 9.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Revvity Stock Up 0.8 %

Shares of Revvity stock opened at $112.03 on Monday. The stock’s fifty day moving average is $120.53 and its 200-day moving average is $115.74. The firm has a market capitalization of $13.63 billion, a PE ratio of 54.12, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The company has a quick ratio of 2.97, a current ratio of 3.56 and a debt-to-equity ratio of 0.40. Revvity, Inc. has a 12-month low of $86.30 and a 12-month high of $129.50.

Revvity (NYSE:RVTY) last announced its earnings results on Monday, November 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.15. The company had revenue of $684.10 million for the quarter, compared to analyst estimates of $679.66 million. Revvity had a return on equity of 7.42% and a net margin of 9.34%. Revvity’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Equities analysts anticipate that Revvity, Inc. will post 4.85 earnings per share for the current year.

Revvity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, January 17th. Revvity’s payout ratio is 13.53%.

Revvity declared that its board has authorized a stock repurchase plan on Monday, November 4th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Revvity Profile

Revvity, Inc provides health sciences solutions, technologies, and services in the Americas, Europe, and Asia, and internationally. The Life Sciences segment provides instruments, reagents, informatics, software, subscriptions, detection, imaging technologies, warranties, training, and services. Its Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.