Free Trial

Beverly Hills Private Wealth LLC Invests $299,000 in Qiagen N.V. (NYSE:QGEN)

Qiagen logo with Medical background

Beverly Hills Private Wealth LLC acquired a new stake in Qiagen N.V. (NYSE:QGEN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,459 shares of the company's stock, valued at approximately $299,000.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Qiagen during the fourth quarter worth $202,000. Wells Fargo & Company MN increased its position in shares of Qiagen by 31.8% in the fourth quarter. Wells Fargo & Company MN now owns 66,779 shares of the company's stock worth $2,974,000 after acquiring an additional 16,106 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Qiagen by 93.9% during the first quarter. GAMMA Investing LLC now owns 2,943 shares of the company's stock valued at $118,000 after acquiring an additional 1,425 shares during the period. LPL Financial LLC raised its holdings in shares of Qiagen by 2.6% during the fourth quarter. LPL Financial LLC now owns 17,240 shares of the company's stock valued at $768,000 after acquiring an additional 432 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Qiagen by 66.3% in the 4th quarter. Ameriprise Financial Inc. now owns 63,026 shares of the company's stock valued at $2,807,000 after acquiring an additional 25,134 shares in the last quarter. Institutional investors own 70.00% of the company's stock.

Analysts Set New Price Targets

QGEN has been the topic of a number of research reports. Bank of America upped their target price on Qiagen from $50.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Barclays initiated coverage on shares of Qiagen in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $55.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Qiagen from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Qiagen from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, Redburn Atlantic lowered Qiagen from a "buy" rating to a "neutral" rating in a report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $49.40.

View Our Latest Report on Qiagen

Qiagen Stock Down 1.8%

QGEN opened at $47.49 on Tuesday. The firm has a market cap of $10.56 billion, a P/E ratio of 119.07, a price-to-earnings-growth ratio of 2.46 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.83 and a current ratio of 3.37. The business has a 50 day moving average price of $44.93 and a 200 day moving average price of $42.69. Qiagen N.V. has a twelve month low of $37.63 and a twelve month high of $49.30.

Qiagen (NYSE:QGEN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Qiagen had a net margin of 4.68% and a return on equity of 14.61%. The business had revenue of $483.46 million during the quarter, compared to analysts' expectations of $465.66 million. During the same period in the previous year, the company earned $0.44 earnings per share. Qiagen's revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts forecast that Qiagen N.V. will post 2.26 EPS for the current year.

Qiagen Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, July 3rd will be given a $0.25 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a yield of 0.52%. Qiagen's dividend payout ratio is 62.50%.

Qiagen Profile

(Free Report)

QIAGEN NV is a holding company, which engages in the provision of Sample to Insight solutions that enable customers to gain valuable molecular insights from samples containing the building blocks of life. The company sample technologies isolate and process DNA, RNA, and proteins from blood, tissue, and other materials.

Featured Articles

Want to see what other hedge funds are holding QGEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qiagen N.V. (NYSE:QGEN - Free Report).

Institutional Ownership by Quarter for Qiagen (NYSE:QGEN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Qiagen Right Now?

Before you consider Qiagen, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Qiagen wasn't on the list.

While Qiagen currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines