The Czech National Bank and financial institutions including PNC Financial Services Group Inc., Vanguard Group Inc., Franklin Resources Inc., Fisher Asset Management LLC, have either increased their stock holdings or purchased new stakes in Revvity Inc. On the earnings front, the company outperformed expectations both in terms of Q1 and Q4 results. Also, the adjusted EPS beat the estimates; though the revenue declined, the overall margin remained strong. The company's management also declared a quarterly dividend, which is a positive sign for investors. However, there are some concerns about the company's high debt utilization. Moreover, the company's shareholders have seen a value loss of approximately 25% over the last three years. The company's shares have also experienced large growth in short interest. The insider activity has seen some selling with Joel S. Goldberg selling 4000 shares. Notably, Revvity is now majorly owned by institutional investors owning 80% of the company. Also, the company's reorganization appears to be taking shape, but there are concerns about the fundamentals given the stock's recent weakness.
Revvity RVTY News Analytics from Tue, 09 May 2023 07:00:00 GMT to Sun, 23 Jun 2024 11:48:17 GMT - Rating 4 - Innovation 1 - Information 6 - Rumor -2
