Kestra Advisory Services Llc Increases Its Stake In Thermo Fisher Scientific Inc. By 57.8% In Q4 2020

Kestra Advisory Services LLC, a well-known investment advisory company, has increased its stake in Thermo Fisher Scientific Inc. by 57.8% in the fourth quarter of 2020. According to the most recent Securities and Exchange Commission (SEC) filing, Kestra holds 35,174 shares of Thermo Fisher Scientific stock, for which it paid $19,370,000.

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Thermo Fisher Scientific has been functioning admirably in recent months. The firm announced an EPS of $5.40 in Q4 2020, which was $0.21 more than analysts' consensus forecasts of $5.19. Furthermore, the company's revenue for the quarter was $11.45 billion, compared to analysts' projections of $10.41 billion. As a result, the company's quarterly sales increased by 7% year over year.

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Several major equities research analysts have produced reports on Thermo Fisher Scientific's stock in recent weeks, owing to the company's solid performance and favorable prognosis for future development. In a research report released on February 2nd, SVB Leerink raised their price target on shares of Thermo Fisher Scientific from $620 to $630 and assigned the stock a "outperform" rating.

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Similarly, in a research note issued on the same day, Cowen raised its target price on Thermo Fisher Scientific from $690 to $711 and assigned the company a "outperform" rating.

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Despite these favorable analyst ratings, one equities research analyst has assigned Thermo Fisher Scientific a sell rating this year, while three others have assigned it a hold rating.

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According to Trade Algo, based on these rating reports and other market data factors, Thermo Fisher Scientific is expected to be rated as a "Moderate Buy" by the majority of analysts, with an average target price of $640.45.

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Overall, it appears like Thermo Fisher Scientific is on the rise, with solid recent results and promising development prospects soon. It will be fascinating to observe how these elements play out in the next months when local/global economic policies change and other high-level unexpected developments, if any, occur that may affect its performance.

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Hedge funds and institutional investors are becoming interested in Thermo Fisher Scientific, a medical research firm. Toth Financial Advisory Corp has joined the bandwagon, raising its stake in the firm by 7,300% in the third quarter of last year. Pacifica Partners Inc increased its holding by 55.8%, while Western Pacific Wealth Management LP added a $43,000 stake. Over the same period, Baystate Wealth Management LLC increased its holdings, and EdgeRock Capital LLC added a new stake.

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Incredibly, institutional investors now hold 85.92% of Thermo Fisher Scientific shares.

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Thermo Fisher Scientific's market capitalization is now $228 billion, with a P/E ratio of 33.53 and a beta of 0.79. The stock has had highs and lows over the last year, hitting $611 in share price but beginning at $475 in May of last year. TMO stock has received reviews from equity analysts, with Bloomberg.com reporting a "Moderate Buy" recommendation overall, with nine purchasing ratings awarded to the stock.

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In other Thermo Fisher Scientific news, CEO Marc N Casper sold $11 million in shares early this year, after the sale of holdings in the business by several other executives earlier this month.

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The growing interest in these markets is indicated by an increase in institutional investment and hedge fund activity. The increase could be attributed to bullish predictions made by equity research analysts about the company's ability to continue growing in the face of strong financial results over the previous year, as well as favorable reviews from prestigious publications like Bloomberg Business News and other industry insiders who cover various news platforms internationally.

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Nonetheless, it is still clear that Thermo Fisher Scientific is a vital player in its sector, having seen considerable development recently through strategic acquisitions and other ways, and having attracted investor interest by rising investments from diverse sector participants.

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