Chesley Taft & Associates LLC Has $5.57 Million Stake in Express Scripts Holding (NASDAQ:ESRX)

Chesley Taft & Associates LLC cut its holdings in shares of Express Scripts Holding (NASDAQ:ESRX) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,615 shares of the company’s stock after selling 2,774 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Express Scripts were worth $5,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Burt Wealth Advisors raised its position in Express Scripts by 11.4% in the 2nd quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock valued at $108,000 after purchasing an additional 174 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Express Scripts during the 3rd quarter worth about $120,000. Monroe Bank & Trust MI raised its position in shares of Express Scripts by 74.8% during the 3rd quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock worth $156,000 after acquiring an additional 970 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. raised its position in shares of Express Scripts by 49.3% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 2,797 shares of the company’s stock worth $179,000 after acquiring an additional 924 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Express Scripts during the 3rd quarter worth about $193,000. Institutional investors and hedge funds own 88.21% of the company’s stock.

In related news, VP Glen D. Stettin sold 3,449 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $81.00, for a total value of $279,369.00. Following the completion of the transaction, the vice president now directly owns 33,715 shares in the company, valued at $2,730,915. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christine Houston sold 10,104 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $70.08, for a total value of $708,088.32. Following the completion of the transaction, the vice president now owns 87,400 shares of the company’s stock, valued at $6,124,992. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,644 shares of company stock valued at $1,289,609. Insiders own 0.68% of the company’s stock.

Shares of Express Scripts Holding (NASDAQ:ESRX) traded down $0.46 during mid-day trading on Wednesday, reaching $80.41. The company had a trading volume of 4,313,200 shares, compared to its average volume of 3,998,920. The firm has a market capitalization of $45,540.00, a PE ratio of 13.36, a PEG ratio of 0.90 and a beta of 0.87. Express Scripts Holding has a 52-week low of $55.80 and a 52-week high of $81.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73.

Express Scripts (NASDAQ:ESRX) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.90. Express Scripts had a return on equity of 25.46% and a net margin of 3.64%. The company had revenue of $24.68 billion during the quarter, compared to analysts’ expectations of $25.68 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. sell-side analysts anticipate that Express Scripts Holding will post 7.04 EPS for the current year.

Express Scripts announced that its board has initiated a share buyback plan on Monday, December 18th that permits the company to buyback 45,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

A number of research analysts recently issued reports on ESRX shares. SunTrust Banks set a $82.00 price target on Express Scripts and gave the stock a “buy” rating in a research note on Thursday, December 14th. Jefferies Group restated a “buy” rating on shares of Express Scripts in a research note on Thursday, October 26th. Zacks Investment Research upgraded Express Scripts from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Monday, October 16th. Royal Bank of Canada set a $68.00 target price on Express Scripts and gave the company a “hold” rating in a research note on Friday, December 15th. Finally, Evercore ISI started coverage on Express Scripts in a research note on Thursday, January 4th. They issued an “in-line” rating and a $78.00 target price on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Express Scripts has an average rating of “Hold” and an average target price of $77.09.

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Express Scripts Company Profile

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

Institutional Ownership by Quarter for Express Scripts (NASDAQ:ESRX)

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