Laboratory Corporation of America (LH)

1957285 Ontario Inc. • 2089729 Ontario, Inc. • 2248848 Ontario Inc. • 3065619 Nova Scotia Company • 3257959 Nova Scotia Company • 896988 Ontario Limited • 9279-3280 Quebec Inc. • Accupath Diagnostic Laboratories, Inc. • Beacon Laboratory Benefit Solutions, Inc. • BeaconLBS IPA, Inc. ...

IRS number

133757370

LH stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$259.83

Low target

$240.00

High target

$289.00

Evercore ISI Group

Maintains

In-Line

$240.00

24 Sep 24

Latest filings (excl ownership)

View all

8-K

Labcorp CFO Glenn Eisenberg Announces Plans to Retire

Labcorp Announces 2024 Third Quarter Results

24 Oct 24

8-K

Labcorp Declares Quarterly Dividend

10 Oct 24

8-K

Regulation FD Disclosure

24 Sep 24

8-K

Entry into a Material Definitive Agreement

Prospectus supplement for primary offering

18 Sep 24

FWP

Free writing prospectus

16 Sep 24

424B5

Prospectus supplement for primary offering

16 Sep 24

Transcripts

View all

Earnings call transcript

2024 Q3

24 Oct 24

Earnings call transcript

2024 Q2

1 Aug 24

Earnings call transcript

2024 Q1

25 Apr 24

Earnings call transcript

2023 Q4

15 Feb 24

Earnings call transcript

2023 Q3

26 Oct 23

Earnings call transcript

2023 Q2

27 Jul 23

Earnings call transcript

2023 Q2

27 Jul 23

Earnings call transcript

2023 Q1

25 Apr 23

Earnings call transcript

2022 Q4

16 Feb 23

Earnings call transcript

2022 Q3

27 Oct 22

Latest ownership filings

View all

Dwight Gary Gilliland

Notice of proposed sale of securities

2 Dec 24

Amy B. Summy

26 Nov 24

der Vaart Sandra D van

25 Nov 24

144

Notice of proposed sale of securities

22 Nov 24

144

Notice of proposed sale of securities

21 Nov 24

Adam H Schechter

13 Nov 24

Financial summary

Financial statements Chart LH financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.52 bn	1.52 bn	1.52 bn	1.52 bn		1.52 bn
Cash burn (monthly)	(no burn)	34.44 mm	(no burn)	(no burn)		(no burn)
Cash used (since last report)	n/a	96.12 mm	n/a	n/a		n/a
Cash remaining	n/a	1.42 bn	n/a	n/a		n/a
Runway (months of cash)	n/a	41.3	n/a	n/a		n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

LH institutional ownership history Ownership history

87.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	884	799	+10.6%
Opened positions	157	799	-80.4%
Closed positions	72	0	NEW
Increased positions	292	0	NEW
Reduced positions	290	0	NEW

13F shares	Current	Prev Q	Change
Total value	15.62 tn	14.66 tn	+6.6%
Total shares	74.43 mm	76.43 mm	-2.6%
Total puts	234.50 k	122.90 k	+90.8%
Total calls	164.00 k	272.10 k	-39.7%
Total put/call ratio	1.4	0.5	+216.6%

Largest owners	Shares	Value	Change
Vanguard	9.64 mm	$2.15 tn	+0.3%
BLK BlackRock	9.15 mm	$2.05 tn	NEW
STT State Street	3.73 mm	$832.83 bn	+0.7%
Diamond Hill Capital Management	1.98 mm	$442.20 bn	+1.5%
Geode Capital Management	1.96 mm	$437.56 bn	+0.7%
JPM JPMorgan Chase & Co.	1.91 mm	$426.60 bn	+9.0%
Allspring Global Investments	1.87 mm	$416.89 bn	+16.4%
BK The Bank of New York Mellon Corporation	1.78 mm	$398.03 bn	+10.6%
FMR	1.59 mm	$354.53 bn	+17.0%
MS Morgan Stanley	1.37 mm	$305.83 bn	+4.4%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-9.49 mm	EXIT
BLK BlackRock	9.15 mm	+9.15 mm	NEW
Wellington Management	326.98 k	-1.90 mm	-85.3%
Norges Bank	0.00	-1.03 mm	EXIT
Mondrian Investment Partners	0.00	-561.76 k	EXIT
Southpoint Capital Advisors	0.00	-500.00 k	EXIT
GS The Goldman Sachs Group, Inc.	355.53 k	+355.53 k	NEW
Select Equity	635.98 k	+272.71 k	+75.1%
Allspring Global Investments	1.87 mm	+263.11 k	+16.4%
FMR	1.59 mm	+230.71 k	+17.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Dec 24	Dwight Gary Gilliland	Common Stock	Sell	Dispose S	No	No	241	1,000	241.00 k	7,712
2 Dec 24	Eisenberg Glenn A	Common Stock	Sell	Dispose S	No	No	240.4279	11,711	2.82 mm	31,289
2 Dec 24	Eisenberg Glenn A	Common Stock	Option exercise	Acquire M	No	No	221.67	2,788	618.02 k	43,000
2 Dec 24	Eisenberg Glenn A	Common Stock	Option exercise	Acquire M	No	No	209.25	8,923	1.87 mm	40,212
2 Dec 24	Eisenberg Glenn A	NQSO Common Stock	Option exercise	Dispose M	No	No	221.67	2,788	618.02 k	5,577
2 Dec 24	Eisenberg Glenn A	NQSO Common Stock	Option exercise	Dispose M	No	No	209.25	8,923	1.87 mm	0
2 Dec 24	Julia Aijun Wang	RSU Common Stock	Grant	Acquire A	No	No	0	2,680	0.00	2,680
2 Dec 24	Julia Aijun Wang	NQSO Common Stock	Grant	Acquire A	No	No	240.63	8,100	1.95 mm	8,100
22 Nov 24	Amy B. Summy	Common Stock	Sell	Dispose S	No	No	238.9055	3,671.5	877.14 k	4,318.5
22 Nov 24	Amy B. Summy	Common Stock	Option exercise	Acquire M	No	No	168.52	4,015	676.61 k	7,990