Principal Financial Group Inc. Sells 4,623 Shares of Integer Holdings Co. (NYSE:ITGR)

Principal Financial Group Inc. lowered its stake in shares of Integer Holdings Co. (NYSE:ITGR – Get Rating) by 2.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 206,992 shares of the medical equipment provider’s stock after selling 4,623 shares during the period. Principal Financial Group Inc.’s holdings in Integer were worth $14,171,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Integer by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 389,758 shares of the medical equipment provider’s stock worth $24,254,000 after purchasing an additional 1,143 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Integer in the third quarter worth about $1,987,000. Uncommon Cents Investing LLC purchased a new stake in shares of Integer in the fourth quarter worth about $203,000. FourThought Financial Partners LLC purchased a new stake in shares of Integer in the fourth quarter worth about $628,000. Finally, Congress Asset Management Co. MA lifted its holdings in shares of Integer by 22.5% in the third quarter. Congress Asset Management Co. MA now owns 233,572 shares of the medical equipment provider’s stock worth $14,535,000 after buying an additional 42,923 shares in the last quarter. Institutional investors own 98.42% of the company’s stock.

Integer Stock Up 0.2 %

Shares of Integer stock opened at $80.12 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.79 and a current ratio of 2.79. Integer Holdings Co. has a 52-week low of $50.05 and a 52-week high of $86.18. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 1.67 and a beta of 1.14. The company’s 50 day moving average price is $78.93 and its 200-day moving average price is $74.11.

Integer (NYSE:ITGR – Get Rating) last issued its earnings results on Thursday, April 27th. The medical equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Integer had a net margin of 4.71% and a return on equity of 9.54%. The firm had revenue of $378.79 million for the quarter, compared to analysts’ expectations of $352.43 million. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. Equities research analysts forecast that Integer Holdings Co. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ITGR. Piper Sandler began coverage on shares of Integer in a report on Friday, February 24th. They issued an “overweight” rating and a $85.00 price target on the stock. Citigroup initiated coverage on shares of Integer in a research note on Thursday, May 11th. They issued a “neutral” rating and a $88.00 target price on the stock. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Integer in a research note on Friday, April 28th. StockNews.com initiated coverage on shares of Integer in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, KeyCorp raised their target price on shares of Integer from $86.00 to $96.00 in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Integer has an average rating of “Hold” and an average price target of $89.00.

About Integer

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Integer Holdings Corp. engages in the manufacture and development of medical devices and components. It operates through the Medical and Non-Medical segments. The Medical segment includes the cardio and vascular, cardiac and neuromodulation, surgical, orthopedics, and portable medical product lines. The Non-Medical segment comprises customized battery power and management systems, charging and docking stations, and power supplies.