Dimensional Fund Advisors LP cut its holdings in Integer Holdings Co. (NYSE:ITGR – Free Report) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,109,890 shares of the medical equipment provider’s stock after selling 37,026 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Integer worth $186,958,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ITGR. Credit Suisse AG raised its position in Integer by 8.9% in the first quarter. Credit Suisse AG now owns 40,989 shares of the medical equipment provider’s stock valued at $3,177,000 after purchasing an additional 3,342 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Integer by 13.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,500 shares of the medical equipment provider’s stock valued at $1,551,000 after purchasing an additional 2,100 shares during the last quarter. SG Capital Management LLC bought a new position in Integer in the first quarter valued at about $5,426,000. Keybank National Association OH raised its position in Integer by 3.8% in the second quarter. Keybank National Association OH now owns 6,487 shares of the medical equipment provider’s stock valued at $575,000 after purchasing an additional 235 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in Integer by 33.4% in the first quarter. Texas Permanent School Fund Corp now owns 29,712 shares of the medical equipment provider’s stock valued at $2,303,000 after purchasing an additional 7,438 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. StockNews.com assumed coverage on Integer in a research report on Thursday, October 5th. They issued a “hold” rating for the company. KeyCorp raised their price objective on Integer from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Benchmark raised their price objective on Integer from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. TheStreet upgraded Integer from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Wells Fargo & Company raised their price objective on Integer from $87.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.83.
Integer Trading Down 0.0 %
Shares of ITGR stock opened at $88.97 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of 36.31, a PEG ratio of 1.22 and a beta of 1.10. The stock has a 50 day simple moving average of $80.20 and a two-hundred day simple moving average of $83.08. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.86 and a current ratio of 3.00. Integer Holdings Co. has a fifty-two week low of $61.85 and a fifty-two week high of $96.17.
Integer (NYSE:ITGR – Get Free Report) last issued its earnings results on Thursday, October 26th. The medical equipment provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.22. The business had revenue of $404.69 million during the quarter, compared to the consensus estimate of $376.70 million. Integer had a return on equity of 10.27% and a net margin of 5.30%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Research analysts forecast that Integer Holdings Co. will post 4.59 earnings per share for the current year.
Insider Buying and Selling at Integer
In other Integer news, Director Donald J. Spence sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $82.32, for a total value of $535,080.00. Following the completion of the sale, the director now owns 18,781 shares of the company’s stock, valued at $1,546,051.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.84% of the company’s stock.
Integer Company Profile
Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures.
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