Fmr LLC reduced its position in Integer Holdings Corp (NYSE:ITGR) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,130 shares of the medical equipment provider’s stock after selling 6,525 shares during the quarter. Fmr LLC owned approximately 1.34% of Integer worth $33,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of ITGR. Financial Gravity Companies Inc. purchased a new position in shares of Integer in the fourth quarter worth $49,000. PNC Financial Services Group Inc. lifted its holdings in shares of Integer by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the medical equipment provider’s stock worth $81,000 after buying an additional 145 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Integer during the fourth quarter valued at $107,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Integer by 23.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,047 shares of the medical equipment provider’s stock valued at $156,000 after purchasing an additional 395 shares in the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in Integer during the fourth quarter valued at $223,000. Institutional investors and hedge funds own 95.80% of the company’s stock.
ITGR stock opened at $70.89 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. Integer Holdings Corp has a twelve month low of $54.20 and a twelve month high of $92.61. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 18.66 and a beta of 0.98.
Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, February 21st. The medical equipment provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.12. Integer had a net margin of 12.88% and a return on equity of 12.56%. The business had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $301.25 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Integer Holdings Corp will post 4.2 EPS for the current fiscal year.
A number of research firms recently issued reports on ITGR. ValuEngine downgraded shares of Integer from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada upped their price target on shares of Integer from $84.00 to $92.00 and gave the company a “sector perform” rating in a research note on Monday, February 25th. Finally, Zacks Investment Research downgraded shares of Integer from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Integer has an average rating of “Buy” and an average target price of $89.40.
In other Integer news, SVP Anthony W. Borowicz sold 2,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $85.92, for a total transaction of $214,800.00. Following the transaction, the senior vice president now owns 18,124 shares in the company, valued at $1,557,214.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jose Antonio Gonzalez sold 9,088 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $90.88, for a total transaction of $825,917.44. Following the transaction, the insider now owns 11,899 shares in the company, valued at approximately $1,081,381.12. The disclosure for this sale can be found here. Insiders have sold 62,147 shares of company stock worth $5,358,962 in the last quarter. Company insiders own 2.24% of the company’s stock.
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Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.
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