Artisan Partners Limited Partnership bought a new position in shares of Integer Holdings Co. (NYSE:ITGR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 171,864 shares of the medical equipment provider's stock, valued at approximately $22,775,000. Artisan Partners Limited Partnership owned approximately 0.51% of Integer at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Jane Street Group LLC increased its holdings in Integer by 23.3% in the third quarter. Jane Street Group LLC now owns 151,397 shares of the medical equipment provider's stock valued at $19,682,000 after buying an additional 28,572 shares in the last quarter. Verition Fund Management LLC raised its holdings in Integer by 17.4% during the third quarter. Verition Fund Management LLC now owns 3,470 shares of the medical equipment provider's stock worth $451,000 after purchasing an additional 515 shares during the last quarter. Versant Capital Management Inc grew its holdings in Integer by 98.4% in the fourth quarter. Versant Capital Management Inc now owns 369 shares of the medical equipment provider's stock valued at $49,000 after purchasing an additional 183 shares during the last quarter. KBC Group NV increased its position in shares of Integer by 83.3% in the fourth quarter. KBC Group NV now owns 1,598 shares of the medical equipment provider's stock valued at $212,000 after buying an additional 726 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Integer by 3.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 290,120 shares of the medical equipment provider's stock worth $37,716,000 after buying an additional 9,754 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on ITGR. Raymond James started coverage on shares of Integer in a report on Friday, March 28th. They issued an "outperform" rating and a $145.00 price target on the stock. Truist Financial boosted their price target on Integer from $147.00 to $163.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. KeyCorp increased their price objective on Integer from $144.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Citigroup upped their target price on shares of Integer from $130.00 to $145.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $160.00 price objective on shares of Integer in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Integer presently has an average rating of "Moderate Buy" and a consensus target price of $148.56.
Get Our Latest Stock Analysis on Integer
Integer Stock Up 1.4 %
Shares of ITGR traded up $1.70 during midday trading on Wednesday, reaching $120.26. 67,800 shares of the company were exchanged, compared to its average volume of 406,631. Integer Holdings Co. has a 1-year low of $107.11 and a 1-year high of $146.36. The stock has a 50-day moving average price of $129.52 and a 200-day moving average price of $131.97. The company has a current ratio of 2.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 1.72 and a beta of 1.24.
Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The medical equipment provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). Integer had a return on equity of 11.65% and a net margin of 6.92%. The company had revenue of $449.50 million for the quarter, compared to analyst estimates of $446.28 million. Research analysts expect that Integer Holdings Co. will post 6.01 earnings per share for the current year.
Integer Profile
(
Free Report)
Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.
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