Alamea Verwaltungs GmbH Takes Position in GE HealthCare Technologies Inc. $GEHC

Key Points

• Alamea Verwaltungs GmbH acquired a new stake in GE HealthCare Technologies, purchasing 6,154 shares valued at approximately $497,000 in the first quarter.
• GE HealthCare Technologies recently reported earnings of $1.06 per share for the quarter, exceeding analysts' estimates of $0.91, with revenue of $5 billion that surpassed expectations of $4.96 billion.
• The company announced a quarterly dividend of $0.035 per share, representing an annualized dividend of $0.14 and a yield of 0.2%.

Alamea Verwaltungs GmbH purchased a new stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,154 shares of the company's stock, valued at approximately $497,000.

Several other institutional investors have also bought and sold shares of the stock. Knuff & Co LLC lifted its holdings in GE HealthCare Technologies by 1.5% in the first quarter. Knuff & Co LLC now owns 10,276 shares of the company's stock worth $829,000 after purchasing an additional 150 shares during the period. Graypoint LLC lifted its holdings in GE HealthCare Technologies by 5.7% in the first quarter. Graypoint LLC now owns 3,028 shares of the company's stock worth $244,000 after purchasing an additional 162 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in GE HealthCare Technologies by 3.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 5,336 shares of the company's stock worth $431,000 after purchasing an additional 166 shares during the period. Spire Wealth Management lifted its holdings in GE HealthCare Technologies by 5.2% in the first quarter. Spire Wealth Management now owns 3,367 shares of the company's stock worth $272,000 after purchasing an additional 166 shares during the period. Finally, Freestone Capital Holdings LLC lifted its holdings in GE HealthCare Technologies by 5.1% in the first quarter. Freestone Capital Holdings LLC now owns 3,454 shares of the company's stock worth $279,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 82.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GEHC shares. Morgan Stanley reduced their price objective on shares of GE HealthCare Technologies from $78.00 to $74.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Wall Street Zen upgraded shares of GE HealthCare Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. BTIG Research reiterated a "buy" rating on shares of GE HealthCare Technologies in a research report on Monday, July 14th. Zacks Research upgraded shares of GE HealthCare Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Finally, Citigroup boosted their price target on shares of GE HealthCare Technologies from $89.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.55.

GE HealthCare Technologies Trading Up 1.1%

NASDAQ GEHC traded up $0.78 on Wednesday, hitting $72.38. 3,544,732 shares of the company were exchanged, compared to its average volume of 2,800,585. The company's 50 day moving average price is $74.27 and its 200-day moving average price is $74.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.16 and a quick ratio of 0.93. The firm has a market capitalization of $33.05 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. GE HealthCare Technologies Inc. has a twelve month low of $57.65 and a twelve month high of $94.80.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.15. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.96 billion. GE HealthCare Technologies had a return on equity of 23.93% and a net margin of 11.22%.The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 EPS. GE HealthCare Technologies has set its FY 2025 guidance at 4.430-4.630 EPS. Analysts predict that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were issued a $0.035 dividend. The ex-dividend date was Friday, July 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.2%. GE HealthCare Technologies's dividend payout ratio is currently 2.87%.

About GE HealthCare Technologies

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.