Congress Asset Management Co. Buys 24,306 Shares of Integer Holdings Co. (NYSE:ITGR)

Congress Asset Management Co. raised its position in Integer Holdings Co. (NYSE:ITGR - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 522,656 shares of the medical equipment provider's stock after acquiring an additional 24,306 shares during the period. Congress Asset Management Co. owned about 1.55% of Integer worth $61,679,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ITGR. Mather Group LLC. lifted its position in Integer by 304.3% in the fourth quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider's stock worth $25,000 after purchasing an additional 143 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Integer in the 4th quarter valued at $27,000. AdvisorNet Financial Inc acquired a new position in shares of Integer in the 1st quarter valued at $28,000. Sterling Capital Management LLC lifted its holdings in shares of Integer by 472.9% during the 4th quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock worth $45,000 after acquiring an additional 279 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of Integer by 31.2% during the 4th quarter. Principal Securities Inc. now owns 639 shares of the medical equipment provider's stock worth $85,000 after acquiring an additional 152 shares during the period. Institutional investors own 99.29% of the company's stock.

Insider Transactions at Integer

In other news, CEO Joseph W. Dziedzic sold 338,975 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $123.17, for a total value of $41,751,550.75. Following the transaction, the chief executive officer now owns 47,000 shares of the company's stock, valued at $5,788,990. This represents a 87.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donald J. Spence sold 14,739 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $120.38, for a total transaction of $1,774,280.82. Following the completion of the sale, the director now owns 18,781 shares in the company, valued at $2,260,856.78. This represents a 43.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 362,434 shares of company stock worth $44,577,115 over the last 90 days. 2.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Benchmark dropped their price target on shares of Integer from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Raymond James increased their target price on Integer from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Truist Financial set a $150.00 price target on Integer and gave the company a "buy" rating in a research note on Friday, April 25th. Citigroup upgraded Integer from a "hold" rating to a "strong-buy" rating and increased their price objective for the stock from $133.00 to $140.00 in a research note on Thursday, May 22nd. Finally, KeyCorp cut their price objective on Integer from $154.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Integer has a consensus rating of "Moderate Buy" and an average price target of $145.00.

Integer Price Performance

Shares of ITGR stock traded up $0.49 during trading hours on Tuesday, hitting $122.55. 411,965 shares of the company's stock were exchanged, compared to its average volume of 376,299. Integer Holdings Co. has a 52 week low of $104.93 and a 52 week high of $146.36. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.95 and a quick ratio of 2.09. The stock's 50-day moving average is $118.95 and its 200-day moving average is $127.87.

Integer (NYSE:ITGR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The medical equipment provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.04. Integer had a net margin of 6.92% and a return on equity of 11.65%. The firm had revenue of $437.39 million for the quarter, compared to analyst estimates of $428.51 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The company's revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Integer Holdings Co. will post 6.01 EPS for the current year.

Integer Profile

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.