Jane Street Group LLC Sells 11,025 Shares of Teleflex Incorporated (NYSE:TFX)

Jane Street Group LLC decreased its position in Teleflex Incorporated (NYSE:TFX - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,448 shares of the medical technology company's stock after selling 11,025 shares during the quarter. Jane Street Group LLC's holdings in Teleflex were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Freestone Grove Partners LP bought a new stake in shares of Teleflex in the 4th quarter worth $2,638,000. Becker Capital Management Inc. bought a new stake in shares of Teleflex in the 4th quarter worth $1,582,000. Schonfeld Strategic Advisors LLC grew its stake in shares of Teleflex by 291.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 18,471 shares of the medical technology company's stock worth $3,287,000 after acquiring an additional 13,755 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Teleflex by 76.2% in the 4th quarter. AQR Capital Management LLC now owns 272,298 shares of the medical technology company's stock worth $48,464,000 after acquiring an additional 117,744 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Teleflex by 15.2% in the 4th quarter. Northern Trust Corp now owns 462,846 shares of the medical technology company's stock worth $82,377,000 after acquiring an additional 61,219 shares in the last quarter. Institutional investors own 95.62% of the company's stock.

Analyst Ratings Changes

TFX has been the subject of several recent analyst reports. Raymond James lowered shares of Teleflex from an "outperform" rating to a "market perform" rating in a research note on Friday, February 28th. Royal Bank of Canada cut their price target on shares of Teleflex from $150.00 to $145.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Truist Financial cut their price target on shares of Teleflex from $140.00 to $137.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Morgan Stanley cut their price target on shares of Teleflex from $191.00 to $173.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Piper Sandler reissued a "neutral" rating and issued a $140.00 price target (down from $255.00) on shares of Teleflex in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Teleflex currently has an average rating of "Hold" and an average target price of $164.63.

Teleflex Stock Performance

NYSE TFX traded up $1.15 during trading on Thursday, hitting $122.24. 392,468 shares of the company's stock traded hands, compared to its average volume of 630,380. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.73 and a beta of 1.17. Teleflex Incorporated has a 12-month low of $119.08 and a 12-month high of $249.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. The business has a 50 day moving average of $129.94 and a 200-day moving average of $157.99.

Teleflex (NYSE:TFX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The medical technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.88 by $0.03. The business had revenue of $700.67 million for the quarter, compared to the consensus estimate of $699.37 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. The company's revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 earnings per share. As a group, equities research analysts anticipate that Teleflex Incorporated will post 13.98 earnings per share for the current fiscal year.

Teleflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, May 20th. Teleflex's dividend payout ratio is presently 42.90%.

Teleflex Company Profile

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.