Ontario Teachers Pension Plan Board Trims Holdings in DaVita Inc. (NYSE:DVA)

Key Points

• Ontario Teachers Pension Plan Board reduced its stake in DaVita Inc. by 22.5%, selling 3,905 shares during the first quarter, leaving them with 13,467 shares valued at approximately $2,060,000.
• Analysts have mixed opinions on DaVita, with Truist Financial and Barclays lowering their price targets to $164.00 and $160.00, while Wall Street Zen upgraded its rating from "hold" to "buy".
• DaVita reported earnings of $2.95 per share for the most recent quarter, exceeding expectations of $2.70, and recorded revenue of $3.38 billion, up 6.1% year-on-year.

Ontario Teachers Pension Plan Board reduced its position in DaVita Inc. (NYSE:DVA - Free Report) by 22.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,467 shares of the company's stock after selling 3,905 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in DaVita were worth $2,060,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of DaVita by 65.5% during the first quarter. UMB Bank n.a. now owns 192 shares of the company's stock valued at $29,000 after buying an additional 76 shares during the last quarter. Copia Wealth Management purchased a new position in DaVita in the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its position in DaVita by 50.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 300 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of DaVita during the fourth quarter valued at approximately $55,000. Finally, GeoWealth Management LLC increased its stake in shares of DaVita by 30.6% in the fourth quarter. GeoWealth Management LLC now owns 525 shares of the company's stock worth $79,000 after buying an additional 123 shares during the period. 90.12% of the stock is currently owned by institutional investors.

DaVita Stock Performance

NYSE:DVA traded up $1.86 during mid-day trading on Friday, reaching $129.55. The company's stock had a trading volume of 949,567 shares, compared to its average volume of 883,366. The firm's fifty day moving average price is $140.02 and its two-hundred day moving average price is $146.64. The company has a current ratio of 1.39, a quick ratio of 1.20 and a debt-to-equity ratio of 23.18. The stock has a market cap of $9.26 billion, a P/E ratio of 12.74, a PEG ratio of 0.89 and a beta of 1.09. DaVita Inc. has a 12-month low of $126.07 and a 12-month high of $179.60.

DaVita (NYSE:DVA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $0.25. DaVita had a net margin of 6.35% and a return on equity of 369.39%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts forecast that DaVita Inc. will post 10.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on DVA. Truist Financial set a $148.00 price objective on shares of DaVita in a research note on Friday. Barclays dropped their price objective on DaVita from $169.00 to $160.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Wall Street Zen upgraded DaVita from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

Insider Activity

In related news, insider James O. Hearty sold 2,351 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $150.00, for a total value of $352,650.00. Following the transaction, the insider owned 26,038 shares of the company's stock, valued at approximately $3,905,700. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

DaVita Profile

DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers.