Quantinno Capital Management LP Buys 18,204 Shares of LeMaitre Vascular, Inc. $LMAT

Key Points

• Quantinno Capital Management increased its LeMaitre Vascular stake by 357.4%, acquiring 18,204 additional shares for a total of 23,298 shares valued at approximately $2.54 million. Institutional investors collectively own 84.64% of the company.
• LeMaitre Vascular’s latest quarter showed 9.6% year-over-year revenue growth to $70.38 million, but earnings of $0.74 per share and revenue both fell short of analyst expectations. Supply constraints contributed to the weaker-than-expected results.
• Analyst sentiment is cautious, with four Buy ratings and five Holds producing a consensus rating of Hold and an average price target of $110.60; shares opened at $81.45, near their 52-week low. The company also announced a quarterly dividend of $0.25 per share, implying a 1.2% yield.

Quantinno Capital Management LP increased its stake in shares of LeMaitre Vascular, Inc. (NASDAQ:LMAT - Free Report) by 357.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,298 shares of the medical instruments supplier's stock after acquiring an additional 18,204 shares during the period. Quantinno Capital Management LP owned about 0.10% of LeMaitre Vascular worth $2,544,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund increased its holdings in LeMaitre Vascular by 1.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,171 shares of the medical instruments supplier's stock worth $906,000 after purchasing an additional 123 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of LeMaitre Vascular by 4.6% in the fourth quarter. NewEdge Advisors LLC now owns 3,158 shares of the medical instruments supplier's stock valued at $256,000 after purchasing an additional 139 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of LeMaitre Vascular by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 11,986 shares of the medical instruments supplier's stock valued at $971,000 after purchasing an additional 147 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of LeMaitre Vascular by 0.4% during the second quarter. Federated Hermes Inc. now owns 39,659 shares of the medical instruments supplier's stock worth $3,294,000 after buying an additional 155 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of LeMaitre Vascular by 5.5% during the first quarter. Pictet Asset Management Holding SA now owns 3,259 shares of the medical instruments supplier's stock worth $356,000 after buying an additional 169 shares during the period. 84.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barrington Research lowered LeMaitre Vascular from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Citizens Jmp raised their price target on shares of LeMaitre Vascular from $118.00 to $127.00 and gave the stock a "market outperform" rating in a research note on Wednesday, May 6th. Citigroup reiterated a "market outperform" rating on shares of LeMaitre Vascular in a report on Tuesday, July 21st. Wells Fargo & Company cut their price objective on shares of LeMaitre Vascular from $104.00 to $94.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 5th. Finally, Zacks Research cut shares of LeMaitre Vascular from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LeMaitre Vascular currently has an average rating of "Hold" and a consensus price target of $110.60.

LeMaitre Vascular Stock Performance

LMAT opened at $81.45 on Monday. The business's 50-day simple moving average is $96.54 and its 200 day simple moving average is $99.89. LeMaitre Vascular, Inc. has a 52-week low of $78.65 and a 52-week high of $118.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 13.96 and a current ratio of 16.31. The firm has a market capitalization of $1.86 billion, a PE ratio of 28.58, a PEG ratio of 2.35 and a beta of 0.53.

LeMaitre Vascular (NASDAQ:LMAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The medical instruments supplier reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.07). The company had revenue of $70.38 million during the quarter, compared to the consensus estimate of $71.47 million. LeMaitre Vascular had a net margin of 25.02% and a return on equity of 15.63%. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, sell-side analysts expect that LeMaitre Vascular, Inc. will post 2.89 earnings per share for the current fiscal year.

LeMaitre Vascular Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. LeMaitre Vascular's dividend payout ratio (DPR) is currently 35.09%.

Key Stories Impacting LeMaitre Vascular

Here are the key news stories impacting LeMaitre Vascular this week:

• Positive Sentiment: International sales growth and underlying demand were key positives in the second-quarter review. Revenue increased 9.6% year over year to $70.38 million, although growth was constrained by supply issues. LMAT Q2 Deep Dive: International Growth and Supply Constraints Shape Results
• Neutral Sentiment: LeMaitre will hold investor meetings at the Needham Virtual MedTech & Diagnostics 1x1 Conference on August 11. The event could provide management an opportunity to discuss international expansion, supply availability and its outlook, but no new financial guidance was announced. LeMaitre to Participate in the 11th Annual Needham Virtual MedTech & Diagnostics 1x1 Conference
• Neutral Sentiment: Wells Fargo maintained its Hold rating, signaling limited near-term conviction and a cautious outlook rather than a fresh bullish catalyst. Wells Fargo Sticks to Its Hold Rating for LeMaitre Vascular
• Negative Sentiment: Second-quarter adjusted earnings were $0.74 per share, below the $0.81 consensus estimate, while revenue of $70.38 million missed expectations of $71.47 million. The shortfall triggered a sharp decline and a gap lower in the shares. LeMaitre misses Q2 revenue estimates
• Negative Sentiment: Barrington Research downgraded LMAT to Market Perform, adding to concerns that the stock’s valuation and near-term growth prospects may be less attractive. Barrington Research Downgrades LeMaitre Vascular
• Negative Sentiment: The shares reached a new 12-month low following analyst caution and the earnings disappointment, reinforcing the negative market reaction. LeMaitre Vascular Hits New 12-Month Low

LeMaitre Vascular Company Profile

LeMaitre Vascular, Inc is a specialty medical device company focused on the development, manufacture and marketing of products for the treatment of peripheral vascular disease. Headquartered in Burlington, Massachusetts, the company's offerings include a broad portfolio of vascular surgical instruments, grafts, patches, catheters and embolic protection devices. LeMaitre's product lines address key areas such as arterial reconstruction, endovascular repair and vascular access, serving the needs of cardiovascular surgeons and interventional specialists.

Founded in 1983 by George D.

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