Vestmark Advisory Solutions Inc. Grows Stake in The Cooper Companies, Inc. $COO

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its ownership of The Cooper Companies, purchasing 65,294 shares and bringing its total holding to 127,248 shares, valued at approximately $10.73 million.
• Analysts have mixed reviews on Cooper Companies, with JPMorgan lowering its target price to $76, while others like UBS upgraded it to a "buy" rating.
• Cooper Companies reported earnings of $0.96 per share for the last quarter, outperforming estimates and showing a revenue increase of 6.3% year-over-year.

Vestmark Advisory Solutions Inc. lifted its holdings in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 105.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,248 shares of the medical device company's stock after acquiring an additional 65,294 shares during the period. Vestmark Advisory Solutions Inc. owned 0.06% of Cooper Companies worth $10,733,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COO. Covestor Ltd lifted its stake in Cooper Companies by 35.5% in the fourth quarter. Covestor Ltd now owns 458 shares of the medical device company's stock worth $42,000 after purchasing an additional 120 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in Cooper Companies in the fourth quarter worth about $244,000. Mariner LLC lifted its stake in Cooper Companies by 10.4% in the fourth quarter. Mariner LLC now owns 34,142 shares of the medical device company's stock worth $3,139,000 after purchasing an additional 3,220 shares during the last quarter. XTX Topco Ltd bought a new stake in Cooper Companies in the fourth quarter worth about $824,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Cooper Companies in the fourth quarter worth about $331,000. Institutional investors own 24.39% of the company's stock.

Cooper Companies Stock Up 0.1%

COO stock traded up $0.0390 during trading on Tuesday, hitting $73.5690. 547,611 shares of the company's stock traded hands, compared to its average volume of 2,146,063. The firm has a market capitalization of $14.71 billion, a P/E ratio of 35.71, a PEG ratio of 1.79 and a beta of 1.00. The business has a fifty day simple moving average of $71.95 and a two-hundred day simple moving average of $78.68. The company has a quick ratio of 1.23, a current ratio of 2.10 and a debt-to-equity ratio of 0.30. The Cooper Companies, Inc. has a 1 year low of $65.00 and a 1 year high of $112.38.

Cooper Companies (NASDAQ:COO - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The medical device company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Cooper Companies had a net margin of 10.39% and a return on equity of 9.60%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $995.12 million. During the same period last year, the company posted $0.85 earnings per share. Cooper Companies's revenue was up 6.3% compared to the same quarter last year. Cooper Companies has set its FY 2025 guidance at 4.050-4.110 EPS. Sell-side analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Analysts Set New Price Targets

COO has been the subject of several analyst reports. Piper Sandler reissued an "overweight" rating and issued a $105.00 price objective (down previously from $115.00) on shares of Cooper Companies in a research note on Friday, May 30th. Wells Fargo & Company reduced their target price on shares of Cooper Companies from $118.00 to $93.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Robert W. Baird reduced their target price on shares of Cooper Companies from $107.00 to $97.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Needham & Company LLC raised shares of Cooper Companies from a "hold" rating to a "buy" rating and set a $94.00 target price on the stock in a research report on Tuesday, June 17th. Finally, Loop Capital set a $100.00 target price on shares of Cooper Companies in a research report on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.73.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.