STERIS plc (NYSE:STE) Holdings Lowered by Mariner LLC

Mariner LLC lowered its holdings in STERIS plc (NYSE:STE - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,536 shares of the medical equipment provider's stock after selling 1,271 shares during the period. Mariner LLC's holdings in STERIS were worth $2,166,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of STE. Norges Bank purchased a new stake in STERIS during the 4th quarter worth about $238,836,000. Raymond James Financial Inc. acquired a new stake in shares of STERIS during the fourth quarter worth about $223,987,000. Franklin Resources Inc. grew its stake in shares of STERIS by 171.2% in the 3rd quarter. Franklin Resources Inc. now owns 838,569 shares of the medical equipment provider's stock valued at $191,370,000 after purchasing an additional 529,308 shares during the last quarter. Wellington Management Group LLP increased its stake in STERIS by 4,534.6% in the 4th quarter. Wellington Management Group LLP now owns 219,032 shares of the medical equipment provider's stock valued at $45,024,000 after buying an additional 214,306 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in STERIS by 400.4% during the fourth quarter. Boston Trust Walden Corp now owns 224,741 shares of the medical equipment provider's stock worth $46,198,000 after purchasing an additional 179,829 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company's stock.

STERIS Stock Performance

Shares of NYSE STE traded down $0.70 during trading on Tuesday, reaching $224.56. The stock had a trading volume of 97,457 shares, compared to its average volume of 524,723. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.40 and a current ratio of 2.13. The stock has a market cap of $22.06 billion, a PE ratio of 47.66 and a beta of 0.87. STERIS plc has a one year low of $200.98 and a one year high of $248.24. The firm's 50 day moving average price is $222.97 and its two-hundred day moving average price is $218.84.

STERIS (NYSE:STE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The medical equipment provider reported $2.32 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.01). STERIS had a net margin of 8.66% and a return on equity of 13.91%. On average, research analysts forecast that STERIS plc will post 9.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of STERIS in a research report on Monday, April 7th. JMP Securities reaffirmed a "market outperform" rating and set a $265.00 price objective on shares of STERIS in a research note on Thursday, April 10th. Stephens reiterated an "overweight" rating and set a $240.00 price objective on shares of STERIS in a research note on Thursday, February 6th. Finally, Piper Sandler increased their price objective on shares of STERIS from $260.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.75.

STERIS Profile

STERIS plc provides infection prevention products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services.