Polar Capital Holdings Plc Sells 69,311 Shares of Integer Holdings Co. (NYSE:ITGR)

Polar Capital Holdings Plc reduced its position in Integer Holdings Co. (NYSE:ITGR - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 272,436 shares of the medical equipment provider's stock after selling 69,311 shares during the period. Polar Capital Holdings Plc owned about 0.81% of Integer worth $36,103,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ITGR. Capital Research Global Investors lifted its position in shares of Integer by 16.0% in the fourth quarter. Capital Research Global Investors now owns 1,410,803 shares of the medical equipment provider's stock worth $186,960,000 after purchasing an additional 194,895 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Integer by 3.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 558,715 shares of the medical equipment provider's stock worth $74,041,000 after buying an additional 20,688 shares in the last quarter. Congress Asset Management Co. lifted its position in Integer by 2.0% in the 4th quarter. Congress Asset Management Co. now owns 498,350 shares of the medical equipment provider's stock worth $66,041,000 after buying an additional 9,565 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Integer by 5.5% during the 4th quarter. Driehaus Capital Management LLC now owns 451,464 shares of the medical equipment provider's stock valued at $59,828,000 after buying an additional 23,706 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Integer by 14.2% during the 4th quarter. Northern Trust Corp now owns 422,380 shares of the medical equipment provider's stock valued at $55,974,000 after acquiring an additional 52,556 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Insiders Place Their Bets

In related news, CEO Joseph W. Dziedzic sold 338,975 shares of Integer stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $123.17, for a total value of $41,751,550.75. Following the completion of the transaction, the chief executive officer now directly owns 47,000 shares of the company's stock, valued at $5,788,990. The trade was a 87.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.16% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Benchmark reduced their price objective on Integer from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, April 25th. StockNews.com cut Integer from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. KeyCorp cut their price objective on shares of Integer from $154.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Truist Financial set a $150.00 target price on shares of Integer and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Oppenheimer lowered shares of Integer from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $145.56.

Integer Stock Performance

ITGR stock traded up $0.41 during trading on Monday, reaching $121.40. 403,168 shares of the stock were exchanged, compared to its average volume of 369,840. The company has a market capitalization of $4.24 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. Integer Holdings Co. has a twelve month low of $104.93 and a twelve month high of $146.36. The stock has a 50 day simple moving average of $118.31 and a 200-day simple moving average of $129.51. The company has a current ratio of 2.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62.

Integer (NYSE:ITGR - Get Free Report) last posted its earnings results on Thursday, April 24th. The medical equipment provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. The business had revenue of $437.39 million for the quarter, compared to analysts' expectations of $428.51 million. Integer had a net margin of 6.92% and a return on equity of 11.65%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. As a group, sell-side analysts anticipate that Integer Holdings Co. will post 6.01 earnings per share for the current year.

Integer Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.