Voya Investment Management LLC Decreases Stock Position in STERIS plc (NYSE:STE)

Voya Investment Management LLC lowered its holdings in shares of STERIS plc (NYSE:STE - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,669 shares of the medical equipment provider's stock after selling 2,250 shares during the quarter. Voya Investment Management LLC's holdings in STERIS were worth $5,893,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of STE. Avalon Trust Co bought a new stake in shares of STERIS in the fourth quarter valued at about $30,000. Human Investing LLC bought a new stake in shares of STERIS in the 4th quarter valued at about $31,000. Anfield Capital Management LLC lifted its position in shares of STERIS by 100.0% in the 4th quarter. Anfield Capital Management LLC now owns 182 shares of the medical equipment provider's stock worth $37,000 after purchasing an additional 91 shares during the period. Central Pacific Bank Trust Division raised its position in shares of STERIS by 65.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 192 shares of the medical equipment provider's stock worth $39,000 after acquiring an additional 76 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of STERIS by 182.7% in the 4th quarter. Manchester Capital Management LLC now owns 212 shares of the medical equipment provider's stock valued at $44,000 after buying an additional 137 shares in the last quarter. Institutional investors own 94.69% of the company's stock.

STERIS Stock Performance

Shares of STE traded down $0.13 during trading hours on Tuesday, hitting $224.17. The stock had a trading volume of 113,743 shares, compared to its average volume of 537,968. The firm has a 50-day moving average price of $223.14 and a 200 day moving average price of $218.76. STERIS plc has a fifty-two week low of $200.98 and a fifty-two week high of $248.24. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 47.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.40 and a current ratio of 2.13.

STERIS (NYSE:STE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The medical equipment provider reported $2.32 earnings per share for the quarter, missing analysts' consensus estimates of $2.33 by ($0.01). STERIS had a return on equity of 13.91% and a net margin of 8.66%. As a group, research analysts anticipate that STERIS plc will post 9.08 EPS for the current year.

Wall Street Analysts Forecast Growth

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

STERIS Company 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.