Embecta (EMBC) News Today

Point72 Asset Management L.P. cut its stake in Embecta Corp. (NASDAQ:EMBC - Free Report) by 97.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,325 shares of the company's stock after selling 367,

AQR Capital Management LLC lifted its stake in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 136.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 614,645 shares of the company's stock after purchasing an additional 354,454 shares during t

Algert Global LLC increased its stake in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 281.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,953 shares of the company's stock after purchas

Axa S.A. acquired a new stake in Embecta Corp. (NASDAQ:EMBC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 127,595 shares of the company's stock, valued at approximately $1,595,000. Axa S.

Victory Capital Management Inc. decreased its position in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 73.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,917 shar

Mercer Global Advisors Inc. ADV bought a new position in Embecta Corp. (NASDAQ:EMBC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 133,026 shares of the company's stock, valued at appr

Embecta Corp. (NASDAQ:EMBC - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,840,000 shares, a decrease of 8.0% from the August 15th total of 2,000,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 410,900 shares, the days-to-cover ratio is presently 4.5 days.

Los Angeles Capital Management LLC lifted its stake in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 271.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,615 shares of the company's stock

Embecta (NASDAQ:EMBC) Shares Down 5.7%

Embecta (NASDAQ:EMBC) Trading Up 2.9%

AlphaCentric Advisors LLC lessened its position in Embecta Corp. (NASDAQ:EMBC - Free Report) by 49.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,500 shares of the company's stock after selling 55,000 shares during the period

Comerica Bank cut its holdings in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 72.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,695 shares of the company's stock after selling 63,990

Price T Rowe Associates Inc. MD reduced its position in Embecta Corp. (NASDAQ:EMBC - Free Report) by 70.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,634 shares of the company's stock after selling

Embecta (NASDAQ:EMBC) Shares Down 3.2%

Embecta (NASDAQ:EMBC - Get Free Report) issued its earnings results on Friday. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.48 by $0.26. Embecta had a net margin of 6.20% and a negative return on equity of 18.42%. The company had revenue of $272.50 million for the quarter, compared to the consensus estimate of $267.44 million. During the same quarter in the previous year, the company earned $0.69 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year.

Embecta Corp. (NASDAQ:EMBC) declared a quarterly dividend on Friday, August 9th. Shareholders of record on Tuesday, August 27th will be given a dividend of 0.15 per share on Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, August 27th.

Embecta (NASDAQ:EMBC) Shares Gap Up to $14.34

Embecta (NASDAQ:EMBC) updated its FY24 earnings guidance. The company provided EPS guidance of $2.30-2.35 for the period, compared to the consensus estimate of $2.28. The company also issued revenue guidance of $1.111-1.116 billionillion, compared to the consensus estimate of $1.11 billionillion.

Public Employees Retirement System of Ohio grew its stake in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 1,135.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,268 shares of the company's st

Vanguard Group Inc. boosted its stake in shares of Embecta Corp. (NASDAQ:EMBC - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,213,992 shares of the company's stock after buying an additional 187,916 shares during the perio

Embecta (NASDAQ:EMBC) will be releasing earnings before the market opens on Friday, August 9, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=610493)

Embecta Corp. (NASDAQ:EMBC - Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 2,930,000 shares, a growth of 7.3% from the June 30th total of 2,730,000 shares. Currently, 5.4% of the company's stock are sold short. Based on an average daily volume of 443,900 shares, the days-to-cover ratio is currently 6.6 days.