Mercer Global Advisors Inc. ADV increased its holdings in Integer Holdings Co. (NYSE:ITGR – Get Rating) by 31.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,857 shares of the medical equipment provider's stock after buying an additional 3,514 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Integer were worth $1,197,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new position in Integer in the fourth quarter valued at approximately $26,000. UMB Bank N A MO acquired a new stake in Integer in the fourth quarter worth $34,000. US Asset Management LLC bought a new stake in Integer in the first quarter valued at $59,000. Clearstead Advisors LLC acquired a new position in shares of Integer during the first quarter valued at $93,000. Finally, Bailard Inc. bought a new position in shares of Integer during the first quarter worth about $209,000. Institutional investors own 99.43% of the company's stock.
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Analysts Set New Price Targets
Several brokerages have commented on ITGR. TheStreet lowered shares of Integer from a "b-" rating to a "c+" rating in a research note on Friday, May 13th. KeyCorp lowered their target price on Integer from $109.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, July 29th.
Integer Price Performance
NYSE ITGR opened at $67.25 on Thursday. The firm has a market capitalization of $2.23 billion, a PE ratio of 28.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.70 and a quick ratio of 1.71. Integer Holdings Co. has a 12 month low of $64.95 and a 12 month high of $100.71. The company's 50 day simple moving average is $70.07 and its 200 day simple moving average is $75.95.
Integer (NYSE:ITGR – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The medical equipment provider reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.14). Integer had a return on equity of 9.50% and a net margin of 6.10%. The firm had revenue of $350.10 million during the quarter, compared to the consensus estimate of $343.57 million. During the same period in the prior year, the firm posted $1.07 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts forecast that Integer Holdings Co. will post 4.3 EPS for the current fiscal year.
Insider Buying and Selling at Integer
In related news, insider Carter Houghton sold 2,708 shares of the business's stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $74.13, for a total value of $200,744.04. Following the sale, the insider now directly owns 3,262 shares in the company, valued at approximately $241,812.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.01% of the stock is owned by corporate insiders.
About Integer
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Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through Medical and Non-Medical segments. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, urology, and gastroenterology procedures.
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