Illinois Municipal Retirement Fund Lowers Stock Holdings in Integer Holdings Co. (NYSE:ITGR)

Illinois Municipal Retirement Fund decreased its position in shares of Integer Holdings Co. (NYSE:ITGR) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,712 shares of the medical equipment provider’s stock after selling 452 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Integer worth $1,953,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ITGR. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Integer by 497.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 536,343 shares of the medical equipment provider’s stock valued at $42,065,000 after buying an additional 446,508 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Integer by 8.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,632,549 shares of the medical equipment provider’s stock valued at $128,041,000 after buying an additional 133,898 shares in the last quarter. FMR LLC lifted its stake in shares of Integer by 12.8% during the 3rd quarter. FMR LLC now owns 863,938 shares of the medical equipment provider’s stock valued at $67,759,000 after buying an additional 97,851 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Integer by 50.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 254,904 shares of the medical equipment provider’s stock valued at $19,992,000 after buying an additional 85,711 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in shares of Integer by 24.8% during the 3rd quarter. Congress Asset Management Co. MA now owns 374,748 shares of the medical equipment provider’s stock valued at $29,391,000 after buying an additional 74,510 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Stock Performance

Shares of NYSE:ITGR opened at $111.25 on Friday. The firm’s 50-day moving average is $112.91 and its 200 day moving average is $99.57. Integer Holdings Co. has a 12 month low of $69.40 and a 12 month high of $123.99. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 1.71 and a beta of 1.10. The company has a current ratio of 2.80, a quick ratio of 1.71 and a debt-to-equity ratio of 0.64.

Integer (NYSE:ITGR) last announced its quarterly earnings results on Thursday, February 15th. The medical equipment provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. Integer had a net margin of 5.68% and a return on equity of 10.80%. The firm had revenue of $413.15 million during the quarter, compared to analysts’ expectations of $409.04 million. During the same quarter in the prior year, the company earned $1.11 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Research analysts predict that Integer Holdings Co. will post 5.31 EPS for the current year.

Wall Street Analysts Forecast Growth

ITGR has been the topic of several research analyst reports. Benchmark boosted their price target on shares of Integer from $105.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Bank of America upgraded shares of Integer from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $135.00 in a research note on Monday, April 15th. CL King initiated coverage on shares of Integer in a research note on Thursday, March 14th. They issued a “buy” rating and a $137.00 price target on the stock. Finally, KeyCorp boosted their price target on shares of Integer from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Integer has an average rating of “Moderate Buy” and an average price target of $120.50.

Integer Company 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.