Maryland State Retirement & Pension System Sells 156 Shares of Integer Holdings Co. (NYSE:ITGR)

Maryland State Retirement & Pension System decreased its position in shares of Integer Holdings Co. (NYSE:ITGR) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,112 shares of the medical equipment provider’s stock after selling 156 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Integer were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in Integer by 497.0% in 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 acquiring an additional 446,508 shares during the period. Victory Capital Management Inc. raised its position in 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 worth $128,041,000 after purchasing an additional 133,898 shares during the last quarter. FMR LLC lifted its holdings in Integer by 12.8% during the 3rd quarter. FMR LLC now owns 863,938 shares of the medical equipment provider’s stock worth $67,759,000 after buying an additional 97,851 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Integer by 50.7% in 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 during the last quarter. Finally, Congress Asset Management Co. MA increased its stake in shares of Integer by 24.8% in the third 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 during the period. Institutional investors own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ITGR shares. CL King started coverage on shares of Integer in a research report on Thursday, March 14th. They set a “buy” rating and a $137.00 target price for the company. KeyCorp lifted their target price 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. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Integer in a report on Friday, April 26th. Finally, Bank of America raised Integer from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $135.00 in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.50.

Integer Stock Performance

Shares of ITGR stock opened at $113.14 on Thursday. Integer Holdings Co. has a 12 month low of $69.40 and a 12 month high of $123.99. The firm has a market capitalization of $3.79 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The firm has a fifty day simple moving average of $114.66 and a two-hundred day simple moving average of $101.98. The company has a current ratio of 3.32, a quick ratio of 2.01 and a debt-to-equity ratio of 0.76.

Integer (NYSE:ITGR) last released its quarterly earnings results on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Integer had a return on equity of 11.25% and a net margin of 6.01%. The business had revenue of $414.80 million during the quarter, compared to the consensus estimate of $412.78 million. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts forecast that Integer Holdings Co. will post 5.27 EPS for the current fiscal year.

Insider Activity

In other news, VP Tommy P. Thomas sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $114.00, for a total value of $171,000.00. Following the transaction, the vice president now owns 2,813 shares in the company, valued at approximately $320,682. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

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.