BlackRock Inc. Has $358.96 Million Stake in Integer Holdings Corp (NYSE:ITGR)

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BlackRock Inc. reduced its position in shares of Integer Holdings Corp (NYSE:ITGR) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,759,450 shares of the medical equipment provider’s stock after selling 36,476 shares during the quarter. BlackRock Inc. owned 0.15% of Integer worth $358,957,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new position in shares of Integer during the 1st quarter valued at about $30,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Integer during the 1st quarter valued at approximately $40,000. Financial Gravity Wealth Inc. bought a new position in Integer in the 1st quarter valued at $45,000. Financial Gravity Companies Inc. bought a new position in Integer in the 4th quarter valued at $49,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Integer by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the medical equipment provider’s stock worth $81,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

A number of equities research analysts recently weighed in on ITGR shares. ValuEngine cut Integer from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Royal Bank of Canada upped their price objective on Integer from $84.00 to $92.00 and gave the stock a “sector perform” rating in a research note on Monday, February 25th. Argus decreased their price objective on Integer from $90.00 to $4.29 and set an “average” rating for the company in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Integer from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective for the company in a research note on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $74.66.

In related news, SVP Anthony W. Borowicz sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $85.92, for a total transaction of $214,800.00. Following the sale, the senior vice president now directly owns 18,124 shares of the company’s stock, valued at $1,557,214.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James F. Hinrichs bought 3,750 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of $68.47 per share, for a total transaction of $256,762.50. Following the completion of the acquisition, the director now owns 6,549 shares of the company’s stock, valued at $448,410.03. The disclosure for this purchase can be found here. 2.24% of the stock is currently owned by corporate insiders.

Integer stock opened at $77.66 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.55 and a quick ratio of 1.49. Integer Holdings Corp has a one year low of $62.80 and a one year high of $92.61. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 20.44 and a beta of 0.84.

Integer (NYSE:ITGR) last released its quarterly earnings results on Thursday, May 2nd. The medical equipment provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The company had revenue of $314.70 million during the quarter, compared to analysts’ expectations of $302.29 million. Integer had a return on equity of 13.37% and a net margin of 14.67%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. As a group, equities analysts predict that Integer Holdings Corp will post 4.3 earnings per share for the current year.

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Integer Company Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.

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Institutional Ownership by Quarter for Integer (NYSE:ITGR)

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