Integer Holdings Co. (NYSE:ITGR) insider Declan Smyth sold 1,112 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $49,917.68. Following the sale, the insider now directly owns 11,656 shares in the company, valued at approximately $523,237.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Integer Holdings Co. (ITGR) traded down $0.55 during trading on Friday, hitting $48.55. 62,857 shares of the stock were exchanged, compared to its average volume of 136,717. Integer Holdings Co. has a 1 year low of $29.40 and a 1 year high of $55.20. The company has a market cap of $1,554.99, a P/E ratio of 18.05, a P/E/G ratio of 1.03 and a beta of 1.08. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95.
Integer (NYSE:ITGR) last released its earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $363.31 million during the quarter, compared to the consensus estimate of $354.83 million. Integer had a net margin of 1.42% and a return on equity of 11.22%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. research analysts expect that Integer Holdings Co. will post 2.62 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on ITGR shares. Northcoast Research lowered shares of Integer from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. TheStreet lowered shares of Integer from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. BidaskClub downgraded shares of Integer from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Integer in a research report on Friday, September 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $62.00 price objective (up from $51.00) on shares of Integer in a research report on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Integer presently has an average rating of “Hold” and a consensus price target of $51.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its holdings in Integer by 411.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after buying an additional 1,636 shares during the period. Zions Bancorporation bought a new position in Integer in the 3rd quarter worth approximately $174,000. Amalgamated Bank bought a new position in Integer in the 3rd quarter worth approximately $212,000. Bessemer Group Inc. bought a new position in Integer in the 3rd quarter worth approximately $220,000. Finally, Piedmont Investment Advisors LLC bought a new position in Integer in the 2nd quarter worth approximately $260,000. 95.02% of the stock is owned by institutional investors.
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Integer Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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