Zimmer Biomet Holdings Inc (NYSE:ZBH) VP Chad F. Phipps sold 20,826 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $115.95, for a total value of $2,414,774.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Zimmer Biomet Holdings Inc (ZBH) opened at $119.79 on Friday. The firm has a market capitalization of $24,250.00, a P/E ratio of 13.28, a PEG ratio of 2.04 and a beta of 1.08. Zimmer Biomet Holdings Inc has a 1 year low of $108.03 and a 1 year high of $133.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 0.83.
Zimmer Biomet (NYSE:ZBH) last released its earnings results on Tuesday, January 30th. The medical equipment provider reported $2.10 earnings per share for the quarter, meeting the consensus estimate of $2.10. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.03 billion. Zimmer Biomet had a return on equity of 15.45% and a net margin of 23.51%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 earnings per share. sell-side analysts expect that Zimmer Biomet Holdings Inc will post 7.82 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Friday, December 29th were given a $0.24 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.80%. Zimmer Biomet’s dividend payout ratio (DPR) is presently 10.64%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in Zimmer Biomet by 18.6% during the third quarter. Private Advisor Group LLC now owns 6,733 shares of the medical equipment provider’s stock worth $791,000 after buying an additional 1,057 shares in the last quarter. Ingalls & Snyder LLC lifted its position in Zimmer Biomet by 2.6% during the third quarter. Ingalls & Snyder LLC now owns 19,675 shares of the medical equipment provider’s stock worth $2,304,000 after buying an additional 507 shares in the last quarter. Jana Partners LLC lifted its position in Zimmer Biomet by 16.6% during the third quarter. Jana Partners LLC now owns 4,662,497 shares of the medical equipment provider’s stock worth $545,932,000 after buying an additional 662,497 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Zimmer Biomet by 10.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,444 shares of the medical equipment provider’s stock worth $1,925,000 after buying an additional 1,494 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Zimmer Biomet during the third quarter worth approximately $370,000. Institutional investors and hedge funds own 86.36% of the company’s stock.
Several analysts recently commented on the company. Jefferies Group reaffirmed a “buy” rating and set a $136.00 target price on shares of Zimmer Biomet in a report on Friday, November 3rd. SunTrust Banks raised their target price on Zimmer Biomet to $142.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price target on shares of Zimmer Biomet in a research report on Friday, November 3rd. TheStreet downgraded Zimmer Biomet from a “b-” rating to a “c+” rating in a research report on Friday, November 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Zimmer Biomet in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Zimmer Biomet currently has a consensus rating of “Buy” and a consensus price target of $141.67.
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About Zimmer Biomet
Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.
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