Zimmer Biomet Holdings Inc (NYSE:ZBH) insider Bryan C. Hanson acquired 25,077 shares of Zimmer Biomet stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $119.68 per share, with a total value of $3,001,215.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Zimmer Biomet Holdings Inc (ZBH) opened at $118.68 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.52 and a quick ratio of 0.83. The firm has a market cap of $24,030.00, a price-to-earnings ratio of 45.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08. Zimmer Biomet Holdings Inc has a one year low of $108.03 and a one year high of $133.49.
Zimmer Biomet (NYSE:ZBH) last posted its quarterly earnings results on Tuesday, January 30th. The medical equipment provider reported $2.10 earnings per share for the quarter, hitting the consensus estimate of $2.10. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.03 billion. Zimmer Biomet had a net margin of 23.51% and a return on equity of 15.45%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. equities analysts anticipate that Zimmer Biomet Holdings Inc will post 7.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, December 29th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, December 28th. Zimmer Biomet’s dividend payout ratio is presently 36.50%.
A number of research analysts have recently commented on ZBH shares. Goldman Sachs Group upgraded shares of Zimmer Biomet from a “sell” rating to a “neutral” rating and set a $125.00 price target for the company in a research report on Tuesday, December 19th. Stifel Nicolaus upgraded shares of Zimmer Biomet from a “hold” rating to a “buy” rating and boosted their price target for the company from $120.00 to $168.00 in a research report on Wednesday, January 31st. Canaccord Genuity restated a “hold” rating and set a $132.00 price target on shares of Zimmer Biomet in a research report on Friday, January 5th. Robert W. Baird restated a “buy” rating on shares of Zimmer Biomet in a research report on Wednesday, January 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $142.00 price target on shares of Zimmer Biomet in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $141.67.
A number of institutional investors have recently bought and sold shares of the business. Bank of Nova Scotia Trust Co. bought a new position in shares of Zimmer Biomet during the third quarter valued at about $112,000. FNY Managed Accounts LLC bought a new position in shares of Zimmer Biomet during the third quarter valued at about $117,000. Cerebellum GP LLC bought a new position in shares of Zimmer Biomet during the fourth quarter valued at about $133,000. We Are One Seven LLC bought a new position in shares of Zimmer Biomet during the fourth quarter valued at about $137,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Zimmer Biomet during the third quarter valued at about $140,000. 88.18% of the stock is owned by institutional investors and hedge funds.
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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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