Oregon Public Employees Retirement Fund Sells 849 Shares of Integer Holdings Co. (NYSE:ITGR)

Oregon Public Employees Retirement Fund decreased its holdings in Integer Holdings Co. (NYSE:ITGR) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,122 shares of the medical equipment provider’s stock after selling 849 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Integer were worth $940,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ITGR. Public Employees Retirement Association of Colorado lifted its position in Integer by 3,260.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 285,439 shares of the medical equipment provider’s stock valued at $28,281,000 after acquiring an additional 276,944 shares in the last quarter. Norges Bank bought a new position in shares of Integer during the 4th quarter worth approximately $18,697,000. F M Investments LLC bought a new position in shares of Integer during the 2nd quarter worth approximately $11,143,000. Congress Asset Management Co. MA lifted its position in shares of Integer by 12.5% during the 4th quarter. Congress Asset Management Co. MA now owns 421,524 shares of the medical equipment provider’s stock worth $41,765,000 after buying an additional 46,776 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Integer during the 4th quarter worth approximately $2,684,000. Institutional investors own 99.29% of the company’s stock.

Integer Trading Down 3.6 %

NYSE:ITGR opened at $124.42 on Tuesday. The company has a current ratio of 3.29, a quick ratio of 1.96 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $4.17 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. The firm’s 50 day moving average is $121.01 and its 200 day moving average is $117.52. Integer Holdings Co. has a 12 month low of $69.40 and a 12 month high of $131.17.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, July 25th. The medical equipment provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.06. Integer had a net margin of 6.31% and a return on equity of 11.48%. The company had revenue of $436.20 million for the quarter, compared to analysts’ expectations of $437.00 million. During the same quarter in the previous year, the firm posted $1.14 EPS. Integer’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts expect that Integer Holdings Co. will post 5.31 earnings per share for the current year.

Insider Buying and Selling at Integer

In other Integer news, Director Jean M. Hobby sold 11,960 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the sale, the director now owns 2,280 shares of the company’s stock, valued at approximately $272,824.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

ITGR has been the topic of several recent analyst reports. Truist Financial initiated coverage on shares of Integer in a research report on Wednesday, May 15th. They set a “buy” rating and a $137.00 target price on the stock. Oppenheimer initiated coverage on shares of Integer in a research report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 target price on the stock. Citigroup lifted their target price on shares of Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Integer in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.86.

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.