Integer Holdings Co. (NYSE:ITGR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in Integer Holdings Co. (NYSE:ITGR) by 43.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,314 shares of the medical equipment provider’s stock after selling 11,666 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Integer were worth $1,773,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Integer by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,826,088 shares of the medical equipment provider’s stock valued at $446,428,000 after purchasing an additional 23,382 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in Integer by 7.5% in the first quarter. Congress Asset Management Co. MA now owns 453,260 shares of the medical equipment provider’s stock valued at $52,886,000 after purchasing an additional 31,736 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Integer by 0.3% in the second quarter. Tributary Capital Management LLC now owns 286,449 shares of the medical equipment provider’s stock valued at $33,168,000 after purchasing an additional 772 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Integer by 3,260.1% during the fourth 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 during the last quarter. Finally, Norges Bank acquired a new stake in shares of Integer during the fourth quarter valued at $18,697,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

ITGR has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Integer in a research note on Friday, August 2nd. Oppenheimer initiated coverage on Integer in a research note on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.86.

Integer Stock Down 1.0 %

Shares of NYSE:ITGR opened at $127.09 on Wednesday. The stock’s 50-day moving average price is $123.20 and its two-hundred day moving average price is $118.83. The company has a current ratio of 3.29, a quick ratio of 1.96 and a debt-to-equity ratio of 0.73. Integer Holdings Co. has a 12-month low of $69.40 and a 12-month high of $131.87. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 1.81 and a beta of 1.09.

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

Insiders Place Their Bets

In other news, Director Jean M. Hobby sold 11,960 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total value of $1,431,133.60. Following the transaction, the director now directly owns 2,280 shares in the company, valued at approximately $272,824.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Integer 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.