Barings LLC Invests $922,000 in ICU Medical, Incorporated (ICUI) Stock

Barings LLC purchased a new stake in shares of ICU Medical, Incorporated (NASDAQ:ICUI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,140 shares of the medical instruments supplier’s stock, valued at approximately $922,000.

A number of other large investors have also recently modified their holdings of ICUI. Zeke Capital Advisors LLC purchased a new position in ICU Medical during the first quarter valued at approximately $200,000. Eagle Boston Investment Management Inc. purchased a new position in ICU Medical during the first quarter valued at approximately $206,000. LPL Financial LLC purchased a new position in ICU Medical during the first quarter valued at approximately $218,000. Campbell & CO Investment Adviser LLC purchased a new position in ICU Medical during the second quarter valued at approximately $230,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in ICU Medical during the second quarter valued at approximately $235,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on ICUI. Zacks Investment Research raised shares of ICU Medical from a “hold” rating to a “strong-buy” rating and set a $311.00 price target on the stock in a report on Wednesday, May 16th. TheStreet downgraded shares of ICU Medical from an “a” rating to a “c+” rating in a report on Wednesday, May 9th. ValuEngine raised shares of ICU Medical from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Finally, BidaskClub raised shares of ICU Medical from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 28th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. ICU Medical presently has an average rating of “Buy” and an average target price of $311.00.



ICU Medical stock opened at $293.20 on Wednesday. The company has a market cap of $5.94 billion, a PE ratio of 53.12 and a beta of 0.36. ICU Medical, Incorporated has a 1 year low of $166.80 and a 1 year high of $321.70.

ICU Medical (NASDAQ:ICUI) last released its quarterly earnings data on Thursday, August 9th. The medical instruments supplier reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.84. The firm had revenue of $360.46 million for the quarter, compared to analysts’ expectations of $337.60 million. ICU Medical had a net margin of 5.93% and a return on equity of 12.78%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. sell-side analysts expect that ICU Medical, Incorporated will post 6.66 EPS for the current year.

In other news, VP Alison D. Burcar sold 21,311 shares of ICU Medical stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $302.82, for a total transaction of $6,453,397.02. Following the sale, the vice president now owns 21,311 shares in the company, valued at $6,453,397.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Alison D. Burcar sold 77,227 shares of ICU Medical stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $302.00, for a total transaction of $23,322,554.00. Following the sale, the vice president now owns 21,311 shares in the company, valued at approximately $6,435,922. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,244 shares of company stock worth $53,286,743. Company insiders own 12.50% of the company’s stock.

About ICU Medical

ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein.

Further Reading: Book Value Per Share in Stock Trading

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Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

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