Franklin Resources Inc. trimmed its position in shares of Integer Holdings Co. (NYSE:ITGR) by 17.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,778,377 shares of the medical equipment provider’s stock after selling 370,636 shares during the period. Franklin Resources Inc. owned about 0.05% of Integer worth $167,523,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in shares of Integer by 15.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 891 shares of the medical equipment provider’s stock valued at $82,000 after purchasing an additional 117 shares in the last quarter. Captrust Financial Advisors raised its stake in Integer by 1,798.5% during the 1st quarter. Captrust Financial Advisors now owns 1,234 shares of the medical equipment provider’s stock worth $114,000 after acquiring an additional 1,169 shares in the last quarter. MML Investors Services LLC acquired a new stake in Integer during the 1st quarter worth $217,000. Campbell & CO Investment Adviser LLC acquired a new stake in Integer during the 2nd quarter worth $226,000. Finally, Virtu Financial LLC acquired a new stake in Integer during the 1st quarter worth $228,000. Institutional investors own 98.43% of the company’s stock.
In related news, insider Carter Houghton sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 4th. The shares were sold at an average price of $93.55, for a total transaction of $233,875.00. Following the sale, the insider now owns 2,708 shares of the company’s stock, valued at $253,333.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bill R. Sanford sold 10,527 shares of the firm’s stock in a transaction on Friday, August 20th. The stock was sold at an average price of $96.63, for a total value of $1,017,224.01. Following the sale, the director now owns 51,436 shares in the company, valued at approximately $4,970,260.68. The disclosure for this sale can be found here. Insiders have sold a total of 16,772 shares of company stock worth $1,596,670 over the last three months. 2.08% of the stock is currently owned by insiders.
Shares of Integer stock opened at $87.34 on Thursday. Integer Holdings Co. has a 1 year low of $54.37 and a 1 year high of $101.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.65. The company has a market capitalization of $2.88 billion, a P/E ratio of 29.81 and a beta of 1.42. The company’s fifty day moving average is $93.30 and its two-hundred day moving average is $92.66.
Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, July 29th. The medical equipment provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.16. Integer had a net margin of 8.73% and a return on equity of 8.46%. The company had revenue of $312.02 million for the quarter, compared to the consensus estimate of $292.50 million. As a group, equities analysts expect that Integer Holdings Co. will post 3.98 earnings per share for the current year.
Integer Company Profile
Integer Holdings Corp. engages in the manufacture and development of medical devices and components. It operates through the Medical and Non-Medical segments. The Medical segment includes the cardio and vascular, cardiac and neuromodulation, surgical, orthopedics, and portable medical product lines. The Non-Medical segment comprises customized battery power and management systems, charging and docking stations, and power supplies.
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