Integer Holdings Co. (NYSE:ITGR) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its stake in Integer Holdings Co. (NYSE:ITGR) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,227 shares of the medical equipment provider’s stock after selling 3,073 shares during the period. Orion Portfolio Solutions LLC’s holdings in Integer were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its position in Integer by 4.4% during the fourth quarter. Blue Trust Inc. now owns 1,689 shares of the medical equipment provider’s stock valued at $220,000 after buying an additional 71 shares during the period. Arizona State Retirement System grew its position in shares of Integer by 0.9% during the 4th quarter. Arizona State Retirement System now owns 9,732 shares of the medical equipment provider’s stock valued at $1,290,000 after acquiring an additional 84 shares during the period. HighTower Advisors LLC increased its stake in shares of Integer by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 12,041 shares of the medical equipment provider’s stock valued at $1,579,000 after purchasing an additional 90 shares in the last quarter. Norden Group LLC raised its holdings in Integer by 7.0% in the 4th quarter. Norden Group LLC now owns 1,668 shares of the medical equipment provider’s stock worth $221,000 after purchasing an additional 109 shares during the period. Finally, Corient Private Wealth LLC boosted its position in Integer by 6.4% during the fourth quarter. Corient Private Wealth LLC now owns 1,969 shares of the medical equipment provider’s stock worth $261,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Stock Down 1.9 %

Shares of NYSE ITGR opened at $113.87 on Friday. The stock has a market cap of $3.83 billion, a PE ratio of 33.89, a P/E/G ratio of 1.72 and a beta of 1.24. The company has a current ratio of 2.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62. Integer Holdings Co. has a 12-month low of $107.11 and a 12-month high of $146.36. The company has a 50-day moving average of $128.00 and a 200 day moving average of $131.69.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, February 20th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Integer had a net margin of 6.92% and a return on equity of 11.65%. The company had revenue of $449.50 million during the quarter, compared to analysts’ expectations of $446.28 million. As a group, sell-side analysts predict that Integer Holdings Co. will post 6.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark boosted their price objective on Integer from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Raymond James began coverage on shares of Integer in a report on Friday, March 28th. They issued an “outperform” rating and a $145.00 price target for the company. KeyCorp increased their price objective on shares of Integer from $144.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Oppenheimer cut shares of Integer from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Citigroup raised their price target on shares of Integer from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Integer presently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

About Integer

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.