Louisiana State Employees Retirement System Has $1.96 Million Stock Position in Integer Holdings Co. (NYSE:ITGR)

Louisiana State Employees Retirement System boosted its stake in Integer Holdings Co. (NYSE:ITGR) by 2.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,900 shares of the medical equipment provider’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System owned approximately 0.05% of Integer worth $1,957,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Integer by 60.9% during the 2nd quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock worth $43,000 after purchasing an additional 142 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Integer during the 4th quarter worth approximately $67,000. Headlands Technologies LLC acquired a new position in shares of Integer during the 1st quarter worth approximately $106,000. Quadrant Capital Group LLC grew its position in shares of Integer by 10.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,427 shares of the medical equipment provider’s stock worth $141,000 after purchasing an additional 132 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Integer by 54.5% during the 4th quarter. Strs Ohio now owns 1,700 shares of the medical equipment provider’s stock worth $168,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Price Performance

Shares of NYSE:ITGR opened at $126.74 on Friday. The firm has a market cap of $4.25 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 1.70 and a beta of 1.11. The firm’s fifty day moving average is $118.21 and its 200-day moving average is $115.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.96 and a current ratio of 3.29. Integer Holdings Co. has a 52 week low of $69.40 and a 52 week high of $130.15.

Integer (NYSE:ITGR) last issued 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. The company had revenue of $436.20 million for the quarter, compared to analyst estimates of $437.00 million. Integer had a net margin of 6.31% and a return on equity of 11.48%. Integer’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. Sell-side analysts predict that Integer Holdings Co. will post 5.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Integer in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Integer in a research note on Friday, August 2nd. Truist Financial initiated coverage on shares of Integer in a research note on Wednesday, May 15th. They set a “buy” rating and a $137.00 target price on the stock. Finally, Citigroup boosted their target price on shares of Integer from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.86.

Insider Activity at Integer

In related news, EVP John A. Harris sold 1,521 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $120.44, for a total value of $183,189.24. Following the transaction, the executive vice president now owns 4,922 shares in the company, valued at $592,805.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Integer news, Director Jean M. Hobby sold 11,960 shares of Integer stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total value of $1,431,133.60. Following the completion of the sale, the director now directly owns 2,280 shares of the company’s stock, valued at $272,824.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John A. Harris sold 1,521 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total transaction of $183,189.24. Following the sale, the executive vice president now directly owns 4,922 shares of the company’s stock, valued at $592,805.68. The disclosure for this sale can be found here. 2.00% of the stock is owned by company 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.