Public Sector Pension Investment Board Acquires 5,358 Shares of Integer Holdings Co. (NYSE:ITGR)

Public Sector Pension Investment Board lifted its holdings in Integer Holdings Co. (NYSE:ITGR) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,672 shares of the medical equipment provider’s stock after purchasing an additional 5,358 shares during the period. Public Sector Pension Investment Board owned 0.22% of Integer worth $8,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its stake in shares of Integer by 3,260.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 285,439 shares of the medical equipment provider’s stock worth $28,281,000 after buying an additional 276,944 shares during the last quarter. Norges Bank acquired a new position in Integer during the 4th quarter worth $18,697,000. F M Investments LLC bought a new stake in Integer during the second quarter valued at about $11,143,000. Congress Asset Management Co. MA increased its stake in shares of Integer by 12.5% in the fourth quarter. Congress Asset Management Co. MA now owns 421,524 shares of the medical equipment provider’s stock worth $41,765,000 after purchasing an additional 46,776 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Integer by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,826,088 shares of the medical equipment provider’s stock worth $446,428,000 after purchasing an additional 23,382 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ITGR shares. Oppenheimer began coverage on Integer in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Integer in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Integer has an average rating of “Moderate Buy” and a consensus target price of $133.86.

Integer Stock Performance

Shares of NYSE ITGR opened at $127.09 on Wednesday. The firm has a market capitalization 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 Holdings Co. has a one year low of $69.40 and a one year high of $131.87. The business has a fifty day simple moving average of $123.20 and a 200 day simple moving average of $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 (NYSE:ITGR) last announced its quarterly earnings data on Thursday, July 25th. The medical equipment provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. Integer had a net margin of 6.31% and a return on equity of 11.48%. The company had revenue of $436.20 million during the quarter, compared to analysts’ expectations of $437.00 million. During the same quarter in the prior year, the company posted $1.14 EPS. The business’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts expect 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 company’s stock in a transaction that occurred on 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 sale, the director now directly owns 2,280 shares in the company, valued at approximately $272,824.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.