Global Retirement Partners LLC Purchases 1,801 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Global Retirement Partners LLC increased its position in GE HealthCare Technologies Inc. (NASDAQ:GEHCFree Report) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,244 shares of the company’s stock after purchasing an additional 1,801 shares during the quarter. Global Retirement Partners LLC’s holdings in GE HealthCare Technologies were worth $618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEHC. Blue Trust Inc. raised its stake in shares of GE HealthCare Technologies by 28.2% during the fourth quarter. Blue Trust Inc. now owns 2,067 shares of the company’s stock worth $160,000 after buying an additional 455 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of GE HealthCare Technologies during the 4th quarter valued at $374,000. SeaCrest Wealth Management LLC lifted its stake in shares of GE HealthCare Technologies by 12.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 18,478 shares of the company’s stock valued at $1,416,000 after purchasing an additional 2,057 shares during the period. Procyon Advisors LLC grew its stake in shares of GE HealthCare Technologies by 5.2% during the fourth quarter. Procyon Advisors LLC now owns 3,555 shares of the company’s stock worth $275,000 after purchasing an additional 175 shares during the period. Finally, Next Level Private LLC bought a new stake in GE HealthCare Technologies in the fourth quarter valued at about $211,000. 82.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GEHC has been the subject of several analyst reports. Morgan Stanley boosted their target price on GE HealthCare Technologies from $74.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. HSBC began coverage on shares of GE HealthCare Technologies in a research note on Thursday, February 15th. They issued a “buy” rating and a $100.00 target price for the company. Mizuho boosted their price target on shares of GE HealthCare Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, UBS Group raised GE HealthCare Technologies from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $88.00 in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.73.

Check Out Our Latest Analysis on GE HealthCare Technologies

GE HealthCare Technologies Trading Up 0.7 %

NASDAQ:GEHC opened at $90.91 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. GE HealthCare Technologies Inc. has a twelve month low of $62.35 and a twelve month high of $94.50. The company has a market cap of $41.40 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. The business has a 50 day moving average price of $85.38 and a two-hundred day moving average price of $75.82.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts expect that GE HealthCare Technologies Inc. will post 4.3 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.12 annualized dividend and a yield of 0.13%. GE HealthCare Technologies’s payout ratio is presently 3.97%.

GE HealthCare Technologies Company Profile

(Free Report)

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.

See Also

Institutional Ownership by Quarter for GE HealthCare Technologies (NASDAQ:GEHC)

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