Retirement Systems of Alabama Has $4.79 Million Stock Position in STERIS plc (NYSE:STE)

Retirement Systems of Alabama reduced its holdings in STERIS plc (NYSE:STE) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 21,775 shares of the medical equipment provider’s stock after selling 532 shares during the period. Retirement Systems of Alabama’s holdings in STERIS were worth $4,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STE. Millburn Ridgefield Corp acquired a new stake in shares of STERIS during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of STERIS during the third quarter worth $25,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of STERIS during the third quarter worth $49,000. NBC Securities Inc. acquired a new stake in shares of STERIS during the third quarter worth $50,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of STERIS during the third quarter worth $54,000. 94.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $265.00 price objective on shares of STERIS in a research report on Thursday, February 8th. StockNews.com cut shares of STERIS from a “buy” rating to a “hold” rating in a report on Friday. TheStreet upgraded shares of STERIS from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Stephens restated an “overweight” rating and issued a $250.00 price target on shares of STERIS in a report on Friday, February 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of STERIS in a report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, STERIS has a consensus rating of “Hold” and a consensus price target of $239.60.

STERIS Stock Up 0.8 %

STERIS stock opened at $207.82 on Monday. STERIS plc has a 1-year low of $185.22 and a 1-year high of $254.00. The firm has a market capitalization of $20.53 billion, a price-to-earnings ratio of 36.40 and a beta of 0.81. The firm’s fifty day moving average price is $218.46 and its two-hundred day moving average price is $216.09. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.50.

STERIS (NYSE:STE) last released its quarterly earnings data on Wednesday, February 7th. The medical equipment provider reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.05. STERIS had a net margin of 10.48% and a return on equity of 13.67%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm earned $2.02 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts predict that STERIS plc will post 8.67 earnings per share for the current fiscal year.

STERIS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, June 12th. STERIS’s dividend payout ratio (DPR) is 36.43%.

About STERIS

STERIS plc provides infection prevention products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services.