2,133 Shares in Integer Holdings Co. (NYSE:ITGR) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in Integer Holdings Co. (NYSE:ITGR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,133 shares of the medical equipment provider’s stock, valued at approximately $247,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Integer by 60.9% in the second 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. bought a new position in Integer in the fourth quarter worth about $67,000. Headlands Technologies LLC bought a new position in Integer in the first quarter worth about $106,000. Quadrant Capital Group LLC raised its holdings in Integer by 10.2% in the fourth 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 raised its holdings in Integer by 54.5% in the fourth 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. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Integer

In other Integer news, EVP John A. Harris sold 1,521 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total value of $183,189.24. Following the sale, the executive vice president now owns 4,922 shares in the company, valued at approximately $592,805.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Integer news, EVP John A. Harris sold 1,521 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total value of $183,189.24. Following the sale, the executive vice president now owns 4,922 shares in the company, valued at approximately $592,805.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the director now owns 2,280 shares in the company, valued at approximately $272,824.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on ITGR. Oppenheimer began coverage on shares of Integer in a report on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 target price for the company. Truist Financial began coverage on shares of Integer in a report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price objective on the stock. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Integer in a report on Friday, August 2nd. Finally, Citigroup upped their price objective on shares of Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Integer has an average rating of “Moderate Buy” and a consensus target price of $133.86.

Integer Price Performance

Shares of NYSE ITGR opened at $127.30 on Tuesday. The business’s 50 day moving average price is $118.41 and its 200 day moving average price is $115.67. The firm has a market cap of $4.27 billion, a P/E ratio of 44.05, a P/E/G ratio of 1.70 and a beta of 1.11. Integer Holdings Co. has a 52 week low of $69.40 and a 52 week high of $130.15. The company has a quick ratio of 1.96, a current ratio of 3.29 and a debt-to-equity ratio of 0.73.

Integer (NYSE:ITGR) last issued its earnings results on Thursday, July 25th. The medical equipment provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. The firm had revenue of $436.20 million for the quarter, compared to analyst estimates of $437.00 million. Integer had a return on equity of 11.48% and a net margin of 6.31%. Integer’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. On average, sell-side analysts expect that Integer Holdings Co. will post 5.31 earnings per share for the current year.

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.