Captrust Financial Advisors Purchases 726 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Captrust Financial Advisors raised its position in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,542 shares of the medical device company’s stock after acquiring an additional 726 shares during the period. Captrust Financial Advisors’ holdings in Cooper Companies were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in Cooper Companies during the 4th quarter valued at $33,000. OFI Invest Asset Management purchased a new stake in shares of Cooper Companies in the fourth quarter valued at $34,000. New Age Alpha Advisors LLC bought a new stake in shares of Cooper Companies in the 4th quarter worth about $38,000. Covestor Ltd boosted its stake in shares of Cooper Companies by 35.5% during the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company’s stock worth $42,000 after purchasing an additional 120 shares during the period. Finally, Atala Financial Inc bought a new position in Cooper Companies during the 4th quarter valued at about $51,000. 24.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on COO. Piper Sandler restated an “overweight” rating and set a $115.00 target price (down previously from $120.00) on shares of Cooper Companies in a research report on Friday, March 7th. JPMorgan Chase & Co. cut their price objective on Cooper Companies from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus decreased their target price on Cooper Companies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Citigroup lowered their target price on shares of Cooper Companies from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, BNP Paribas raised shares of Cooper Companies to a “hold” rating in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.25.

Cooper Companies Stock Performance

Shares of COO stock opened at $81.91 on Tuesday. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 2.25 and a beta of 1.08. The Cooper Companies, Inc. has a 52-week low of $69.81 and a 52-week high of $112.38. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $80.25 and its 200 day moving average is $89.83.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The firm had revenue of $964.70 million during the quarter, compared to analyst estimates of $981.25 million. On average, sell-side analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

Cooper Companies Company Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.