William Blair Investment Management LLC Sells 86,737 Shares of Integer Holdings Co. (NYSE:ITGR)

William Blair Investment Management LLC reduced its holdings in Integer Holdings Co. (NYSE:ITGR) by 29.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,530 shares of the medical equipment provider’s stock after selling 86,737 shares during the quarter. William Blair Investment Management LLC owned 0.62% of Integer worth $23,914,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Westover Capital Advisors LLC increased its holdings in shares of Integer by 18.2% in the second quarter. Westover Capital Advisors LLC now owns 2,704 shares of the medical equipment provider’s stock worth $313,000 after acquiring an additional 417 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in shares of Integer by 4.6% in the second quarter. Zions Bancorporation N.A. now owns 22,084 shares of the medical equipment provider’s stock worth $2,557,000 after acquiring an additional 964 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Integer by 249.7% in the second quarter. American Century Companies Inc. now owns 15,710 shares of the medical equipment provider’s stock worth $1,819,000 after acquiring an additional 11,218 shares in the last quarter. Quest Partners LLC boosted its position in shares of Integer by 3,688.9% during the second quarter. Quest Partners LLC now owns 341 shares of the medical equipment provider’s stock worth $39,000 after buying an additional 332 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of Integer by 56.7% during the second quarter. Great Lakes Advisors LLC now owns 45,218 shares of the medical equipment provider’s stock worth $5,236,000 after buying an additional 16,355 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Integer in a research report on Friday, August 2nd. Citigroup increased their price target on Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Oppenheimer assumed coverage on Integer in a research report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.86.

Integer Stock Performance

ITGR opened at $126.78 on Monday. Integer Holdings Co. has a 12-month low of $69.40 and a 12-month high of $131.17. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 1.81 and a beta of 1.09. The business has a 50 day moving average of $121.78 and a 200-day moving average of $118.10. 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 released 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. The company had revenue of $436.20 million during the quarter, compared to analysts’ expectations of $437.00 million. Integer had a return on equity of 11.48% and a net margin of 6.31%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. On average, equities research analysts expect that Integer Holdings Co. will post 5.31 earnings per share for the current year.

Insider Transactions at Integer

In other news, Director Jean M. Hobby sold 11,960 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the transaction, the director now owns 2,280 shares in the company, valued at $272,824.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

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.