Starr International Co. Inc. acquired a new stake in shares of ICU Medical, Incorporated (NASDAQ:ICUI) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 918 shares of the medical instruments supplier’s stock, valued at approximately $220,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in shares of ICU Medical by 475.0% during the fourth quarter. Advisory Services Network LLC now owns 115 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 95 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of ICU Medical during the fourth quarter valued at $32,000. Berman Capital Advisors LLC purchased a new stake in shares of ICU Medical during the fourth quarter valued at $33,000. CX Institutional purchased a new stake in shares of ICU Medical during the first quarter valued at $34,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of ICU Medical during the fourth quarter valued at $45,000. 89.62% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on ICUI shares. BidaskClub raised ICU Medical from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Raymond James reduced their price objective on ICU Medical from $315.00 to $300.00 and set a “strong-buy” rating for the company in a research note on Friday, March 1st. TheStreet raised ICU Medical from a “c+” rating to a “b” rating in a research note on Friday, May 10th. Finally, Zacks Investment Research downgraded ICU Medical from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. ICU Medical presently has an average rating of “Buy” and a consensus price target of $281.00.
In related news, COO Christian B. Voigtlander sold 5,348 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $227.59, for a total transaction of $1,217,151.32. Following the completion of the transaction, the chief operating officer now owns 4,732 shares in the company, valued at approximately $1,076,955.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Swinney sold 229 shares of ICU Medical stock in a transaction on Friday, April 12th. The shares were sold at an average price of $231.43, for a total value of $52,997.47. Following the completion of the sale, the director now directly owns 18,076 shares of the company’s stock, valued at $4,183,328.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,318 shares of company stock worth $2,839,576. 11.40% of the stock is currently owned by insiders.
ICUI stock traded up $1.16 during mid-day trading on Friday, hitting $225.66. The stock had a trading volume of 105,921 shares, compared to its average volume of 187,412. ICU Medical, Incorporated has a 1-year low of $210.94 and a 1-year high of $321.70. The firm has a market cap of $4.66 billion, a P/E ratio of 29.27 and a beta of 0.69.
ICU Medical (NASDAQ:ICUI) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.39. The business had revenue of $330.93 million for the quarter, compared to analyst estimates of $318.97 million. ICU Medical had a return on equity of 13.70% and a net margin of 4.04%. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.26 EPS. As a group, sell-side analysts forecast that ICU Medical, Incorporated will post 8.55 earnings per share for the current fiscal year.
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ICU Medical Profile
ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein.
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