Teachers Retirement System of The State of Kentucky lessened its holdings in shares of ICU Medical, Incorporated (NASDAQ:ICUI) by 28.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,279 shares of the medical instruments supplier’s stock after selling 2,896 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ICU Medical were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in shares of ICU Medical during the third quarter worth $186,000. Mackay Shields LLC purchased a new position in shares of ICU Medical during the second quarter worth $205,000. CIBC Asset Management Inc purchased a new position in shares of ICU Medical during the second quarter worth $209,000. MML Investors Services LLC purchased a new position in shares of ICU Medical during the third quarter worth $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ICU Medical during the second quarter worth $235,000. 74.49% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Pfizer Inc sold 2,500,000 shares of ICU Medical stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $209.25, for a total value of $523,125,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Virginia Ruth Sanzone sold 787 shares of ICU Medical stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $303.12, for a total transaction of $238,555.44. Following the completion of the sale, the vice president now owns 1,367 shares in the company, valued at approximately $414,365.04. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.
ICUI stock opened at $233.16 on Friday. The firm has a market cap of $4.78 billion, a P/E ratio of 26.62 and a beta of 0.65. ICU Medical, Incorporated has a one year low of $201.65 and a one year high of $321.70.
ICU Medical (NASDAQ:ICUI) last released its quarterly earnings results on Thursday, November 8th. The medical instruments supplier reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.34. The company had revenue of $327.20 million for the quarter, compared to analyst estimates of $334.97 million. ICU Medical had a net margin of 6.00% and a return on equity of 15.20%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.12 earnings per share. Equities analysts expect that ICU Medical, Incorporated will post 7.76 EPS for the current year.
ICU Medical Company 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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