Quantbot Technologies LP Takes $522,000 Position in Steris PLC (STE)

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Quantbot Technologies LP purchased a new stake in Steris PLC (NYSE:STE) during the third quarter, HoldingsChannel.com reports. The fund purchased 4,563 shares of the medical equipment provider’s stock, valued at approximately $522,000.

A number of other institutional investors have also bought and sold shares of STE. Steward Partners Investment Advisory LLC raised its stake in Steris by 118.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 909 shares of the medical equipment provider’s stock valued at $104,000 after buying an additional 492 shares in the last quarter. First Hawaiian Bank acquired a new stake in Steris in the third quarter valued at $106,000. Point72 Hong Kong Ltd acquired a new stake in Steris in the second quarter valued at $116,000. Fort L.P. acquired a new stake in Steris in the second quarter valued at $121,000. Finally, Parallel Advisors LLC raised its stake in Steris by 480.4% in the third quarter. Parallel Advisors LLC now owns 1,364 shares of the medical equipment provider’s stock valued at $156,000 after buying an additional 1,129 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.

Shares of STE stock opened at $113.94 on Friday. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 26.48 and a beta of 1.05. Steris PLC has a 1 year low of $82.88 and a 1 year high of $121.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.01 and a current ratio of 2.63.

Steris (NYSE:STE) last issued its quarterly earnings data on Tuesday, November 6th. The medical equipment provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.02. The company had revenue of $679.00 million for the quarter, compared to analyst estimates of $659.14 million. Steris had a return on equity of 12.15% and a net margin of 11.72%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. Analysts predict that Steris PLC will post 4.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Tuesday, November 27th. Steris’s payout ratio is 32.77%.

In other Steris news, CEO Walter M. Rosebrough, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $120.50, for a total transaction of $1,205,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Tokich sold 34,500 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $119.16, for a total value of $4,111,020.00. Following the transaction, the insider now directly owns 64,958 shares in the company, valued at approximately $7,740,395.28. The disclosure for this sale can be found here. Company insiders own 2.38% of the company’s stock.

STE has been the topic of a number of analyst reports. Zacks Investment Research upgraded Steris from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Sidoti raised their price target on Steris from $155.00 to $157.00 and gave the company a “buy” rating in a research note on Thursday. Finally, KeyCorp raised their price target on Steris from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $124.71.

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Steris Company Profile

STERIS plc provides infection prevention and other procedural products and services worldwide. The company operates in four segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. The Healthcare Products segment offers cleaning chemistries and sterility assurance products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operations of a sterile processing department; and equipment used in the operating room, including surgical tables, lights, equipment management services, and connectivity solutions.

Further Reading: Different Types of Derivatives

Want to see what other hedge funds are holding STE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steris PLC (NYSE:STE).

Institutional Ownership by Quarter for Steris (NYSE:STE)

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