Mitsubishi UFJ Asset Management Co. Ltd. Purchases 10,428 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in The Cooper Companies, Inc. (NASDAQ:COO) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 306,992 shares of the medical device company’s stock after purchasing an additional 10,428 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Cooper Companies worth $28,179,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of COO. Byrne Asset Management LLC acquired a new position in shares of Cooper Companies in the 4th quarter worth approximately $33,000. OFI Invest Asset Management acquired a new position in Cooper Companies during the fourth quarter worth $34,000. West Financial Advisors LLC bought a new position in shares of Cooper Companies during the fourth quarter valued at $49,000. Atala Financial Inc acquired a new stake in shares of Cooper Companies in the 4th quarter valued at $51,000. Finally, UMB Bank n.a. grew its holdings in shares of Cooper Companies by 22.5% in the 4th quarter. UMB Bank n.a. now owns 773 shares of the medical device company’s stock worth $71,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Cooper Companies Price Performance

Shares of COO stock opened at $83.77 on Monday. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 42.96, a PEG ratio of 2.25 and a beta of 1.02. The Cooper Companies, Inc. has a 12 month low of $77.05 and a 12 month 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 stock has a 50-day moving average price of $89.33 and a 200 day moving average price of $97.21.

Cooper Companies (NASDAQ:COO) last issued 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 net margin of 10.07% and a return on equity of 9.38%. The company had revenue of $964.70 million during the quarter, compared to analysts’ expectations of $981.25 million. Research analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on COO shares. JPMorgan Chase & Co. cut their price target on shares of Cooper Companies from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Wells Fargo & Company lifted their target price on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BNP Paribas raised Cooper Companies to a “hold” rating in a report on Thursday, March 13th. StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley reduced their price objective on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.25.

Cooper Companies 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.