ICU Medical, Inc. $ICUI Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in shares of ICU Medical, Inc. (NASDAQ:ICUI) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,270 shares of the medical instruments supplier’s stock after purchasing an additional 12,412 shares during the period. Public Sector Pension Investment Board owned about 0.39% of ICU Medical worth $11,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICUI. State Street Corp lifted its position in shares of ICU Medical by 3.2% in the second quarter. State Street Corp now owns 927,799 shares of the medical instruments supplier’s stock valued at $122,609,000 after acquiring an additional 28,491 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ICU Medical by 7.7% in the second quarter. JPMorgan Chase & Co. now owns 756,383 shares of the medical instruments supplier’s stock valued at $99,956,000 after buying an additional 53,896 shares during the last quarter. River Road Asset Management LLC lifted its stake in shares of ICU Medical by 207.0% during the second quarter. River Road Asset Management LLC now owns 651,492 shares of the medical instruments supplier’s stock valued at $83,658,000 after buying an additional 439,263 shares during the period. Schroder Investment Management Group lifted its stake in shares of ICU Medical by 2.3% during the second quarter. Schroder Investment Management Group now owns 636,324 shares of the medical instruments supplier’s stock valued at $84,090,000 after buying an additional 14,376 shares during the period. Finally, Geode Capital Management LLC boosted its position in ICU Medical by 5.6% during the second quarter. Geode Capital Management LLC now owns 604,094 shares of the medical instruments supplier’s stock worth $79,840,000 after acquiring an additional 31,784 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

ICU Medical Stock Performance

Shares of NASDAQ:ICUI opened at $144.90 on Monday. The business has a 50-day moving average of $148.95 and a two-hundred day moving average of $135.21. The firm has a market capitalization of $3.58 billion, a PE ratio of -467.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.45 and a quick ratio of 1.19. ICU Medical, Inc. has a 12 month low of $107.00 and a 12 month high of $165.17.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ICUI shares. KeyCorp boosted their price target on ICU Medical from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ICU Medical in a research report on Thursday, January 22nd. Wall Street Zen upgraded ICU Medical from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Piper Sandler lifted their price target on ICU Medical from $153.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.67.

ICU Medical Profile

ICU Medical, Inc, together with its subsidiaries, develops, manufactures, and sells medical devices used in infusion therapy, vascular access, and vital care applications worldwide. Its infusion therapy products include needlefree products under the MicroClave, MicroClave Clear, and NanoClave brands; Neutron catheter patency devices; ChemoClave and ChemoLock closed system transfer devices, which are used to limit the escape of hazardous drugs or vapor concentrations, block the transfer of environmental contaminants into the system, and eliminates the risk of needlestick injury; Tego needle free connectors; Deltec GRIPPER non-coring needles for portal access; and ClearGuard, SwabCap, and SwabTip disinfection caps.