Westwood Holdings Group Inc. reduced its holdings in shares of Steris PLC (NYSE:STE) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,498 shares of the medical equipment provider’s stock after selling 14,516 shares during the period. Westwood Holdings Group Inc.’s holdings in Steris were worth $25,414,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Advisory Services Network LLC grew its holdings in Steris by 26.0% during the 4th quarter. Advisory Services Network LLC now owns 427 shares of the medical equipment provider’s stock worth $45,000 after acquiring an additional 88 shares during the period. Bbva Compass Bancshares Inc. grew its holdings in Steris by 3.9% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 2,389 shares of the medical equipment provider’s stock worth $255,000 after acquiring an additional 89 shares during the period. State Treasurer State of Michigan grew its holdings in Steris by 0.3% during the 1st quarter. State Treasurer State of Michigan now owns 30,200 shares of the medical equipment provider’s stock worth $3,867,000 after acquiring an additional 100 shares during the period. Security Asset Management grew its holdings in Steris by 1.3% during the 1st quarter. Security Asset Management now owns 8,179 shares of the medical equipment provider’s stock worth $1,047,000 after acquiring an additional 104 shares during the period. Finally, Neuburgh Advisers LLC grew its holdings in Steris by 1.4% during the 4th quarter. Neuburgh Advisers LLC now owns 9,592 shares of the medical equipment provider’s stock worth $1,025,000 after acquiring an additional 132 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.

In related news, VP Karen L. Burton sold 1,387 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $133.89, for a total value of $185,705.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Walter M. Rosebrough, Jr. sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $125.00, for a total transaction of $6,250,000.00. Following the completion of the transaction, the chief executive officer now directly owns 98,895 shares in the company, valued at approximately $12,361,875. The disclosure for this sale can be found here. Insiders have sold a total of 259,785 shares of company stock worth $34,402,980 in the last three months. Insiders own 2.36% of the company’s stock.

A number of analysts have weighed in on the company. JMP Securities increased their price target on Steris from $135.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded Steris from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Tuesday, April 30th. Stephens increased their price objective on shares of Steris from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, KeyCorp increased their price objective on shares of Steris from $135.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $148.20.

Shares of STE stock traded up $1.44 on Wednesday, reaching $141.89. 11,567 shares of the company were exchanged, compared to its average volume of 474,553. The stock has a market capitalization of $11.67 billion, a PE ratio of 28.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.82. Steris PLC has a one year low of $99.14 and a one year high of $142.35.

Steris (NYSE:STE) last released its quarterly earnings data on Monday, May 13th. The medical equipment provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.09. The company had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $738.87 million. Steris had a net margin of 10.93% and a return on equity of 13.34%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. On average, analysts anticipate that Steris PLC will post 5.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.96%. Steris’s dividend payout ratio (DPR) is presently 27.81%.

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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.

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Institutional Ownership by Quarter for Steris (NYSE:STE)

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