Asset Management One Co. Ltd. lessened its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,208 shares of the company’s stock after selling 287 shares during the quarter. Asset Management One Co. Ltd.’s holdings in GE HealthCare Technologies were worth $12,733,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of GEHC. First Command Advisory Services Inc. raised its holdings in shares of GE HealthCare Technologies by 36,900.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after purchasing an additional 369 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of GE HealthCare Technologies in the 2nd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in GE HealthCare Technologies in the 3rd quarter valued at approximately $26,000. Legacy Financial Group LLC purchased a new position in GE HealthCare Technologies in the 3rd quarter valued at approximately $26,000. Finally, OFI Invest Asset Management purchased a new position in GE HealthCare Technologies in the 3rd quarter valued at approximately $26,000. Institutional investors own 82.06% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of GE HealthCare Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Evercore ISI lifted their price objective on shares of GE HealthCare Technologies from $93.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup lifted their price objective on shares of GE HealthCare Technologies from $88.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Morgan Stanley boosted their price target on shares of GE HealthCare Technologies from $74.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Finally, UBS Group upgraded shares of GE HealthCare Technologies from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $88.00 in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, GE HealthCare Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $93.92.
Get Our Latest Research Report on GE HealthCare Technologies
GE HealthCare Technologies Stock Up 0.6 %
Shares of NASDAQ:GEHC opened at $88.47 on Monday. GE HealthCare Technologies Inc. has a 52-week low of $62.35 and a 52-week high of $94.50. The firm has a fifty day moving average of $86.92 and a 200 day moving average of $76.61. The firm has a market capitalization of $40.29 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 1.05.
GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.09 billion. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. As a group, research analysts anticipate that GE HealthCare Technologies Inc. will post 4.3 EPS for the current fiscal year.
GE HealthCare Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date is Thursday, April 18th. GE HealthCare Technologies’s payout ratio is currently 3.97%.
GE HealthCare Technologies Profile
GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
See Also
Want to see what other hedge funds are holding GEHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report).
Receive News & Ratings for GE HealthCare Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for GE HealthCare Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.