Fox Run Management L.L.C. Takes Position in Steris PLC (STE)

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Fox Run Management L.L.C. bought a new stake in shares of Steris PLC (NYSE:STE) during the 3rd quarter, Holdings Channel reports. The fund bought 2,329 shares of the medical equipment provider’s stock, valued at approximately $266,000.

Other large investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Steris in the second quarter worth $116,000. Fort L.P. purchased a new position in Steris in the second quarter worth $121,000. Centaurus Financial Inc. purchased a new position in Steris in the second quarter worth $184,000. ARP Americas LP purchased a new position in Steris in the second quarter worth $212,000. Finally, Empirical Finance LLC purchased a new position in Steris in the second quarter worth $216,000. 88.77% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on STE shares. Zacks Investment Research cut Steris from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. JMP Securities boosted their price objective on Steris from $113.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 9th. Stephens reissued a “buy” rating and issued a $125.00 price objective on shares of Steris in a research report on Thursday, August 9th. Finally, KeyCorp boosted their price objective on Steris from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $100.86.

STE stock opened at $106.10 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.02 and a current ratio of 2.65. Steris PLC has a 1-year low of $82.88 and a 1-year high of $117.48. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 25.24 and a beta of 1.06.

Steris (NYSE:STE) last issued its earnings results on Wednesday, August 8th. The medical equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The firm had revenue of $638.76 million for the quarter, compared to analyst estimates of $638.63 million. Steris had a return on equity of 11.80% and a net margin of 11.42%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, research analysts predict that Steris PLC will post 4.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Shareholders of record on Wednesday, August 29th were paid a $0.34 dividend. The ex-dividend date was Tuesday, August 28th. This is a positive change from Steris’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 1.28%. Steris’s payout ratio is presently 32.77%.

In other Steris news, VP Karen L. Burton sold 1,300 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $114.39, for a total value of $148,707.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.38% of the company’s stock.

Steris 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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