Catalent Inc (CTLT) Position Reduced by Fort L.P.

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Fort L.P. trimmed its position in shares of Catalent Inc (NYSE:CTLT) by 37.8% during the 4th quarter, Holdings Channel reports. The firm owned 928 shares of the company’s stock after selling 564 shares during the period. Fort L.P.’s holdings in Catalent were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CTLT. Brown Advisory Inc. boosted its holdings in shares of Catalent by 11.0% during the 4th quarter. Brown Advisory Inc. now owns 2,890,711 shares of the company’s stock valued at $90,132,000 after acquiring an additional 285,768 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new stake in shares of Catalent during the 4th quarter valued at about $397,000. Southeast Asset Advisors Inc. purchased a new stake in shares of Catalent during the 4th quarter valued at about $293,000. Flinton Capital Management LLC boosted its holdings in shares of Catalent by 2.7% during the 4th quarter. Flinton Capital Management LLC now owns 12,896 shares of the company’s stock valued at $402,000 after acquiring an additional 336 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Catalent by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,326,230 shares of the company’s stock valued at $41,351,000 after acquiring an additional 55,260 shares during the last quarter. 98.80% of the stock is currently owned by institutional investors.

In other Catalent news, SVP William Downie sold 7,315 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $42.00, for a total transaction of $307,230.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Lance Miyamoto sold 43,619 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $42.49, for a total transaction of $1,853,371.31. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the stock. First Analysis reaffirmed an “outperform” rating and set a $49.00 price target on shares of Catalent in a report on Tuesday, March 5th. ValuEngine upgraded shares of Catalent from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. TheStreet upgraded shares of Catalent from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. Zacks Investment Research cut shares of Catalent from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Morgan Stanley set a $46.00 price objective on shares of Catalent and gave the stock a “buy” rating in a research note on Monday, December 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Catalent presently has an average rating of “Buy” and an average price target of $47.88.

Shares of NYSE:CTLT opened at $42.20 on Monday. Catalent Inc has a twelve month low of $29.23 and a twelve month high of $46.43. The company has a current ratio of 2.08, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $6.15 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.29 and a beta of 1.70.

Catalent (NYSE:CTLT) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Catalent had a net margin of 5.48% and a return on equity of 17.42%. The firm had revenue of $623.00 million for the quarter, compared to analysts’ expectations of $608.38 million. During the same quarter in the prior year, the business earned $0.45 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that Catalent Inc will post 1.69 EPS for the current fiscal year.

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About Catalent

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through four segments: Softgel Technologies, Biologics and Specialty Drug Delivery, Oral Drug Delivery, and Clinical Supply Services. The Softgel Technologies segment formulates, develops, and manufactures prescription and consumer soft capsules for use in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, unit-dose cosmetics, and animal health medicinal preparations.

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Institutional Ownership by Quarter for Catalent (NYSE:CTLT)

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