APG Asset Management N.V. Raises Stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

APG Asset Management N.V. boosted its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 1,111.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 256,010 shares of the company’s stock after buying an additional 234,877 shares during the period. APG Asset Management N.V.’s holdings in GE HealthCare Technologies were worth $19,329,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Advisory Services Network LLC increased its position in GE HealthCare Technologies by 3.6% during the 4th quarter. Advisory Services Network LLC now owns 22,129 shares of the company’s stock worth $1,730,000 after purchasing an additional 769 shares in the last quarter. Shelton Capital Management grew its stake in GE HealthCare Technologies by 0.4% during the 4th quarter. Shelton Capital Management now owns 57,508 shares of the company’s stock valued at $4,496,000 after purchasing an additional 217 shares in the last quarter. Rathbones Group PLC increased its stake in shares of GE HealthCare Technologies by 24.5% in the fourth quarter. Rathbones Group PLC now owns 278,337 shares of the company’s stock worth $21,760,000 after buying an additional 54,748 shares during the last quarter. Invesco Ltd. raised its stake in shares of GE HealthCare Technologies by 18.4% in the 4th quarter. Invesco Ltd. now owns 8,067,927 shares of the company’s stock valued at $630,751,000 after purchasing an additional 1,252,613 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in GE HealthCare Technologies by 3.5% during the 4th quarter. Bank of Montreal Can now owns 733,006 shares of the company’s stock worth $57,306,000 after buying an additional 25,053 shares during the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GEHC shares. The Goldman Sachs Group raised shares of GE HealthCare Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $100.00 in a report on Tuesday, March 11th. Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $103.00 in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Citigroup lifted their price target on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.73.

GE HealthCare Technologies Stock Up 10.6 %

GE HealthCare Technologies stock opened at $64.98 on Thursday. The firm’s 50 day moving average price is $82.73 and its two-hundred day moving average price is $84.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 1.04. GE HealthCare Technologies Inc. has a twelve month low of $57.65 and a twelve month high of $94.80. The firm has a market cap of $29.72 billion, a PE ratio of 15.01, a P/E/G ratio of 3.19 and a beta of 1.14.

GE HealthCare Technologies (NASDAQ:GEHC) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. GE HealthCare Technologies had a return on equity of 25.74% and a net margin of 10.13%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.33 billion. On average, research analysts predict that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, April 25th. This represents a $0.14 dividend on an annualized basis and a yield of 0.22%. GE HealthCare Technologies’s payout ratio is currently 3.23%.

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.