Steris Corp. (STE) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama raised its position in Steris Corp. (NYSE:STE) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 110,936 shares of the company’s stock after buying an additional 200 shares during the period. Retirement Systems of Alabama’s holdings in Steris Corp. were worth $7,627,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BKD Wealth Advisors LLC acquired a new position in shares of Steris Corp. during the second quarter worth about $208,000. Massmutual Trust Co. FSB ADV purchased a new stake in Steris Corp. during the first quarter valued at about $250,000. Mount Lucas Management LP purchased a new stake in Steris Corp. during the first quarter valued at about $313,000. Diversified Trust Co purchased a new stake in Steris Corp. during the second quarter valued at about $320,000. Finally, Virginia Retirement System purchased a new stake in Steris Corp. during the first quarter valued at about $341,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Steris Corp. (NYSE:STE) traded down 1.00% during mid-day trading on Friday, hitting $71.27. 609,322 shares of the company traded hands. The firm has a market capitalization of $6.14 billion, a P/E ratio of 40.94 and a beta of 1.14. The firm has a 50 day moving average of $71.44 and a 200 day moving average of $70.40. Steris Corp. has a one year low of $61.38 and a one year high of $78.77.
Steris Corp. (NYSE:STE) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Steris Corp. had a net margin of 5.52% and a return on equity of 10.72%. The business had revenue of $638.40 million for the quarter, compared to analysts’ expectations of $639.04 million. During the same period in the previous year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 45.1% compared to the same quarter last year. Equities research analysts expect that Steris Corp. will post $3.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 27th. Investors of record on Tuesday, August 30th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 26th. This is a boost from Steris Corp.’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 1.57%. Steris Corp.’s payout ratio is 68.71%.
Separately, Zacks Investment Research upgraded shares of Steris Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th.
In other Steris Corp. news, insider Adrian Vincent Coward sold 15,000 shares of Steris Corp. stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $69.00, for a total value of $1,035,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sudhir K. Pahwa sold 1,028 shares of Steris Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $70.13, for a total transaction of $72,093.64. The disclosure for this sale can be found here. 2.52% of the stock is currently owned by company insiders.
Steris Corp. Company Profile
STERIS Corporation (STERIS) is a provider of infection prevention and other procedural products and services. The Company is focused on healthcare, pharmaceutical and research. The Company operates through three business segments: Healthcare, Life Sciences and STERIS Isomedix Services. The Healthcare segment provides surgical, sterile processing, infection prevention and gastrointestinal solutions.
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