United Services Automobile Association Has $2.53 Million Position in Steris PLC (STE)
United Services Automobile Association lifted its position in Steris PLC (NYSE:STE) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,630 shares of the medical equipment provider’s stock after purchasing an additional 587 shares during the period. United Services Automobile Association’s holdings in Steris were worth $2,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of STE. Oregon Public Employees Retirement Fund lifted its position in Steris by 10,585.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,572,743 shares of the medical equipment provider’s stock valued at $33,000 after buying an additional 3,539,306 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Steris in the fourth quarter valued at approximately $53,000. Rehmann Capital Advisory Group raised its holdings in Steris by 15.6% in the third quarter. Rehmann Capital Advisory Group now owns 712 shares of the medical equipment provider’s stock valued at $81,000 after acquiring an additional 96 shares in the last quarter. Bartlett & Co. LLC raised its holdings in Steris by 76.4% in the fourth quarter. Bartlett & Co. LLC now owns 1,235 shares of the medical equipment provider’s stock valued at $132,000 after acquiring an additional 535 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in Steris by 303.3% in the third quarter. Cornerstone Advisors Inc. now owns 1,476 shares of the medical equipment provider’s stock valued at $169,000 after acquiring an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.
Shares of NYSE:STE opened at $123.02 on Monday. The company has a market capitalization of $10.41 billion, a P/E ratio of 29.64 and a beta of 1.07. Steris PLC has a fifty-two week low of $89.67 and a fifty-two week high of $125.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.99 and a current ratio of 2.56.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, February 27th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 26th. This represents a $1.36 annualized dividend and a yield of 1.11%. Steris’s dividend payout ratio is currently 32.77%.
Several analysts recently weighed in on STE shares. Sidoti raised their target price on shares of Steris from $155.00 to $157.00 and gave the company a “buy” rating in a report on Thursday, December 6th. Stephens reaffirmed a “buy” rating and issued a $135.00 target price on shares of Steris in a report on Thursday, February 14th. JMP Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Steris in a report on Thursday, February 14th. Finally, Zacks Investment Research cut shares of Steris from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $138.20.
In related news, CEO Walter M. Rosebrough, Jr. sold 50,000 shares of Steris stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $125.00, for a total transaction of $6,250,000.00. Following the completion of the sale, the chief executive officer now owns 98,895 shares in the company, valued at approximately $12,361,875. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John Adam Zangerle sold 1,750 shares of Steris stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $110.00, for a total value of $192,500.00. Following the completion of the sale, the vice president now owns 32,546 shares of the company’s stock, valued at approximately $3,580,060. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,396 shares of company stock worth $7,476,593. Insiders own 2.38% of the company’s stock.
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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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