State Board of Administration of Florida Retirement System Boosts Position in Zimmer Biomet Holdings, Inc. (ZBH)

State Board of Administration of Florida Retirement System increased its stake in Zimmer Biomet Holdings, Inc. (NYSE:ZBH) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 263,980 shares of the company’s stock after buying an additional 5,374 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Zimmer Biomet Holdings were worth $27,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lee Danner & Bass Inc. increased its stake in Zimmer Biomet Holdings by 4.0% in the second quarter. Lee Danner & Bass Inc. now owns 6,256 shares of the company’s stock worth $753,000 after buying an additional 242 shares in the last quarter. Carnegie Capital Asset Management LLC increased its stake in Zimmer Biomet Holdings by 18.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 2,331 shares of the company’s stock worth $288,000 after buying an additional 367 shares in the last quarter. Columbus Circle Investors acquired a new stake in Zimmer Biomet Holdings during the second quarter worth $22,876,000. Mizuho Trust & Banking Co. Ltd. increased its stake in Zimmer Biomet Holdings by 14.3% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 327,334 shares of the company’s stock worth $39,404,000 after buying an additional 40,876 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Zimmer Biomet Holdings by 9.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,852 shares of the company’s stock worth $3,594,000 after buying an additional 2,542 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Institutional Ownership by Quarter for Zimmer Biomet Holdings (NYSE:ZBH)

Shares of Zimmer Biomet Holdings, Inc. (NYSE:ZBH) opened at 117.18 on Wednesday. Zimmer Biomet Holdings, Inc. has a one year low of $92.88 and a one year high of $133.21. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 78.12 and a beta of 1.20. The firm’s 50-day moving average is $113.00 and its 200-day moving average is $117.06.

Zimmer Biomet Holdings (NYSE:ZBH) last issued its earnings results on Tuesday, January 31st. The company reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.03. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. Zimmer Biomet Holdings had a return on equity of 16.66% and a net margin of 3.90%. Zimmer Biomet Holdings’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Equities research analysts forecast that Zimmer Biomet Holdings, Inc. will post $8.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Friday, December 30th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.82%. Zimmer Biomet Holdings’s dividend payout ratio is currently 65.31%.

“State Board of Administration of Florida Retirement System Boosts Position in Zimmer Biomet Holdings, Inc. (ZBH)” was first reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at http://sleekmoney.com/state-board-of-administration-of-florida-retirement-system-boosts-position-in-zimmer-biomet-holdings-inc-zbh/1662319.html.

Several analysts recently commented on ZBH shares. Needham & Company LLC reissued a “buy” rating and set a $148.00 price objective on shares of Zimmer Biomet Holdings in a research report on Thursday, December 15th. Jefferies Group LLC cut their price objective on shares of Zimmer Biomet Holdings from $150.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, November 1st. Canaccord Genuity reissued a “buy” rating and set a $130.00 price objective (down from $150.00) on shares of Zimmer Biomet Holdings in a research report on Monday, October 31st. J P Morgan Chase & Co set a $134.00 price objective on shares of Zimmer Biomet Holdings and gave the company a “buy” rating in a research report on Thursday, January 5th. Finally, Oppenheimer Holdings, Inc. set a $132.00 price objective on shares of Zimmer Biomet Holdings and gave the company a “buy” rating in a research report on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $133.75.

In related news, insider David A. Jr. Nolan sold 5,050 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $101.11, for a total value of $510,605.50. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.22% of the stock is owned by corporate insiders.

Zimmer Biomet Holdings Company Profile

Zimmer Biomet Holdings, Inc, formerly Zimmer Holdings, Inc, is engaged designing, manufacturing and marketing orthopaedic reconstructive products; sports medicine, biologics, extremities and trauma products; spine, bone healing, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

5 Day Chart for NYSE:ZBH

Want to see what other hedge funds are holding ZBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zimmer Biomet Holdings, Inc. (NYSE:ZBH).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/state-board-of-administration-of-florida-retirement-system-boosts-position-in-zimmer-biomet-holdings-inc-zbh/1662319.html

Receive News & Ratings for Zimmer Biomet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zimmer Biomet Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *