Orion Portfolio Solutions LLC Cuts Stock Position in The Cooper Companies, Inc. (NASDAQ:COO)

Orion Portfolio Solutions LLC lowered its position in The Cooper Companies, Inc. (NASDAQ:COO) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,354 shares of the medical device company’s stock after selling 390 shares during the period. Orion Portfolio Solutions LLC’s holdings in Cooper Companies were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Cooper Companies by 23.0% in the 3rd quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company’s stock worth $435,856,000 after buying an additional 737,726 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Cooper Companies by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 758,332 shares of the medical device company’s stock worth $66,202,000 after purchasing an additional 26,787 shares in the last quarter. TD Asset Management Inc acquired a new stake in Cooper Companies in the 2nd quarter worth approximately $53,045,000. Qsemble Capital Management LP acquired a new stake in Cooper Companies in the 2nd quarter worth approximately $4,078,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Cooper Companies by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,065 shares of the medical device company’s stock worth $3,323,000 after purchasing an additional 14,413 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Insider Buying and Selling

In other news, CEO Albert G. White III sold 114,992 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the completion of the sale, the chief executive officer now owns 165,273 shares of the company’s stock, valued at $18,267,624.69. This represents a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research note on Friday, December 6th. Morgan Stanley lowered their target price on shares of Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. StockNews.com cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird lifted their price objective on shares of Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

Cooper Companies Price Performance

NASDAQ:COO opened at $94.85 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 48.64, a price-to-earnings-growth ratio of 2.52 and a beta of 0.97. The company has a 50 day moving average price of $103.49 and a 200-day moving average price of $98.92. The Cooper Companies, Inc. has a 1-year low of $84.76 and a 1-year high of $112.38.

Cooper Companies (NASDAQ:COO) last posted its earnings results on Thursday, December 5th. The medical device company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Equities research analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies Company Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.