New York State Teachers Retirement System Trims Holdings in Zimmer Biomet Holdings Inc (ZBH)

New York State Teachers Retirement System reduced its holdings in shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,342 shares of the medical equipment provider’s stock after selling 4,840 shares during the period. New York State Teachers Retirement System owned about 0.15% of Zimmer Biomet Holdings worth $35,518,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ZBH. Enterprise Financial Services Corp increased its stake in shares of Zimmer Biomet Holdings by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 2,646 shares of the medical equipment provider’s stock worth $340,000 after purchasing an additional 9 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Zimmer Biomet Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 872 shares of the medical equipment provider’s stock worth $112,000 after purchasing an additional 33 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of Zimmer Biomet Holdings by 1.8% in the second quarter. CWA Asset Management Group LLC now owns 1,952 shares of the medical equipment provider’s stock worth $251,000 after purchasing an additional 34 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Zimmer Biomet Holdings by 1.0% in the second quarter. Advisory Services Network LLC now owns 3,690 shares of the medical equipment provider’s stock worth $474,000 after purchasing an additional 37 shares in the last quarter. Finally, Palladium Partners LLC increased its stake in shares of Zimmer Biomet Holdings by 1.7% in the second quarter. Palladium Partners LLC now owns 2,501 shares of the medical equipment provider’s stock worth $321,000 after purchasing an additional 41 shares in the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

Zimmer Biomet Holdings Inc (NYSE:ZBH) opened at $109.25 on Friday. Zimmer Biomet Holdings Inc has a 12-month low of $95.63 and a 12-month high of $133.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17.

Zimmer Biomet Holdings (NYSE:ZBH) last released its quarterly earnings data on Wednesday, November 1st. The medical equipment provider reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Zimmer Biomet Holdings had a net margin of 8.36% and a return on equity of 16.29%. Zimmer Biomet Holdings’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 EPS. equities research analysts forecast that Zimmer Biomet Holdings Inc will post 8.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 22nd were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.96 annualized dividend and a dividend yield of 0.88%. Zimmer Biomet Holdings’s dividend payout ratio (DPR) is presently 29.91%.

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A number of analysts have recently issued reports on ZBH shares. BMO Capital Markets reissued a “buy” rating and issued a $136.00 price objective on shares of Zimmer Biomet Holdings in a research note on Tuesday, July 11th. Guggenheim raised shares of Zimmer Biomet Holdings from a “neutral” rating to a “buy” rating and set a $157.00 price objective for the company in a research note on Wednesday, July 12th. Needham & Company LLC reissued a “strong-buy” rating and issued a $153.00 price objective on shares of Zimmer Biomet Holdings in a research note on Wednesday, July 12th. Canaccord Genuity reissued a “buy” rating and issued a $141.00 price objective on shares of Zimmer Biomet Holdings in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $140.00 price objective on shares of Zimmer Biomet Holdings in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Zimmer Biomet Holdings presently has a consensus rating of “Hold” and a consensus price target of $134.75.

Zimmer Biomet Holdings Profile

Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

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

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