First Bank & Trust Increases Holdings in Catalent Inc (CTLT)

First Bank & Trust boosted its holdings in shares of Catalent Inc (NYSE:CTLT) by 54.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,764 shares of the company’s stock after acquiring an additional 1,323 shares during the period. First Bank & Trust’s holdings in Catalent were worth $155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 361 Capital LLC raised its position in Catalent by 18.6% during the third quarter. 361 Capital LLC now owns 70,022 shares of the company’s stock worth $2,795,000 after acquiring an additional 10,974 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Catalent by 25.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,046,417 shares of the company’s stock worth $41,773,000 after buying an additional 210,296 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Catalent during the third quarter worth about $2,475,000. Sei Investments Co. grew its holdings in shares of Catalent by 119.1% during the third quarter. Sei Investments Co. now owns 94,216 shares of the company’s stock worth $3,761,000 after buying an additional 51,212 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Catalent during the second quarter worth about $23,092,000. Institutional investors own 99.37% of the company’s stock.

In related news, Director Uwe Roehrhoff bought 7,500 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $39.22 per share, for a total transaction of $294,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Chiminski sold 181,458 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.62, for a total transaction of $7,189,365.96. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

CTLT has been the subject of a number of recent research reports. Wells Fargo & Co lifted their price target on shares of Catalent from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Bank of America reiterated a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Catalent in a report on Wednesday, September 20th. Morgan Stanley upgraded shares of Catalent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $29.00 to $48.00 in a report on Thursday, September 21st. ValuEngine downgraded shares of Catalent from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Catalent from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Catalent has a consensus rating of “Buy” and a consensus price target of $44.44.

Shares of Catalent Inc (NYSE:CTLT) traded up $0.41 during midday trading on Thursday, hitting $43.05. 716,400 shares of the stock were exchanged, compared to its average volume of 670,836. Catalent Inc has a 1-year low of $25.69 and a 1-year high of $43.42. The stock has a market capitalization of $5,665.13, a P/E ratio of 49.48, a PEG ratio of 2.71 and a beta of 1.41. The company has a current ratio of 2.91, a quick ratio of 2.49 and a debt-to-equity ratio of 2.01.

Catalent (NYSE:CTLT) last released its earnings results on Monday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Catalent had a net margin of 5.01% and a return on equity of 23.97%. The firm had revenue of $543.90 million during the quarter, compared to the consensus estimate of $490.75 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Catalent’s revenue was up 23.0% compared to the same quarter last year. analysts expect that Catalent Inc will post 1.47 EPS for the current fiscal year.

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About Catalent

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products. Its segments include Softgel Technologies, Drug Delivery Solutions and Clinical Supply Services. The Softgel Technologies segment is engaged in the formulation, development and manufacturing of prescription and consumer health soft capsules or softgels.

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Institutional Ownership by Quarter for Catalent (NYSE:CTLT)

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