Sustainable Insight Capital Management LLC Takes $6.18 Million Position in The Cooper Companies, Inc. (NASDAQ:COO)

Sustainable Insight Capital Management LLC purchased a new position in The Cooper Companies, Inc. (NASDAQ:COO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 67,182 shares of the medical device company’s stock, valued at approximately $6,176,000. Cooper Companies makes up about 2.7% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Cooper Companies by 3.9% during the second quarter. American Century Companies Inc. now owns 42,911 shares of the medical device company’s stock worth $3,746,000 after buying an additional 1,600 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in Cooper Companies during the second quarter worth $2,186,000. Pacer Advisors Inc. grew its holdings in Cooper Companies by 28.5% in the 2nd quarter. Pacer Advisors Inc. now owns 17,465 shares of the medical device company’s stock valued at $1,525,000 after buying an additional 3,870 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Cooper Companies by 7.7% in the 2nd quarter. ProShare Advisors LLC now owns 28,896 shares of the medical device company’s stock worth $2,523,000 after acquiring an additional 2,078 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Cooper Companies by 71.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,590 shares of the medical device company’s stock worth $663,000 after acquiring an additional 3,170 shares during the period. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Cooper Companies Trading Up 0.5 %

NASDAQ:COO opened at $95.68 on Friday. The Cooper Companies, Inc. has a 12-month low of $84.76 and a 12-month high of $112.38. The firm has a market cap of $19.10 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $95.99 and a 200 day moving average price of $99.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COO shares. Needham & Company LLC restated a “hold” rating on shares of Cooper Companies in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. StockNews.com lowered Cooper Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Citigroup reduced their target price on Cooper Companies from $116.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Finally, Morgan Stanley cut their price objective on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cooper Companies has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.

Cooper Companies 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.