Intech Investment Management LLC Increases Position in The Cooper Companies, Inc. (NASDAQ:COO)

Intech Investment Management LLC increased its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 108.3% in the fourth quarter, HoldingsChannel reports. The firm owned 15,560 shares of the medical device company’s stock after buying an additional 8,091 shares during the period. Intech Investment Management LLC’s holdings in Cooper Companies were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in Cooper Companies in the fourth quarter worth about $33,000. OFI Invest Asset Management bought a new stake in shares of Cooper Companies in the 4th quarter valued at about $34,000. Brown Brothers Harriman & Co. grew its position in shares of Cooper Companies by 191.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 419 shares of the medical device company’s stock worth $46,000 after buying an additional 275 shares during the last quarter. West Financial Advisors LLC bought a new position in shares of Cooper Companies during the 4th quarter worth approximately $49,000. Finally, Atala Financial Inc purchased a new stake in Cooper Companies during the fourth quarter valued at approximately $51,000. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Companies Trading Up 1.6 %

Shares of NASDAQ:COO opened at $81.71 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The Cooper Companies, Inc. has a 52-week low of $77.05 and a 52-week high of $112.38. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 2.25 and a beta of 1.02. The business has a 50-day moving average price of $90.05 and a 200-day moving average price of $98.14.

Cooper Companies (NASDAQ:COO) last posted its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $964.70 million during the quarter, compared to analyst estimates of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. Equities analysts predict that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on COO. Citigroup cut their price target on shares of Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a research report on Friday, March 7th. StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on Cooper Companies from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cooper Companies from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.25.

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.