Catalent (CTLT) Shares Down 5.7%

Shares of Catalent Inc (NYSE:CTLT) fell 5.7% on Friday . The company traded as low as $40.59 and last traded at $40.67. 739,815 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 899,777 shares. The stock had previously closed at $43.12.

A number of research firms have recently weighed in on CTLT. Zacks Investment Research cut Catalent from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. ValuEngine raised Catalent from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Morgan Stanley set a $46.00 price objective on Catalent and gave the stock a “buy” rating in a research report on Monday, December 3rd. TheStreet raised Catalent from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. Finally, First Analysis reissued an “outperform” rating and issued a $49.00 price objective on shares of Catalent in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.86.

The company has a debt-to-equity ratio of 1.36, a current ratio of 2.08 and a quick ratio of 1.63. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Catalent (NYSE:CTLT) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. The firm had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $608.38 million. Catalent had a return on equity of 17.42% and a net margin of 5.48%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. As a group, research analysts anticipate that Catalent Inc will post 1.69 earnings per share for the current year.

In other Catalent news, SVP William Downie sold 7,315 shares of Catalent stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $42.00, for a total transaction of $307,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lance Miyamoto sold 43,619 shares of Catalent stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $42.49, for a total value of $1,853,371.31. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB lifted its position in Catalent by 36.0% during the 3rd quarter. Nordea Investment Management AB now owns 109,694 shares of the company’s stock worth $4,997,000 after acquiring an additional 29,008 shares during the period. JPMorgan Chase & Co. lifted its position in Catalent by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,976,203 shares of the company’s stock worth $363,316,000 after acquiring an additional 1,819,020 shares during the period. First Bank & Trust lifted its holdings in shares of Catalent by 13.9% in the 4th quarter. First Bank & Trust now owns 4,600 shares of the company’s stock valued at $143,000 after buying an additional 563 shares during the period. Utah Retirement Systems lifted its holdings in shares of Catalent by 9.4% in the 3rd quarter. Utah Retirement Systems now owns 26,800 shares of the company’s stock valued at $1,220,000 after buying an additional 2,300 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Catalent by 234.5% in the 3rd quarter. AQR Capital Management LLC now owns 82,106 shares of the company’s stock valued at $3,740,000 after buying an additional 57,562 shares during the period. 98.79% of the stock is owned by institutional investors.

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Catalent Company Profile (NYSE:CTLT)

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through four segments: Softgel Technologies, Biologics and Specialty Drug Delivery, Oral Drug Delivery, and Clinical Supply Services. The Softgel Technologies segment formulates, develops, and manufactures prescription and consumer soft capsules for use in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, unit-dose cosmetics, and animal health medicinal preparations.

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