Schonfeld Strategic Advisors LLC Acquires 13,755 Shares of Teleflex Incorporated (NYSE:TFX)

Schonfeld Strategic Advisors LLC increased its holdings in shares of Teleflex Incorporated (NYSE:TFX) by 291.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,471 shares of the medical technology company’s stock after purchasing an additional 13,755 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Teleflex were worth $3,287,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TFX. Headlands Technologies LLC purchased a new position in shares of Teleflex in the 4th quarter valued at $29,000. Avior Wealth Management LLC boosted its position in Teleflex by 81.2% during the fourth quarter. Avior Wealth Management LLC now owns 279 shares of the medical technology company’s stock valued at $50,000 after purchasing an additional 125 shares in the last quarter. IFP Advisors Inc grew its stake in Teleflex by 238.5% in the fourth quarter. IFP Advisors Inc now owns 308 shares of the medical technology company’s stock valued at $55,000 after purchasing an additional 217 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Teleflex by 38.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 340 shares of the medical technology company’s stock worth $61,000 after purchasing an additional 94 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Teleflex during the fourth quarter valued at about $64,000. 95.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TFX has been the subject of several recent analyst reports. Mizuho set a $155.00 price objective on shares of Teleflex in a research note on Wednesday, April 16th. Royal Bank of Canada reduced their price target on Teleflex from $150.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Friday. Citizens Jmp cut Teleflex from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Bank of America lowered Teleflex from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $235.00 to $140.00 in a research report on Tuesday, March 4th. Finally, Truist Financial lowered their price target on Teleflex from $149.00 to $140.00 and set a “hold” rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Teleflex has a consensus rating of “Hold” and an average price target of $167.25.

Teleflex Stock Up 0.3 %

Shares of TFX stock opened at $126.30 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.42. Teleflex Incorporated has a fifty-two week low of $124.66 and a fifty-two week high of $249.91. The firm has a market capitalization of $5.86 billion, a PE ratio of 25.11, a P/E/G ratio of 1.73 and a beta of 1.19. The stock’s 50-day simple moving average is $135.82 and its 200-day simple moving average is $170.33.

Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, May 1st. The medical technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. The company had revenue of $700.67 million during the quarter, compared to analyst estimates of $699.37 million. Teleflex had a net margin of 7.85% and a return on equity of 14.19%. Teleflex’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $3.21 EPS. Equities analysts expect that Teleflex Incorporated will post 13.98 earnings per share for the current year.

Teleflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, March 7th. Teleflex’s payout ratio is 95.77%.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.