Dentsply International Inc. (XRAY) Short Interest Update
Dentsply International Inc. (NASDAQ:XRAY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 8,288,029 shares, a growth of 28.1% from the September 15th total of 6,471,038 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily volume of 1,480,437 shares, the short-interest ratio is currently 5.6 days.
A number of analysts have recently commented on XRAY shares. Piper Jaffray Cos. reissued a “buy” rating on shares of Dentsply International in a research note on Monday, June 27th. Credit Suisse Group AG reissued a “buy” rating on shares of Dentsply International in a research note on Sunday, June 26th. Barrington Research cut shares of Dentsply International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 8th. Zacks Investment Research cut shares of Dentsply International from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Dentsply International in a research note on Wednesday, August 17th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $66.91.
In other news, VP Rainer Berthan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $61.12, for a total transaction of $305,600.00. Following the completion of the sale, the vice president now owns 34,370 shares of the company’s stock, valued at $2,100,694.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maureen J. Macinnis sold 45,100 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $60.55, for a total transaction of $2,730,805.00. Following the sale, the senior vice president now directly owns 36,730 shares of the company’s stock, valued at approximately $2,224,001.50. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Checchi Capital Advisers LLC boosted its position in shares of Dentsply International by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,007 shares of the company’s stock worth $125,000 after buying an additional 41 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Dentsply International by 8.9% in the third quarter. Contravisory Investment Management Inc. now owns 3,108 shares of the company’s stock worth $185,000 after buying an additional 254 shares during the period. Global X Management Co. LLC raised its stake in shares of Dentsply International by 110.1% in the second quarter. Global X Management Co. LLC now owns 3,169 shares of the company’s stock worth $197,000 after buying an additional 1,661 shares during the period. Evercore Wealth Management LLC raised its stake in shares of Dentsply International by 12.6% in the second quarter. Evercore Wealth Management LLC now owns 3,204 shares of the company’s stock worth $199,000 after buying an additional 358 shares during the period. Finally, Mizuho Asset Management Co. Ltd. raised its stake in shares of Dentsply International by 170.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,228 shares of the company’s stock worth $200,000 after buying an additional 2,034 shares during the period. 94.58% of the stock is owned by institutional investors.
Shares of Dentsply International (NASDAQ:XRAY) opened at 57.82 on Friday. The company has a 50-day moving average of $59.86 and a 200 day moving average of $61.32. Dentsply International has a 12-month low of $53.43 and a 12-month high of $65.83.
Dentsply International (NASDAQ:XRAY) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. Dentsply International had a return on equity of 9.18% and a net margin of 11.99%. The company earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the business earned $0.73 earnings per share. Dentsply International’s revenue for the quarter was up 46.4% compared to the same quarter last year. On average, equities research analysts predict that Dentsply International will post $2.76 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.0775 per share. The ex-dividend date is Wednesday, September 28th. Dentsply International’s payout ratio is presently 14.49%.
Dentsply International Company Profile
DENTSPLY SIRONA Inc, formerly DENTSPLY International Inc, designs, develops, manufactures and markets a range of consumable dental products for the professional dental market. The Company also manufactures and markets consumable medical device products consisting mainly of urological catheters and certain surgical products.
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