Arizona State Retirement System Purchases 1,193 Shares of ICU Medical, Incorporated (ICUI)

Arizona State Retirement System boosted its position in ICU Medical, Incorporated (NASDAQ:ICUI) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,772 shares of the medical instruments supplier’s stock after acquiring an additional 1,193 shares during the period. Arizona State Retirement System owned 0.06% of ICU Medical worth $3,329,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ICUI. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ICU Medical in the second quarter worth approximately $235,000. Legal & General Group Plc raised its stake in shares of ICU Medical by 18.1% in the second quarter. Legal & General Group Plc now owns 17,686 shares of the medical instruments supplier’s stock worth $5,193,000 after purchasing an additional 2,706 shares during the last quarter. Smith Asset Management Group LP raised its stake in shares of ICU Medical by 1,207.6% in the second quarter. Smith Asset Management Group LP now owns 38,745 shares of the medical instruments supplier’s stock worth $11,377,000 after purchasing an additional 35,782 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of ICU Medical by 0.5% in the second quarter. Baird Financial Group Inc. now owns 49,781 shares of the medical instruments supplier’s stock worth $14,618,000 after purchasing an additional 245 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of ICU Medical in the second quarter worth approximately $5,849,000. Institutional investors and hedge funds own 73.51% of the company’s stock.

Shares of ICU Medical stock opened at $232.01 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 42.03 and a beta of 0.65. ICU Medical, Incorporated has a 52 week low of $196.33 and a 52 week high of $321.70.

ICU Medical (NASDAQ:ICUI) last issued its quarterly earnings data on Thursday, November 8th. The medical instruments supplier reported $1.85 EPS for the quarter, topping the consensus estimate of $1.51 by $0.34. The firm had revenue of $327.20 million during the quarter, compared to the consensus estimate of $334.97 million. ICU Medical had a return on equity of 12.78% and a net margin of 5.93%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, equities research analysts predict that ICU Medical, Incorporated will post 7.6 EPS for the current year.

ICUI has been the subject of several analyst reports. BidaskClub downgraded ICU Medical from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. TheStreet raised ICU Medical from a “c+” rating to a “b+” rating in a research note on Monday, August 20th. ValuEngine downgraded ICU Medical from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Zacks Investment Research downgraded ICU Medical from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th.

In related news, Director Pfizer Inc sold 700,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $284.35, for a total transaction of $199,045,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Virginia Ruth Sanzone sold 787 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $303.12, for a total value of $238,555.44. Following the sale, the vice president now directly owns 1,367 shares of the company’s stock, valued at $414,365.04. The disclosure for this sale can be found here. Insiders have sold 711,920 shares of company stock valued at $202,651,956 over the last ninety days. 12.50% of the stock is currently owned by company insiders.

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About ICU Medical

ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein.

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Institutional Ownership by Quarter for ICU Medical (NASDAQ:ICUI)

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