American International Group Inc. boosted its position in shares of DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,377 shares of the medical instruments supplier’s stock after purchasing an additional 3,262 shares during the period. American International Group Inc. owned 0.06% of DENTSPLY SIRONA worth $4,619,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of XRAY. Piedmont Investment Advisors LLC purchased a new position in DENTSPLY SIRONA during the 2nd quarter worth approximately $117,000. NuWave Investment Management LLC grew its holdings in shares of DENTSPLY SIRONA by 22,360.0% during the 3rd quarter. NuWave Investment Management LLC now owns 3,369 shares of the medical instruments supplier’s stock valued at $127,000 after acquiring an additional 3,354 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of DENTSPLY SIRONA by 1,941.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,369 shares of the medical instruments supplier’s stock valued at $127,000 after acquiring an additional 3,204 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of DENTSPLY SIRONA during the 2nd quarter valued at $134,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of DENTSPLY SIRONA during the 2nd quarter valued at $202,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.
XRAY stock opened at $36.31 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.76 and a quick ratio of 1.14. DENTSPLY SIRONA Inc has a 1 year low of $33.93 and a 1 year high of $68.47. The firm has a market capitalization of $8.19 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.18.
DENTSPLY SIRONA (NASDAQ:XRAY) last released its quarterly earnings data on Thursday, November 8th. The medical instruments supplier reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.08). DENTSPLY SIRONA had a negative net margin of 41.97% and a positive return on equity of 8.68%. The business had revenue of $928.40 million during the quarter, compared to analyst estimates of $951.58 million. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. Equities analysts forecast that DENTSPLY SIRONA Inc will post 1.97 earnings per share for the current year.
In related news, insider Markus Boehringer sold 7,373 shares of DENTSPLY SIRONA stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $37.86, for a total value of $279,141.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.93% of the stock is currently owned by insiders.
XRAY has been the topic of several research analyst reports. Goldman Sachs Group upgraded shares of DENTSPLY SIRONA from a “sell” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Friday, October 19th. TheStreet cut shares of DENTSPLY SIRONA from a “c-” rating to a “d+” rating in a report on Tuesday, August 14th. HC Wainwright set a $40.00 price target on shares of DENTSPLY SIRONA and gave the company a “hold” rating in a report on Friday, August 31st. BidaskClub upgraded shares of DENTSPLY SIRONA from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Zacks Investment Research restated a “hold” rating on shares of DENTSPLY SIRONA in a report on Saturday, November 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus target price of $51.50.
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About DENTSPLY SIRONA
DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.
Further Reading: The Role of a Fiduciary and Individual Investors
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