Todd Asset Management LLC Purchases 5,173 Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Todd Asset Management LLC grew its stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 319,260 shares of the company’s stock after buying an additional 5,173 shares during the quarter. Todd Asset Management LLC’s holdings in GE HealthCare Technologies were worth $24,960,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC increased its position in shares of GE HealthCare Technologies by 1,673.3% during the third quarter. LGT Financial Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the period. Capital Performance Advisors LLP bought a new position in GE HealthCare Technologies during the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new stake in shares of GE HealthCare Technologies during the 3rd quarter valued at about $26,000. Darwin Wealth Management LLC bought a new position in GE HealthCare Technologies in the third quarter worth approximately $31,000. Finally, Continuum Advisory LLC increased its position in GE HealthCare Technologies by 101.8% in the third quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock worth $31,000 after buying an additional 168 shares in the last quarter. 82.06% of the stock is owned by institutional investors.

GE HealthCare Technologies Price Performance

GE HealthCare Technologies stock opened at $90.57 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE HealthCare Technologies Inc. has a 52-week low of $74.51 and a 52-week high of $94.80. The firm has a market cap of $41.42 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 3.19 and a beta of 1.15. The company’s 50 day moving average is $85.26 and its two-hundred day moving average is $85.96.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its earnings results on Thursday, February 13th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.19. GE HealthCare Technologies had a net margin of 10.13% and a return on equity of 25.74%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.33 billion. On average, research analysts expect that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GEHC has been the subject of a number of analyst reports. Citigroup increased their price target on GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company boosted their price target on GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $95.00 to $103.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.67.

About GE HealthCare Technologies

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.