Railway Pension Investments Ltd Decreases Stake in Boston Scientific Corporation $BSX

Railway Pension Investments Ltd reduced its stake in shares of Boston Scientific Corporation (NYSE:BSXFree Report) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 259,900 shares of the medical equipment provider’s stock after selling 14,200 shares during the period. Railway Pension Investments Ltd’s holdings in Boston Scientific were worth $24,781,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Boston Scientific by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 138,249,447 shares of the medical equipment provider’s stock worth $13,497,294,000 after purchasing an additional 1,115,337 shares in the last quarter. Rathbones Group PLC boosted its position in shares of Boston Scientific by 20.9% in the 4th quarter. Rathbones Group PLC now owns 2,759,657 shares of the medical equipment provider’s stock worth $263,133,000 after buying an additional 477,680 shares in the last quarter. Tounjian Advisory Partners LLC purchased a new stake in shares of Boston Scientific in the 4th quarter worth about $1,477,000. Kepler Cheuvreux Suisse SA purchased a new stake in shares of Boston Scientific in the 3rd quarter worth about $26,955,000. Finally, Waycross Partners LLC purchased a new stake in shares of Boston Scientific in the 4th quarter worth about $2,384,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boston Scientific

In other news, Director Edward J. Ludwig bought 3,580 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $56.68 per share, with a total value of $202,914.40. Following the purchase, the director owned 25,359 shares of the company’s stock, valued at $1,437,348.12. This trade represents a 16.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cheryl Pegus acquired 1,770 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $56.49 per share, with a total value of $99,987.30. Following the purchase, the director owned 1,770 shares in the company, valued at approximately $99,987.30. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 9,800 shares of company stock valued at $554,012. 0.34% of the stock is owned by insiders.

Key Stories Impacting Boston Scientific

Here are the key news stories impacting Boston Scientific this week:

Boston Scientific Trading Down 1.6%

Shares of BSX stock opened at $48.32 on Friday. The firm has a 50-day moving average price of $60.23 and a 200 day moving average price of $78.62. Boston Scientific Corporation has a twelve month low of $48.13 and a twelve month high of $109.50. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.89 and a beta of 0.62. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42.

Boston Scientific (NYSE:BSXGet Free Report) last announced its earnings results on Wednesday, April 22nd. The medical equipment provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Boston Scientific had a net margin of 17.29% and a return on equity of 19.17%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Boston Scientific has set its Q2 2026 guidance at 0.820-0.840 EPS and its FY 2026 guidance at 3.340-3.410 EPS. Research analysts forecast that Boston Scientific Corporation will post 3.37 earnings per share for the current fiscal year.

Boston Scientific declared that its board has approved a share buyback plan on Monday, May 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the medical equipment provider to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $55.00 price objective (down from $75.00) on shares of Boston Scientific in a research report on Thursday. Daiwa Securities Group lowered shares of Boston Scientific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Boston Scientific in a research report on Thursday. UBS Group decreased their price objective on shares of Boston Scientific from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, Robert W. Baird set a $70.00 price objective on shares of Boston Scientific in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.46.

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About Boston Scientific

(Free Report)

Boston Scientific Corporation (NYSE: BSX) is a global medical device company that develops, manufactures and markets a broad portfolio of products used in less-invasive medical procedures. Founded in 1979 by John Abele and Peter Nicholas, the company is headquartered in Marlborough, Massachusetts, and focuses on technologies that enable physicians to treat a wide range of cardiovascular, digestive, urologic, pulmonary and chronic pain conditions without open surgery.

Boston Scientific’s activities span product development, clinical research, regulatory affairs and commercial sales.

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Institutional Ownership by Quarter for Boston Scientific (NYSE:BSX)

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