Robeco Institutional Asset Management B.V. Makes New Investment in Concentra Group Holdings Parent, Inc. $CON

Robeco Institutional Asset Management B.V. bought a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 231,008 shares of the company’s stock, valued at approximately $7,951,000. Robeco Institutional Asset Management B.V. owned about 0.18% of Concentra Group Holdings Parent at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CON. Dimensional Fund Advisors LP boosted its holdings in shares of Concentra Group Holdings Parent by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock worth $66,645,000 after buying an additional 144,379 shares during the last quarter. Principal Financial Group Inc. grew its position in Concentra Group Holdings Parent by 1.6% during the first quarter. Principal Financial Group Inc. now owns 2,668,512 shares of the company’s stock valued at $57,238,000 after buying an additional 41,891 shares during the period. Jennison Associates LLC increased its holdings in Concentra Group Holdings Parent by 195.8% during the first quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock worth $46,596,000 after buying an additional 1,437,912 shares during the last quarter. HBK Investments L P increased its holdings in Concentra Group Holdings Parent by 21.1% during the second quarter. HBK Investments L P now owns 1,044,614 shares of the company’s stock worth $31,077,000 after buying an additional 181,864 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in Concentra Group Holdings Parent during the second quarter worth about $13,285,000.

Insider Activity

In other news, Director Robert Ortenzio sold 130,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $31.84, for a total value of $4,139,200.00. Following the sale, the director owned 503,455 shares of the company’s stock, valued at $16,030,007.20. The trade was a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CON shares. Stephens started coverage on shares of Concentra Group Holdings Parent in a research note on Tuesday, October 20th. They issued an “overweight” rating and a $45.00 target price on the stock. Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Truist Financial lifted their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, August 10th. William Blair assumed coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada upped their price objective on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.29.

Concentra Group Holdings Parent Trading Down 1.5%

Shares of CON opened at $39.36 on Friday. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $40.00. The business has a 50-day moving average of $35.78 and a 200 day moving average of $30.44. The firm has a market cap of $5.02 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.38 and a current ratio of 1.38.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $606.03 million for the quarter, compared to the consensus estimate of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.65 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 20th were paid a $0.0625 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.13%.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.