Flossbach Von Storch SE boosted its stake in shares of Ralliant Corporation (NYSE:RAL – Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,152,866 shares of the company’s stock after purchasing an additional 67,963 shares during the period. Flossbach Von Storch SE owned approximately 3.68% of Ralliant worth $181,605,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in shares of Ralliant during the 2nd quarter worth $56,000. Public Employees Retirement System of Ohio acquired a new stake in Ralliant during the second quarter worth about $1,799,000. State of Alaska Department of Revenue purchased a new position in shares of Ralliant in the 2nd quarter worth about $2,788,000. V Square Quantitative Management LLC acquired a new position in shares of Ralliant in the 2nd quarter valued at about $131,000. Finally, Truist Financial Corp acquired a new position in shares of Ralliant in the 2nd quarter valued at about $1,409,000.
Ralliant Price Performance
Shares of RAL stock opened at $52.95 on Thursday. The firm has a fifty day simple moving average of $51.19 and a 200-day simple moving average of $46.60. The company has a market capitalization of $5.97 billion and a PE ratio of 41.69. Ralliant Corporation has a twelve month low of $40.70 and a twelve month high of $55.25. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39.
Analysts Set New Price Targets
RAL has been the topic of several research reports. Royal Bank Of Canada raised their price target on shares of Ralliant from $45.00 to $52.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Oppenheimer increased their price objective on shares of Ralliant from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Ralliant in a research note on Monday, December 29th. Citigroup raised shares of Ralliant from a “neutral” rating to a “buy” rating and upped their price target for the stock from $53.00 to $61.00 in a research report on Monday, December 8th. Finally, Truist Financial initiated coverage on Ralliant in a research report on Friday, December 12th. They issued a “buy” rating and a $62.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.
About Ralliant
Ralliant, Inc (NYSE: RAL) is a medical technology company focused on enabling point-of-care cell therapy solutions in the field of regenerative medicine. The company develops and markets systems that isolate, concentrate and store adipose-derived stromal vascular fraction (SVF) cells directly from a patient’s own fat tissue, facilitating same-day, autologous treatments without the need for extensive laboratory infrastructure.
The company’s core product portfolio includes proprietary device platforms and single-use processing kits engineered to streamline the workflow for clinicians.
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