ICU Medical, Inc. (NASDAQ:ICUI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in ICU Medical, Inc. (NASDAQ:ICUI) by 43.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,677 shares of the medical instruments supplier’s stock after selling 3,636 shares during the quarter. Teacher Retirement System of Texas’ holdings in ICU Medical were worth $726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ICUI. Harvest Fund Management Co. Ltd purchased a new position in ICU Medical in the 4th quarter worth about $33,000. Point72 Hong Kong Ltd acquired a new position in shares of ICU Medical in the third quarter worth about $72,000. Venturi Wealth Management LLC increased its position in shares of ICU Medical by 64.0% in the fourth quarter. Venturi Wealth Management LLC now owns 528 shares of the medical instruments supplier’s stock worth $82,000 after acquiring an additional 206 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ICU Medical by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 907 shares of the medical instruments supplier’s stock valued at $140,000 after acquiring an additional 567 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of ICU Medical in the 3rd quarter valued at approximately $227,000. 96.10% of the stock is owned by institutional investors and hedge funds.

ICU Medical Trading Down 2.9 %

ICU Medical stock opened at $140.16 on Monday. ICU Medical, Inc. has a 12 month low of $93.36 and a 12 month high of $196.26. The company has a quick ratio of 1.03, a current ratio of 2.29 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.44 billion, a P/E ratio of -30.67 and a beta of 0.73. The company’s fifty day simple moving average is $154.42 and its 200-day simple moving average is $163.78.

Insider Activity at ICU Medical

In other ICU Medical news, CEO Vivek Jain sold 1,373 shares of ICU Medical stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $155.48, for a total value of $213,474.04. Following the completion of the sale, the chief executive officer now directly owns 104,593 shares in the company, valued at $16,262,119.64. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com downgraded shares of ICU Medical from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group raised ICU Medical from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Wednesday, December 11th. Finally, Raymond James set a $97.00 price objective on ICU Medical in a research report on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.67.

ICU Medical Profile

ICU Medical, Inc, together with its subsidiaries, develops, manufactures, and sells medical devices used in infusion therapy, vascular access, and vital care applications worldwide. Its infusion therapy products include needlefree products under the MicroClave, MicroClave Clear, and NanoClave brands; Neutron catheter patency devices; ChemoClave and ChemoLock closed system transfer devices, which are used to limit the escape of hazardous drugs or vapor concentrations, block the transfer of environmental contaminants into the system, and eliminates the risk of needlestick injury; Tego needle free connectors; Deltec GRIPPER non-coring needles for portal access; and ClearGuard, SwabCap, and SwabTip disinfection caps.