Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 44.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,120 shares of the medical device company’s stock after acquiring an additional 11,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cooper Companies were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Cooper Companies by 23.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company’s stock worth $435,856,000 after acquiring an additional 737,726 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cooper Companies by 13.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,930,022 shares of the medical device company’s stock worth $543,979,000 after purchasing an additional 573,908 shares during the last quarter. Swedbank AB grew its stake in shares of Cooper Companies by 14.0% during the fourth quarter. Swedbank AB now owns 1,629,602 shares of the medical device company’s stock worth $149,809,000 after purchasing an additional 200,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cooper Companies by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,818,610 shares of the medical device company’s stock valued at $200,665,000 after buying an additional 194,118 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new position in Cooper Companies in the third quarter valued at $19,310,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Cooper Companies Trading Up 0.2 %

Shares of Cooper Companies stock opened at $90.26 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The company has a market capitalization of $18.01 billion, a P/E ratio of 46.29, a PEG ratio of 2.25 and a beta of 1.00. The Cooper Companies, Inc. has a 1 year low of $84.76 and a 1 year high of $112.38. The company’s fifty day moving average is $92.78 and its two-hundred day moving average is $99.61.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings results on Thursday, December 5th. The medical device company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. Analysts forecast that The Cooper Companies, Inc. will post 3.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COO. Wells Fargo & Company upped their price objective on Cooper Companies from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley lowered their price target on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a report on Friday, December 6th. Citigroup lowered their target price on shares of Cooper Companies from $116.00 to $115.00 and set a “buy” rating for the company in a report on Friday, December 6th. Finally, StockNews.com lowered shares of Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.00.

Cooper Companies Company Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.