Millstone Evans Group LLC Acquires Shares of 1,712 GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Millstone Evans Group LLC purchased a new position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,712 shares of the company’s stock, valued at approximately $134,000.

Other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of GE HealthCare Technologies during the fourth quarter worth approximately $80,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of GE HealthCare Technologies by 4.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 77,355 shares of the company’s stock worth $6,047,000 after purchasing an additional 3,240 shares during the period. Whittier Trust Co. boosted its holdings in shares of GE HealthCare Technologies by 4.4% during the fourth quarter. Whittier Trust Co. now owns 126,897 shares of the company’s stock worth $9,921,000 after purchasing an additional 5,328 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of GE HealthCare Technologies by 38.6% during the fourth quarter. iA Global Asset Management Inc. now owns 64,538 shares of the company’s stock worth $5,046,000 after purchasing an additional 17,987 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of GE HealthCare Technologies by 167.8% during the fourth quarter. Teacher Retirement System of Texas now owns 112,203 shares of the company’s stock worth $8,772,000 after purchasing an additional 70,300 shares during the period. 82.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GEHC shares. Wells Fargo & Company raised their price target on shares of GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $95.00 to $103.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of GE HealthCare Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $100.00 in a research note on Tuesday, March 11th. Finally, Citigroup lifted their target price on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

GE HealthCare Technologies Trading Down 0.4 %

NASDAQ:GEHC opened at $81.49 on Friday. GE HealthCare Technologies Inc. has a 12 month low of $74.51 and a 12 month high of $94.80. The firm has a market cap of $37.27 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 3.19 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $87.02 and its 200-day moving average is $86.03.

GE HealthCare Technologies (NASDAQ:GEHC) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.19. GE HealthCare Technologies had a net margin of 10.13% and a return on equity of 25.74%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.33 billion. Equities analysts anticipate that GE HealthCare Technologies Inc. will post 4.68 EPS for the current year.

GE HealthCare Technologies Company Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.