Baird Financial Group Inc. Raises Position in Concentra Group Holdings Parent, Inc. (NYSE:CON)

Baird Financial Group Inc. increased its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 137.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,340 shares of the company’s stock after purchasing an additional 26,245 shares during the period. Baird Financial Group Inc.’s holdings in Concentra Group Holdings Parent were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CON. Price T Rowe Associates Inc. MD raised its holdings in shares of Concentra Group Holdings Parent by 450.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock valued at $342,994,000 after purchasing an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Concentra Group Holdings Parent by 421.0% during the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after purchasing an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Concentra Group Holdings Parent by 164.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock valued at $170,317,000 after purchasing an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $65,746,000. Finally, Norges Bank purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at approximately $46,270,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on CON shares. JPMorgan Chase & Co. boosted their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Finally, Bank of America upped their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of “Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

CON opened at $21.34 on Thursday. The firm has a market cap of $2.72 billion and a P/E ratio of 15.93. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a 50 day simple moving average of $21.13 and a two-hundred day simple moving average of $21.32. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share. Equities analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.17%. Concentra Group Holdings Parent’s payout ratio is currently 18.66%.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.