Bessemer Group Inc. Has $113.86 Million Stake in DENTSPLY SIRONA Inc. (XRAY)
Bessemer Group Inc. lifted its holdings in shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) by 4,638.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,903,596 shares of the medical instruments supplier’s stock after buying an additional 1,863,424 shares during the period. Bessemer Group Inc. owned approximately 829,453.59% of DENTSPLY SIRONA worth $113,855,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of XRAY. Commonwealth Bank of Australia boosted its position in shares of DENTSPLY SIRONA by 19.0% during the second quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock worth $104,000 after buying an additional 260 shares during the period. Acrospire Investment Management LLC acquired a new stake in DENTSPLY SIRONA in the second quarter worth approximately $113,000. Dupont Capital Management Corp acquired a new stake in DENTSPLY SIRONA in the second quarter worth approximately $116,000. Korea Investment CORP lifted its position in DENTSPLY SIRONA by 139.9% in the second quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock worth $139,000 after purchasing an additional 1,251 shares during the period. Finally, Huntington National Bank acquired a new stake in DENTSPLY SIRONA in the third quarter worth approximately $157,000. Institutional investors and hedge funds own 93.71% of the company’s stock.
XRAY has been the subject of a number of research analyst reports. UBS AG restated a “neutral” rating and issued a $59.00 target price (down from $62.00) on shares of DENTSPLY SIRONA in a research report on Thursday, August 10th. BidaskClub downgraded DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Jefferies Group LLC cut their target price on DENTSPLY SIRONA from $72.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Finally, Cleveland Research downgraded DENTSPLY SIRONA from a “buy” rating to a “neutral” rating in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. DENTSPLY SIRONA currently has an average rating of “Hold” and a consensus target price of $67.00.
Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) traded down $0.10 during trading hours on Thursday, hitting $64.41. The stock had a trading volume of 363,760 shares, compared to its average volume of 2,084,490. DENTSPLY SIRONA Inc. has a one year low of $52.53 and a one year high of $67.95. The firm has a market cap of $14,775.32, a P/E ratio of 25.65, a PEG ratio of 2.54 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.32 and a quick ratio of 1.59.
DENTSPLY SIRONA (NASDAQ:XRAY) last announced its quarterly earnings data on Friday, November 3rd. The medical instruments supplier reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. DENTSPLY SIRONA had a positive return on equity of 7.56% and a negative net margin of 20.33%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $978.99 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts expect that DENTSPLY SIRONA Inc. will post 2.66 earnings per share for the current fiscal year.
About DENTSPLY SIRONA
DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.
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