New York State Common Retirement Fund Has $50.70 Million Stake in Icon Plc (ICLR)

New York State Common Retirement Fund lifted its holdings in shares of Icon Plc (NASDAQ:ICLR) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 445,200 shares of the medical research company’s stock after acquiring an additional 2,402 shares during the quarter. New York State Common Retirement Fund owned 0.82% of Icon worth $50,699,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ICLR. Koch Industries Inc. increased its position in shares of Icon by 17,508.8% during the second quarter. Koch Industries Inc. now owns 666,140 shares of the medical research company’s stock worth $659,000 after acquiring an additional 662,357 shares during the last quarter. FMR LLC increased its position in shares of Icon by 38.4% during the second quarter. FMR LLC now owns 2,291,005 shares of the medical research company’s stock worth $224,037,000 after acquiring an additional 635,950 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Icon by 48.4% during the second quarter. Janus Henderson Group PLC now owns 1,068,159 shares of the medical research company’s stock worth $104,488,000 after acquiring an additional 348,292 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of Icon by 2,674.8% during the second quarter. Mckinley Capital Management LLC Delaware now owns 338,520 shares of the medical research company’s stock worth $33,104,000 after acquiring an additional 326,320 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Icon by 71.5% in the third quarter. Principal Financial Group Inc. now owns 768,471 shares of the medical research company’s stock valued at $87,513,000 after buying an additional 320,356 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Icon Plc (ICLR) opened at $112.51 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.31. Icon Plc has a 52 week low of $73.76 and a 52 week high of $124.48. The company has a market capitalization of $6,311.42, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56.

Icon (NASDAQ:ICLR) last issued its earnings results on Thursday, October 26th. The medical research company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. Icon had a return on equity of 28.42% and a net margin of 16.37%. The company had revenue of $440.30 million during the quarter, compared to the consensus estimate of $438.09 million. During the same period in the previous year, the firm posted $1.19 earnings per share. Icon’s quarterly revenue was up 4.8% compared to the same quarter last year. equities research analysts predict that Icon Plc will post 5.36 EPS for the current year.

Several analysts recently weighed in on ICLR shares. Zacks Investment Research raised Icon from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Saturday, September 9th. Bank of America started coverage on Icon in a report on Monday, September 11th. They issued a “buy” rating and a $128.00 price objective for the company. Barclays boosted their price objective on Icon from $108.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. ValuEngine raised Icon from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $120.00 price objective (up from $105.00) on shares of Icon in a report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.00.

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Icon Company Profile

ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.

Institutional Ownership by Quarter for Icon (NASDAQ:ICLR)

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