Agiliti (NYSE:AGTI) Trading Down 4.8%

Agiliti, Inc. (NYSE:AGTI) shares dropped 4.8% on Tuesday . The stock traded as low as $7.18 and last traded at $7.18. Approximately 158,298 shares were traded during trading, a decline of 43% from the average daily volume of 279,116 shares. The stock had previously closed at $7.54.

Wall Street Analyst Weigh In

AGTI has been the subject of several analyst reports. KeyCorp dropped their price target on shares of Agiliti from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, August 9th. Morgan Stanley cut shares of Agiliti from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $15.00 to $10.00 in a research report on Thursday, August 24th. Bank of America cut shares of Agiliti from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $11.00 in a research report on Tuesday, September 5th. Citigroup cut shares of Agiliti from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $13.00 in a research report on Tuesday, August 15th. Finally, Raymond James cut shares of Agiliti from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.14.

Agiliti Stock Performance

The stock has a market capitalization of $975.13 million, a PE ratio of 377.19, a PEG ratio of 11.22 and a beta of 1.33. The company’s 50-day moving average price is $12.63 and its 200 day moving average price is $14.22. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.38 and a current ratio of 1.82.

Agiliti (NYSE:AGTI) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Agiliti had a net margin of 0.38% and a return on equity of 8.70%. The company had revenue of $291.08 million during the quarter, compared to analysts’ expectations of $284.22 million. On average, equities research analysts expect that Agiliti, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Activity at Agiliti

In related news, CFO James B. Pekarek sold 15,000 shares of Agiliti stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $16.14, for a total transaction of $242,100.00. Following the completion of the transaction, the chief financial officer now directly owns 204,071 shares of the company’s stock, valued at approximately $3,293,705.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Agiliti news, Director Thomas J. Leonard sold 27,558 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $10.53, for a total transaction of $290,185.74. Following the completion of the sale, the director now directly owns 953,564 shares in the company, valued at approximately $10,041,028.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James B. Pekarek sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $16.14, for a total transaction of $242,100.00. Following the sale, the chief financial officer now owns 204,071 shares of the company’s stock, valued at $3,293,705.94. The disclosure for this sale can be found here. Insiders sold a total of 108,939 shares of company stock valued at $1,632,476 in the last three months. Company insiders own 4.16% of the company’s stock.

Institutional Trading of Agiliti

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Agiliti by 17.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,323 shares of the company’s stock valued at $85,000 after purchasing an additional 789 shares in the last quarter. Victory Capital Management Inc. increased its stake in Agiliti by 4.4% during the 2nd quarter. Victory Capital Management Inc. now owns 20,209 shares of the company’s stock valued at $333,000 after purchasing an additional 844 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Agiliti by 180.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,536 shares of the company’s stock worth $25,000 after acquiring an additional 989 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Agiliti by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 49,865 shares of the company’s stock worth $1,052,000 after acquiring an additional 1,150 shares during the period. Finally, American International Group Inc. grew its stake in shares of Agiliti by 10.1% in the second quarter. American International Group Inc. now owns 12,845 shares of the company’s stock worth $263,000 after acquiring an additional 1,177 shares during the period.

About Agiliti

Agiliti, Inc, together with its subsidiaries, provides healthcare technology management and service solutions to the healthcare industry in the United States. The company offers onsite managed services that are comprehensive programs for the management, reprocessing, and logistics of medical equipment at individual facilities and integrated delivery networks to monitor and adjust equipment quantities and availability to address fluctuations in patient census and acuity.