Baird Financial Group Inc. Buys 26,245 Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON)

Baird Financial Group Inc. raised its holdings in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 137.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,340 shares of the company’s stock after buying an additional 26,245 shares during the quarter. Baird Financial Group Inc.’s holdings in Concentra Group Holdings Parent were worth $897,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CON. Barclays PLC bought a new position in Concentra Group Holdings Parent during the third quarter valued at $710,000. Franklin Resources Inc. bought a new position in Concentra Group Holdings Parent during the third quarter valued at $3,336,000. Sovereign Financial Group Inc. bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at $402,000. Argent Capital Management LLC bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at $644,000. Finally, Romano Brothers AND Company bought a new position in Concentra Group Holdings Parent during the fourth quarter valued at $1,211,000.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America increased 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 research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Trading Down 0.3%

Shares of CON opened at $21.34 on Thursday. Concentra Group Holdings Parent, Inc. has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a market cap of $2.72 billion and a P/E ratio of 15.93. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company’s fifty day simple moving average is $21.13 and its 200-day simple moving average is $21.32.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to analysts’ expectations of $496.06 million. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. As a group, analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

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

About Concentra Group Holdings Parent

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.