Catalent Inc (CTLT) is GW&K Investment Management LLC’s 3rd Largest Position

GW&K Investment Management LLC trimmed its position in Catalent Inc (NYSE:CTLT) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,888,234 shares of the company’s stock after selling 5,769 shares during the quarter. Catalent makes up 1.4% of GW&K Investment Management LLC’s portfolio, making the stock its 3rd biggest position. GW&K Investment Management LLC’s holdings in Catalent were worth $86,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CTLT. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Catalent during the 2nd quarter valued at about $145,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Catalent by 105.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,515 shares of the company’s stock valued at $147,000 after purchasing an additional 1,800 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Catalent during the 3rd quarter valued at about $217,000. Hartford Investment Management Co. bought a new position in shares of Catalent during the 2nd quarter valued at about $220,000. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Catalent by 1,895.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 5,309 shares of the company’s stock valued at $222,000 after purchasing an additional 5,043 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

In other news, insider Barry Littlejohns sold 47,265 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $41.64, for a total transaction of $1,968,114.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lance Miyamoto sold 6,525 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $42.50, for a total value of $277,312.50. The disclosure for this sale can be found here. Insiders sold a total of 184,335 shares of company stock worth $8,161,727 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Several equities analysts have recently weighed in on CTLT shares. Zacks Investment Research cut Catalent from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. First Analysis upgraded Catalent from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $47.00 to $43.00 in a report on Wednesday, November 7th. Royal Bank of Canada set a $44.00 price objective on Catalent and gave the company a “buy” rating in a report on Wednesday, November 7th. UBS Group started coverage on Catalent in a report on Tuesday, October 9th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, TheStreet cut Catalent from a “b-” rating to a “c+” rating in a report on Wednesday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.11.

NYSE CTLT opened at $37.51 on Monday. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.23 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.79 and a debt-to-equity ratio of 1.44. Catalent Inc has a 52 week low of $34.24 and a 52 week high of $47.87.

Catalent (NYSE:CTLT) last released its earnings results on Tuesday, November 6th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $551.80 million for the quarter, compared to analysts’ expectations of $582.44 million. Catalent had a return on equity of 19.13% and a net margin of 2.65%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. As a group, equities analysts expect that Catalent Inc will post 1.72 EPS for the current year.

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Catalent Company Profile

Catalent, Inc provides delivery technologies and development solutions for drugs, biologics, and consumer and animal health products worldwide. It operates through four segments: Softgel Technologies, Biologics and Specialty Drug Delivery, Oral Drug Delivery, and Clinical Supply Services. The Softgel Technologies segment formulates, develops, and manufactures prescription and consumer soft capsules for use in a range of customer products, such as prescription drugs, over-the-counter medications, dietary supplements, unit-dose cosmetics, and animal health medicinal preparations.

Further Reading: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for Catalent (NYSE:CTLT)

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