Norges Bank Buys New Stake in Catalent Inc (NYSE:CTLT)

Norges Bank purchased a new stake in Catalent Inc (NYSE:CTLT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,513,063 shares of the company’s stock, valued at approximately $47,177,000. Norges Bank owned about 1.04% of Catalent as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new stake in shares of Catalent during the fourth quarter worth about $47,000. Bremer Trust National Association acquired a new stake in shares of Catalent during the fourth quarter worth about $54,000. Enlightenment Research LLC acquired a new stake in shares of Catalent during the fourth quarter worth about $56,000. First Bank & Trust raised its position in shares of Catalent by 13.9% during the fourth quarter. First Bank & Trust now owns 4,600 shares of the company’s stock worth $143,000 after purchasing an additional 563 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Catalent during the fourth quarter worth about $194,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Catalent stock traded up $1.37 during midday trading on Friday, reaching $45.79. The stock had a trading volume of 938,248 shares, compared to its average volume of 881,929. The firm has a market cap of $6.67 billion, a PE ratio of 28.80, a P/E/G ratio of 2.36 and a beta of 1.70. Catalent Inc has a 1-year low of $29.23 and a 1-year high of $46.43. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 2.08.

Catalent (NYSE:CTLT) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $623.00 million for the quarter, compared to analyst estimates of $608.38 million. Catalent had a return on equity of 17.42% and a net margin of 5.48%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, equities research analysts predict that Catalent Inc will post 1.69 EPS for the current year.

In other Catalent news, SVP William Downie sold 7,315 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $42.00, for a total transaction of $307,230.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Aristippos Gennadios sold 3,392 shares of Catalent stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $42.18, for a total value of $143,074.56. The disclosure for this sale can be found here. Insiders have sold a total of 54,326 shares of company stock worth $2,303,676 in the last ninety days. Insiders own 1.40% of the company’s stock.

CTLT has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Catalent from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. First Analysis reissued an “outperform” rating and issued a $49.00 target price on shares of Catalent in a research report on Tuesday, March 5th. Zacks Investment Research raised Catalent from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, February 6th. TheStreet raised Catalent from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. Finally, ValuEngine raised Catalent from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.57.

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Catalent 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.

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Institutional Ownership by Quarter for Catalent (NYSE:CTLT)

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