Cantillon Capital Management LLC Buys 291,893 Shares of Entegris, Inc. (NASDAQ:ENTG)

Cantillon Capital Management LLC grew its stake in Entegris, Inc. (NASDAQ:ENTG) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,616,354 shares of the semiconductor company’s stock after acquiring an additional 291,893 shares during the period. Entegris makes up 1.6% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Cantillon Capital Management LLC’s holdings in Entegris were worth $259,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Entegris in the 3rd quarter valued at about $29,000. Blue Trust Inc. increased its stake in shares of Entegris by 221.3% in the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 239 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Entegris by 195.7% in the 4th quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 274 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Entegris in the 4th quarter valued at approximately $42,000. Finally, Covestor Ltd grew its position in shares of Entegris by 241.8% in the 3rd quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the period.

Insider Activity

In other news, SVP Clinton M. Haris sold 12,652 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the completion of the sale, the senior vice president now owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. This represents a 26.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Olivier Blachier sold 984 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.00, for a total value of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Entegris Trading Up 3.8 %

NASDAQ:ENTG opened at $101.22 on Friday. Entegris, Inc. has a twelve month low of $94.92 and a twelve month high of $147.57. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $102.89 and a two-hundred day moving average price of $106.25. The company has a market cap of $15.30 billion, a P/E ratio of 52.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. As a group, analysts expect that Entegris, Inc. will post 3.51 EPS for the current fiscal year.

Entegris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, January 29th. Entegris’s payout ratio is presently 20.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ENTG shares. KeyCorp decreased their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. StockNews.com lowered Entegris from a “hold” rating to a “sell” rating in a research report on Thursday. Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets decreased their price objective on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Craig Hallum decreased their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and an average price target of $124.88.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).