Zimmer Biomet
About: Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints; another fourth comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.
Employees: 18,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3% less funds holding
Funds holding: 992 [Q2] → 962 (-30) [Q3]
3.94% less ownership
Funds ownership: 93.27% [Q2] → 89.33% (-3.94%) [Q3]
6% less capital invested
Capital invested by funds: $20.8B [Q2] → $19.6B (-$1.21B) [Q3]
16% less first-time investments, than exits
New positions opened: 80 | Existing positions closed: 95
25% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 6 (-2) [Q3]
26% less repeat investments, than reductions
Existing positions increased: 293 | Existing positions reduced: 394
59% less call options, than puts
Call options by funds: $53.7M | Put options by funds: $131M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Truist Securities Richard Newitter 79% 1-year accuracy 33 / 42 met price target | 8%upside $118 | Hold Maintained | 18 Dec 2024 |
JP Morgan Robbie Marcus 62% 1-year accuracy 13 / 21 met price target | 17%upside $128 | Overweight Upgraded | 17 Dec 2024 |
Barclays Matt Miksic 67% 1-year accuracy 24 / 36 met price target | 8%upside $118 | Underweight Maintained | 12 Dec 2024 |
RBC Capital Shagun Singh 46% 1-year accuracy 32 / 69 met price target | 14%upside $125 | Outperform Maintained | 4 Nov 2024 |
Wells Fargo Larry Biegelsen 63% 1-year accuracy 29 / 46 met price target | 7%upside $117 | Equal-Weight Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 4 articles about ZBH published over the past 30 days
