11 Best Cosmetic Surgery and Aesthetics Stocks to Invest in Now

3. Zimmer Biomet Holdings Inc. (NYSE:ZBH)

Number of Hedge Fund Investors: 43 

One of the Best Aesthetics Stocks, Zimmer Biomet Holdings, Inc. (NYSE:ZBH) is a company that designs, produces, and sells orthopedic surgical instruments, supplies, and reconstructive implants. In the US, Europe, and Japan, the firm now has the largest portion of the reconstructive market with its acquisitions of Centerpulse in 2003 and Biomet in 2015. Large joint sales account for almost two-thirds of overall revenue, with extremities, trauma, sports medicine, and associated surgical products accounting for the remaining fourth. In 2022, the company separated its dental and spine businesses.

Although the pandemic halted growth, Zimmer Biomet Holdings, Inc. (NYSE:ZBH)’s efforts to turn itself around have been commendable. The business is currently attempting to profit from the normalization of procedure volume and Rosa robot placements. The deployment of Zimmer Biomet’s Rosa robots in ambulatory surgical centers and hospitals has advanced significantly, opening the door for higher-margin implant pull-through.

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) reported strong third-quarter 2024 results, with tight control of expenses and sustained mid-single-digit growth on the top line. Revenue increased by 4% YoY, owing to strong product demand, new launches, and contributions from recent acquisitions such as OrthoGrid Systems. Moreover, the cash grew by 98% YoY in this quarter.

Following its Q3 results, RBC Capital maintained its Outperform rating on Zimmer Biomet Holdings, Inc. (NYSE:ZBH)’s shares and increased its price objective from $120 to $125 on November 4, 2024. In a research note, the analyst notified investors that the company is now positioned for future growth as the quarter’s low point has passed. RBC noted, however, that it continues to support Zimmer’s focus on M&A and innovation.

Michael Rockefeller And Karl Kroeker’s Woodline Partners was the largest stakeholder in the company among the funds in Insider Monkey’s database. It owns 916,927 shares worth $98.98 million as of Q3.