Teachers Advisors LLC Grows Holdings in Phibro Animal Health Corp (PAHC)

Teachers Advisors LLC boosted its position in shares of Phibro Animal Health Corp (NASDAQ:PAHC) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,700 shares of the company’s stock after purchasing an additional 5,692 shares during the period. Teachers Advisors LLC owned about 0.88% of Phibro Animal Health worth $11,815,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PAHC. First Manhattan Co. bought a new position in Phibro Animal Health during the 4th quarter worth about $100,000. Dean Capital Investments Management LLC bought a new position in Phibro Animal Health during the 4th quarter worth about $200,000. Teacher Retirement System of Texas acquired a new position in shares of Phibro Animal Health during the 4th quarter worth about $224,000. Crossmark Global Holdings Inc. acquired a new position in shares of Phibro Animal Health during the 4th quarter worth about $253,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Phibro Animal Health by 65.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,250 shares of the company’s stock worth $269,000 after buying an additional 2,880 shares during the last quarter. Hedge funds and other institutional investors own 48.07% of the company’s stock.

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In related news, insider Dean J. Warras sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $35.62, for a total value of $356,200.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $356,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Larry Lee Miller sold 54,572 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $35.36, for a total transaction of $1,929,665.92. Following the completion of the sale, the chief operating officer now owns 8,582 shares of the company’s stock, valued at $303,459.52. The disclosure for this sale can be found here. Insiders sold a total of 276,056 shares of company stock valued at $10,495,260 over the last quarter. 51.88% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on PAHC shares. BidaskClub upgraded shares of Phibro Animal Health from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 3rd. ValuEngine upgraded shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley increased their price objective on shares of Phibro Animal Health from $30.00 to $36.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Phibro Animal Health from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Credit Suisse Group increased their price objective on shares of Phibro Animal Health from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Phibro Animal Health presently has a consensus rating of “Hold” and an average target price of $38.20.

Phibro Animal Health stock opened at $39.70 on Monday. Phibro Animal Health Corp has a one year low of $26.70 and a one year high of $41.05. The company has a debt-to-equity ratio of 1.82, a current ratio of 3.12 and a quick ratio of 1.75. The stock has a market cap of $1,595.58, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.82 and a beta of 0.97.

Phibro Animal Health (NASDAQ:PAHC) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. Phibro Animal Health had a net margin of 7.90% and a return on equity of 40.49%. The company had revenue of $205.90 million during the quarter, compared to the consensus estimate of $194.90 million. During the same period in the prior year, the business posted $0.39 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. sell-side analysts expect that Phibro Animal Health Corp will post 1.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.40 annualized dividend and a yield of 1.01%. Phibro Animal Health’s dividend payout ratio (DPR) is currently 26.49%.

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Phibro Animal Health Profile

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

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Institutional Ownership by Quarter for Phibro Animal Health (NASDAQ:PAHC)

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