Phibro Animal Health (PAHC) Sets New 12-Month Low at $32.02

Shares of Phibro Animal Health Corp (NASDAQ:PAHC) reached a new 52-week low on Thursday . The company traded as low as $32.02 and last traded at $32.78, with a volume of 3129 shares traded. The stock had previously closed at $32.99.

A number of analysts recently weighed in on PAHC shares. Zacks Investment Research lowered shares of Phibro Animal Health from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. BidaskClub raised shares of Phibro Animal Health from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Morgan Stanley increased their price objective on shares of Phibro Animal Health from $36.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 29th. Finally, ValuEngine lowered shares of Phibro Animal Health from a “buy” rating to a “hold” rating in a research report on Monday, November 12th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $43.50.

The stock has a market capitalization of $1.33 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.83 and a beta of 0.77. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.82 and a current ratio of 3.26.

Phibro Animal Health (NASDAQ:PAHC) last issued its earnings results on Tuesday, November 6th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The company had revenue of $200.20 million for the quarter, compared to analysts’ expectations of $203.99 million. Phibro Animal Health had a return on equity of 38.91% and a net margin of 7.89%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Analysts predict that Phibro Animal Health Corp will post 1.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 27th. This is a positive change from Phibro Animal Health’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. Phibro Animal Health’s dividend payout ratio (DPR) is 27.59%.

In other news, insider Dean J. Warras sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $42.84, for a total transaction of $428,400.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $428,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel M. Bendheim sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $44.30, for a total transaction of $110,750.00. Following the transaction, the vice president now directly owns 2,500 shares in the company, valued at $110,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,020 shares of company stock worth $562,571. Corporate insiders own 50.29% of the company’s stock.

Several large investors have recently modified their holdings of PAHC. Victory Capital Management Inc. increased its holdings in Phibro Animal Health by 15.9% during the second quarter. Victory Capital Management Inc. now owns 8,095 shares of the company’s stock valued at $373,000 after buying an additional 1,108 shares during the period. FMR LLC increased its holdings in Phibro Animal Health by 0.7% during the second quarter. FMR LLC now owns 171,107 shares of the company’s stock valued at $7,879,000 after buying an additional 1,109 shares during the period. Macquarie Group Ltd. increased its holdings in Phibro Animal Health by 16.3% during the second quarter. Macquarie Group Ltd. now owns 9,998 shares of the company’s stock valued at $460,000 after buying an additional 1,400 shares during the period. Meeder Asset Management Inc. increased its holdings in Phibro Animal Health by 34.9% during the third quarter. Meeder Asset Management Inc. now owns 6,028 shares of the company’s stock valued at $258,000 after buying an additional 1,558 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Phibro Animal Health by 3.8% during the third quarter. Alliancebernstein L.P. now owns 65,520 shares of the company’s stock valued at $2,811,000 after buying an additional 2,400 shares during the period. 49.63% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Phibro Animal Health (PAHC) Sets New 12-Month Low at $32.02” was first reported by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.wkrb13.com/2018/12/08/phibro-animal-health-pahc-sets-new-12-month-low-at-32-02.html.

About Phibro Animal Health (NASDAQ:PAHC)

Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.

Read More: Marijuana Stocks Investing Considerations

Receive News & Ratings for Phibro Animal Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phibro Animal Health and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply