State of Wisconsin Investment Board Takes $519,000 Position in Phibro Animal Health Corporation (PAHC)

State of Wisconsin Investment Board purchased a new position in Phibro Animal Health Corporation (NASDAQ:PAHC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,000 shares of the company’s stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PAHC. Bank of Montreal Can increased its position in shares of Phibro Animal Health Corporation by 1,335.9% in the first quarter. Bank of Montreal Can now owns 44,886 shares of the company’s stock worth $1,261,000 after purchasing an additional 41,760 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Phibro Animal Health Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock worth $211,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Phibro Animal Health Corporation in the first quarter worth $748,000. Wells Fargo & Company MN increased its position in shares of Phibro Animal Health Corporation by 0.7% in the first quarter. Wells Fargo & Company MN now owns 125,941 shares of the company’s stock worth $3,540,000 after purchasing an additional 932 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Phibro Animal Health Corporation by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 26,554 shares of the company’s stock worth $745,000 after purchasing an additional 1,802 shares during the period. Institutional investors own 48.35% of the company’s stock.

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In other Phibro Animal Health Corporation news, major shareholder Bfi Co., Llc sold 48,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $34.82, for a total value of $1,671,360.00. Following the transaction, the insider now directly owns 96,000 shares in the company, valued at approximately $3,342,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel M. Bendheim sold 5,938 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $40.04, for a total value of $237,757.52. Following the completion of the transaction, the vice president now owns 300 shares in the company, valued at $12,012. The disclosure for this sale can be found here. Insiders sold a total of 381,689 shares of company stock worth $13,898,249 over the last 90 days. Corporate insiders own 48.09% of the company’s stock.

Shares of Phibro Animal Health Corporation (NASDAQ PAHC) opened at 36.55 on Wednesday. Phibro Animal Health Corporation has a 1-year low of $24.83 and a 1-year high of $40.25. The company has a 50-day moving average price of $38.25 and a 200 day moving average price of $33.63. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 22.70 and a beta of 1.36.

Phibro Animal Health Corporation (NASDAQ:PAHC) last announced its earnings results on Wednesday, August 30th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $194.84 million for the quarter, compared to analyst estimates of $192.47 million. Phibro Animal Health Corporation had a return on equity of 47.88% and a net margin of 8.45%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. On average, equities research analysts predict that Phibro Animal Health Corporation will post $1.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.09%. Phibro Animal Health Corporation’s dividend payout ratio is currently 24.69%.

PAHC has been the topic of a number of recent analyst reports. Credit Suisse Group raised their price target on Phibro Animal Health Corporation from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. BidaskClub raised Phibro Animal Health Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Piper Jaffray Companies set a $35.00 price objective on Phibro Animal Health Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $33.00 price objective on shares of Phibro Animal Health Corporation in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.00.

Phibro Animal Health Corporation 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 Corporation (NASDAQ:PAHC)

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