Strs Ohio Has $1.30 Million Stake in Perrigo Company PLC (NYSE:PRGO)

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Strs Ohio raised its position in Perrigo Company PLC (NYSE:PRGO) by 135.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,547 shares of the company’s stock after purchasing an additional 13,545 shares during the quarter. Strs Ohio’s holdings in Perrigo were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its holdings in shares of Perrigo by 0.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 25,303 shares of the company’s stock valued at $1,217,000 after acquiring an additional 210 shares in the last quarter. Aviva PLC grew its holdings in shares of Perrigo by 0.6% in the 1st quarter. Aviva PLC now owns 44,360 shares of the company’s stock valued at $2,133,000 after acquiring an additional 279 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Perrigo by 2.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 13,152 shares of the company’s stock valued at $632,000 after acquiring an additional 294 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Perrigo by 115.9% in the 1st quarter. Rockefeller Capital Management L.P. now owns 596 shares of the company’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in Perrigo by 6.0% during the first quarter. Cetera Advisors LLC now owns 5,941 shares of the company’s stock worth $286,000 after purchasing an additional 335 shares during the period. 83.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on PRGO shares. SVB Leerink lifted their price target on Perrigo from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. ValuEngine cut Perrigo from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Argus cut Perrigo from a “buy” rating to a “hold” rating in a report on Friday, April 17th. TheStreet upgraded Perrigo from a “c+” rating to a “b-” rating in a report on Thursday, July 23rd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Perrigo in a research report on Sunday, June 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $58.43.

Shares of PRGO opened at $53.02 on Friday. Perrigo Company PLC has a 1 year low of $40.01 and a 1 year high of $63.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.86 and a quick ratio of 1.29. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 13.48 and a beta of 1.20. The business has a 50-day moving average of $55.17 and a 200-day moving average of $53.73.

Perrigo (NYSE:PRGO) last issued its earnings results on Thursday, April 30th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.05. Perrigo had a return on equity of 9.72% and a net margin of 3.77%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Perrigo Company PLC will post 4.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.90 annualized dividend and a dividend yield of 1.70%. Perrigo’s payout ratio is 22.33%.

Perrigo Profile

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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