Nisa Investment Advisors LLC grew its stake in shares of Perrigo Company plc (NYSE:PRGO) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,300 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Perrigo were worth $1,072,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Sentry Investment Management LLC increased its holdings in shares of Perrigo by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 11,028 shares of the company’s stock worth $833,000 after acquiring an additional 117 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Perrigo by 0.4% during the 2nd quarter. Nationwide Fund Advisors now owns 55,199 shares of the company’s stock worth $4,169,000 after acquiring an additional 200 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Perrigo by 7.8% during the 2nd quarter. Bank of Nova Scotia now owns 3,469 shares of the company’s stock worth $262,000 after acquiring an additional 250 shares during the last quarter. QS Investors LLC increased its holdings in shares of Perrigo by 3.8% during the 2nd quarter. QS Investors LLC now owns 6,875 shares of the company’s stock worth $519,000 after acquiring an additional 253 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Perrigo by 10.9% during the 3rd quarter. Brown Advisory Inc. now owns 6,245 shares of the company’s stock worth $529,000 after acquiring an additional 613 shares during the last quarter. 83.27% of the stock is currently owned by hedge funds and other institutional investors.
Perrigo Company plc (NYSE:PRGO) traded up $0.85 during trading hours on Wednesday, hitting $86.66. The stock had a trading volume of 743,162 shares, compared to its average volume of 971,101. The company has a market cap of $12,013.71, a P/E ratio of -9.46, a price-to-earnings-growth ratio of 1.82 and a beta of 0.76. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 0.54. Perrigo Company plc has a 1 year low of $63.68 and a 1 year high of $95.93.
In other Perrigo news, EVP John Wesolowski acquired 700 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average cost of $85.80 per share, for a total transaction of $60,060.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd W. Kingma sold 1,500 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $88.52, for a total value of $132,780.00. Following the sale, the vice president now owns 19,565 shares of the company’s stock, valued at $1,731,893.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,051 shares of company stock valued at $355,370. Corporate insiders own 6.90% of the company’s stock.
PRGO has been the topic of a number of recent analyst reports. BidaskClub lowered Perrigo from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Cantor Fitzgerald set a $107.00 price target on Perrigo and gave the company a “buy” rating in a research note on Friday, October 20th. Jefferies Group set a $71.00 price target on Perrigo and gave the company a “hold” rating in a research note on Sunday, October 29th. Royal Bank of Canada upgraded Perrigo from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $64.00 to $86.00 in a research note on Friday, November 10th. Finally, Morgan Stanley boosted their price target on Perrigo from $79.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Perrigo presently has a consensus rating of “Hold” and a consensus price target of $93.47.
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Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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