Phibro Animal Health Corp (NASDAQ:PAHC) VP Daniel M. Bendheim sold 6,576 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $40.03, for a total transaction of $263,237.28. Following the transaction, the vice president now directly owns 3,425 shares in the company, valued at approximately $137,102.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Phibro Animal Health Corp (PAHC) opened at $40.45 on Tuesday. Phibro Animal Health Corp has a fifty-two week low of $26.70 and a fifty-two week high of $40.85. The company has a market cap of $1,630.00, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.97. The company has a quick ratio of 1.75, a current ratio of 3.12 and a debt-to-equity ratio of 1.82.
Phibro Animal Health (NASDAQ:PAHC) last announced its earnings results on Monday, February 5th. The company reported $0.44 EPS for the quarter, topping the 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 analysts’ expectations of $194.90 million. During the same period last year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts predict that Phibro Animal Health Corp will post 1.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, March 6th. Phibro Animal Health’s payout ratio is 23.39%.
Institutional investors and hedge funds have recently made changes to their positions in the business. First Manhattan Co. acquired a new position in shares of Phibro Animal Health in the fourth quarter worth about $100,000. Dean Capital Investments Management LLC acquired a new position in shares of Phibro Animal Health in the fourth quarter worth about $200,000. Teacher Retirement System of Texas acquired a new position in shares of Phibro Animal Health in the fourth quarter worth about $224,000. Crossmark Global Holdings Inc. acquired a new position in shares of Phibro Animal Health in the fourth quarter worth about $253,000. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of Phibro Animal Health by 65.9% in the third 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 period. Institutional investors own 48.09% of the company’s stock.
PAHC has been the topic of several recent research reports. BidaskClub raised shares of Phibro Animal Health from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 3rd. ValuEngine raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Thursday, February 8th. Morgan Stanley lifted 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. Finally, Credit Suisse Group lifted 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 given a hold rating and three have issued a buy rating to the company. Phibro Animal Health currently has an average rating of “Hold” and an average target price of $38.20.
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Phibro Animal Health Company 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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