VCA Inc (WOOF) Shares Bought by State Street Corp
State Street Corp grew its stake in VCA Inc (NASDAQ:WOOF) by 21.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,510,433 shares of the company’s stock after purchasing an additional 436,985 shares during the quarter. State Street Corp owned approximately 3.09% of VCA worth $231,737,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in WOOF. BlackRock Inc. grew its position in shares of VCA by 14.9% in the second quarter. BlackRock Inc. now owns 7,282,530 shares of the company’s stock valued at $672,251,000 after purchasing an additional 941,647 shares during the period. JPMorgan Chase & Co. grew its position in shares of VCA by 66.0% in the second quarter. JPMorgan Chase & Co. now owns 2,002,665 shares of the company’s stock valued at $184,867,000 after purchasing an additional 795,972 shares during the period. Glazer Capital LLC grew its position in shares of VCA by 185.4% in the second quarter. Glazer Capital LLC now owns 927,693 shares of the company’s stock valued at $85,635,000 after purchasing an additional 602,693 shares during the period. Goldman Sachs Group Inc. grew its position in shares of VCA by 31.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,781,024 shares of the company’s stock valued at $164,407,000 after purchasing an additional 423,497 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of VCA by 967.4% in the second quarter. Canada Pension Plan Investment Board now owns 416,300 shares of the company’s stock valued at $38,429,000 after purchasing an additional 377,300 shares during the period. Institutional investors and hedge funds own 76.52% of the company’s stock.
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VCA Inc (WOOF) opened at 92.98 on Tuesday. The stock has a 50 day moving average of $92.82 and a 200 day moving average of $92.24. The stock has a market capitalization of $7.56 billion, a P/E ratio of 34.94 and a beta of 1.01. VCA Inc has a 1-year low of $59.51 and a 1-year high of $93.00.
VCA (NASDAQ:WOOF) last released its earnings results on Wednesday, July 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.02. The company had revenue of $743.13 million for the quarter, compared to analyst estimates of $735.75 million. VCA had a net margin of 9.48% and a return on equity of 17.32%. During the same period in the prior year, the firm earned $0.87 EPS. On average, analysts expect that VCA Inc will post $3.23 earnings per share for the current year.
Several analysts have recently issued reports on the stock. BidaskClub lowered shares of VCA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of VCA from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $93.00 target price on shares of VCA in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $92.17.
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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