M&T Bank Corp Has $5.62 Million Position in Perrigo Company plc (PRGO)
M&T Bank Corp decreased its position in shares of Perrigo Company plc (NYSE:PRGO) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,518 shares of the company’s stock after selling 3,005 shares during the period. M&T Bank Corp’s holdings in Perrigo were worth $5,622,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PRGO. Teacher Retirement System of Texas bought a new stake in shares of Perrigo in the 4th quarter worth about $3,078,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Perrigo by 5.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,906 shares of the company’s stock valued at $1,780,000 after buying an additional 944 shares during the last quarter. Blue Sky Asset Management LLC bought a new stake in shares of Perrigo during the 4th quarter valued at about $1,470,000. Crossmark Global Holdings Inc. grew its position in shares of Perrigo by 8.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,741 shares of the company’s stock valued at $675,000 after buying an additional 595 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of Perrigo during the 4th quarter valued at about $610,000. 83.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Perrigo Company plc (NYSE:PRGO) opened at $85.81 on Wednesday. The firm has a market cap of $12,013.71, a P/E ratio of 17.41, a PEG ratio of 1.82 and a beta of 0.76. Perrigo Company plc has a one year low of $63.68 and a one year high of $95.93. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 0.54.
A number of brokerages recently weighed in on PRGO. Cantor Fitzgerald set a $107.00 price objective on shares of Perrigo and gave the company a “buy” rating in a research report on Friday, February 9th. Berenberg Bank assumed coverage on shares of Perrigo in a research note on Thursday, February 1st. They set a “buy” rating and a $117.00 target price for the company. Canaccord Genuity reissued a “buy” rating and set a $100.00 target price on shares of Perrigo in a research note on Wednesday, January 17th. Finally, Leerink Swann assumed coverage on shares of Perrigo in a research note on Tuesday, January 2nd. They set a “market perform” rating and a $90.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average 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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