State Board of Administration of Florida Retirement System reduced its holdings in Phibro Animal Health Corp (NASDAQ:PAHC) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,677 shares of the company’s stock after selling 1,441 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of Phibro Animal Health worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Phibro Animal Health by 74.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,361 shares of the company’s stock valued at $29,000 after buying an additional 581 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of Phibro Animal Health by 11.0% in the third quarter. State of Tennessee Treasury Department now owns 8,860 shares of the company’s stock valued at $189,000 after buying an additional 876 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Phibro Animal Health by 799.8% in the second quarter. Royal Bank of Canada now owns 9,025 shares of the company’s stock valued at $287,000 after buying an additional 8,022 shares in the last quarter. Zebra Capital Management LLC grew its stake in shares of Phibro Animal Health by 52.7% in the third quarter. Zebra Capital Management LLC now owns 13,707 shares of the company’s stock valued at $292,000 after buying an additional 4,731 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Phibro Animal Health by 77.5% in the third quarter. Nisa Investment Advisors LLC now owns 21,010 shares of the company’s stock valued at $448,000 after buying an additional 9,176 shares in the last quarter. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Shares of Phibro Animal Health stock opened at $26.81 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.71 and a debt-to-equity ratio of 1.64. The business’s 50 day simple moving average is $25.80 and its 200-day simple moving average is $24.56. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 10.52 and a beta of 0.78. Phibro Animal Health Corp has a twelve month low of $20.00 and a twelve month high of $36.98.

Phibro Animal Health (NASDAQ:PAHC) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $214.00 million for the quarter, compared to analysts’ expectations of $218.87 million. Phibro Animal Health had a return on equity of 23.94% and a net margin of 4.67%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Sell-side analysts predict that Phibro Animal Health Corp will post 1.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, March 3rd. Phibro Animal Health’s dividend payout ratio is currently 31.37%.

A number of brokerages recently commented on PAHC. BidaskClub downgraded Phibro Animal Health from a “buy” rating to a “hold” rating in a report on Saturday, February 1st. ValuEngine downgraded Phibro Animal Health from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Gabelli downgraded Phibro Animal Health from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Thursday, February 6th. They noted that the move was a valuation call. Barclays raised Phibro Animal Health from an “underweight” rating to an “equal weight” rating and set a $23.00 price target for the company in a report on Tuesday, January 28th. Finally, G.Research downgraded Phibro Animal Health from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.20.

Phibro Animal Health Company Profile

Phibro Animal Health Corporation operates as a diversified animal health and mineral nutrition company primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture.

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Institutional Ownership by Quarter for Phibro Animal Health (NASDAQ:PAHC)

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