Principal Financial Group Inc. Has $1.23 Million Stock Holdings in Phibro Animal Health Co. (NASDAQ:PAHC)

Principal Financial Group Inc. lowered its position in shares of Phibro Animal Health Co. (NASDAQ:PAHCFree Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,985 shares of the company’s stock after selling 3,958 shares during the quarter. Principal Financial Group Inc. owned 0.26% of Phibro Animal Health worth $1,227,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its stake in shares of Phibro Animal Health by 358.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $27,000 after buying an additional 1,843 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Phibro Animal Health by 19.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,500 shares of the company’s stock valued at $98,000 after purchasing an additional 1,370 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Phibro Animal Health in the fourth quarter valued at approximately $118,000. Illinois Municipal Retirement Fund acquired a new position in shares of Phibro Animal Health during the 3rd quarter worth approximately $162,000. Finally, Williams & Novak LLC bought a new stake in shares of Phibro Animal Health during the 4th quarter worth approximately $196,000. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PAHC shares. StockNews.com raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Barclays lifted their price objective on shares of Phibro Animal Health from $10.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.75.

Get Our Latest Stock Report on PAHC

Phibro Animal Health Stock Down 1.0 %

PAHC stock opened at $17.63 on Monday. The business’s 50 day simple moving average is $15.32 and its 200 day simple moving average is $12.89. Phibro Animal Health Co. has a 1-year low of $9.40 and a 1-year high of $18.70. The firm has a market capitalization of $714.02 million, a PE ratio of 55.10, a PEG ratio of 5.84 and a beta of 0.63. The company has a current ratio of 3.16, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Phibro Animal Health (NASDAQ:PAHCGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $263.20 million for the quarter, compared to analyst estimates of $251.82 million. Phibro Animal Health had a net margin of 1.32% and a return on equity of 17.11%. As a group, research analysts anticipate that Phibro Animal Health Co. will post 1.13 EPS for the current year.

Phibro Animal Health Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, June 5th. Phibro Animal Health’s dividend payout ratio is presently 150.00%.

Phibro Animal Health Company Profile

(Free Report)

Phibro Animal Health Corporation operates as an animal health and mineral nutrition company in the United States, Israel, Brazil, Ireland, and internationally. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets various products for food and companion animals including poultry, swine, beef and dairy cattle, aquaculture, and dogs.

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

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