New York State Teachers Retirement System Cuts Stock Holdings in Phibro Animal Health Corporation (NASDAQ:PAHC)

New York State Teachers Retirement System lessened its stake in Phibro Animal Health Corporation (NASDAQ:PAHC) by 14.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,653 shares of the company’s stock after selling 775 shares during the quarter. New York State Teachers Retirement System’s holdings in Phibro Animal Health were worth $99,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PAHC. Point72 Asia Singapore Pte. Ltd. acquired a new position in Phibro Animal Health in the fourth quarter valued at $29,000. Lazard Asset Management LLC raised its holdings in shares of Phibro Animal Health by 2,739.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,647 shares of the company’s stock worth $34,000 after purchasing an additional 1,589 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Phibro Animal Health in the 4th quarter valued at about $69,000. Virtus Fund Advisers LLC acquired a new position in shares of Phibro Animal Health in the 4th quarter valued at about $69,000. Finally, Quantbot Technologies LP grew its holdings in shares of Phibro Animal Health by 65.1% during the 4th quarter. Quantbot Technologies LP now owns 5,116 shares of the company’s stock worth $107,000 after purchasing an additional 2,018 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Phibro Animal Health Price Performance

PAHC stock opened at $31.14 on Friday. The stock’s 50 day moving average is $24.31 and its two-hundred day moving average is $22.31. Phibro Animal Health Corporation has a 52-week low of $16.16 and a 52-week high of $31.80. The company has a market capitalization of $1.26 billion, a PE ratio of 39.92, a P/E/G ratio of 0.53 and a beta of 0.75. The company has a quick ratio of 1.23, a current ratio of 2.91 and a debt-to-equity ratio of 2.67.

Phibro Animal Health (NASDAQ:PAHC) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $347.80 million during the quarter, compared to analyst estimates of $352.41 million. Phibro Animal Health had a net margin of 2.68% and a return on equity of 30.51%. Analysts predict that Phibro Animal Health Corporation will post 1.95 earnings per share for the current fiscal year.

Phibro Animal Health Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. Phibro Animal Health’s payout ratio is 61.54%.

Analysts Set New Price Targets

Several research firms recently commented on PAHC. Morgan Stanley set a $26.00 price target on shares of Phibro Animal Health and gave the company an “equal weight” rating in a report on Wednesday, June 25th. BNP Paribas Exane raised shares of Phibro Animal Health from an “underperform” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Monday, June 16th. JPMorgan Chase & Co. raised shares of Phibro Animal Health from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $35.00 in a research note on Monday. BNP Paribas raised shares of Phibro Animal Health to a “hold” rating in a research report on Monday, June 16th. Finally, Wall Street Zen upgraded Phibro Animal Health from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.40.

Phibro Animal Health Profile

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.