Phibro Animal Health Corporation (NASDAQ:PAHC) Stock Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in Phibro Animal Health Corporation (NASDAQ:PAHC) by 75.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,246 shares of the company’s stock after selling 57,605 shares during the quarter. Teacher Retirement System of Texas’ holdings in Phibro Animal Health were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Axecap Investments LLC acquired a new position in shares of Phibro Animal Health during the 1st quarter valued at about $3,696,000. Millennium Management LLC increased its stake in shares of Phibro Animal Health by 233.0% in the 4th quarter. Millennium Management LLC now owns 207,749 shares of the company’s stock valued at $4,363,000 after buying an additional 145,359 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Phibro Animal Health by 56.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 301,173 shares of the company’s stock valued at $6,325,000 after buying an additional 108,918 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Phibro Animal Health by 21.4% in the 4th quarter. Nuveen Asset Management LLC now owns 588,001 shares of the company’s stock worth $12,348,000 after purchasing an additional 103,618 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Phibro Animal Health by 357.1% during the fourth quarter. Alliancebernstein L.P. now owns 130,000 shares of the company’s stock worth $2,730,000 after acquiring an additional 101,560 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised Phibro Animal Health from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $35.00 in a research report on Monday, July 7th. Morgan Stanley set a $26.00 price target on shares of Phibro Animal Health and gave the company an “equal weight” rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. BNP Paribas Exane upgraded shares of Phibro Animal Health from an “underperform” rating to a “neutral” rating and set a $24.00 price target for the company in a research note on Monday, June 16th. Finally, BNP Paribas upgraded shares of Phibro Animal Health to a “hold” rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Phibro Animal Health has a consensus rating of “Hold” and an average price target of $24.40.

Phibro Animal Health Stock Performance

Shares of NASDAQ PAHC opened at $29.73 on Friday. The stock has a market cap of $1.20 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 0.51 and a beta of 0.75. The firm has a fifty day moving average price of $25.48 and a 200-day moving average price of $22.64. Phibro Animal Health Corporation has a 1 year low of $16.16 and a 1 year high of $31.80. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.91 and a quick ratio of 1.23.

Phibro Animal Health (NASDAQ:PAHC) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The company 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%. Equities analysts anticipate 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. Investors of record on Wednesday, June 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Wednesday, June 4th. Phibro Animal Health’s dividend payout ratio is currently 61.54%.

About Phibro Animal Health

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.