Pitcairn Co. Has $915,000 Stake in VCA Inc. (WOOF)
Pitcairn Co. increased its stake in VCA Inc. (NASDAQ:WOOF) by 104.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,532 shares of the company’s stock after buying an additional 6,911 shares during the period. Pitcairn Co.’s holdings in VCA were worth $915,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in VCA by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,555,210 shares of the company’s stock worth $205,100,000 after buying an additional 49,736 shares during the last quarter. State Street Corp increased its position in VCA by 2.4% in the first quarter. State Street Corp now owns 2,186,643 shares of the company’s stock worth $126,147,000 after buying an additional 50,360 shares during the last quarter. Goldman Sachs Group Inc. increased its position in VCA by 64.8% in the first quarter. Goldman Sachs Group Inc. now owns 978,010 shares of the company’s stock worth $56,421,000 after buying an additional 384,484 shares during the last quarter. Norges Bank acquired a new position in VCA during the fourth quarter worth about $44,158,000. Finally, Atlanta Capital Management Co. L L C boosted its stake in shares of VCA by 10.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 719,625 shares of the company’s stock worth $41,515,000 after buying an additional 66,363 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.
Shares of VCA Inc. (NASDAQ:WOOF) traded down 0.32% during mid-day trading on Tuesday, hitting $69.26. The stock had a trading volume of 577,209 shares. The stock’s 50-day moving average is $71.02 and its 200-day moving average is $65.10. VCA Inc. has a 1-year low of $44.00 and a 1-year high of $73.69. The firm has a market capitalization of $5.60 billion, a PE ratio of 24.71 and a beta of 1.30.
VCA (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. VCA had a return on equity of 16.86% and a net margin of 9.93%. The company had revenue of $653.50 million for the quarter, compared to analysts’ expectations of $637.18 million. During the same quarter last year, the business earned $0.70 earnings per share. VCA’s revenue was up 19.1% on a year-over-year basis. Equities analysts expect that VCA Inc. will post $2.93 earnings per share for the current year.
A number of analysts have recently commented on WOOF shares. Jefferies Group reaffirmed a “hold” rating on shares of VCA in a research note on Friday, August 5th. Zacks Investment Research raised VCA from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Friday, July 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $71.75.
In other VCA news, Director John B. Chickering, Jr. sold 2,302 shares of VCA stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $70.85, for a total value of $163,096.70. Following the transaction, the director now owns 10,992 shares in the company, valued at $778,783.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Arthur J. Antin sold 34,000 shares of VCA stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $69.03, for a total value of $2,347,020.00. Following the completion of the transaction, the chief operating officer now owns 89,691 shares in the company, valued at approximately $6,191,369.73. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.
VCA Inc is an animal healthcare company. The Company operates through five segments. Its Animal Hospital segment provides veterinary services for companion animals and sells related retail and pharmaceutical products. Its Laboratory segment provides diagnostic laboratory testing services for veterinarians, both associated with its animal hospitals and those independent of the Company.
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