Phibro Animal Health Corp (PAHC) VP Daniel M. Bendheim Sells 2,500 Shares
Phibro Animal Health Corp (NASDAQ:PAHC) VP Daniel M. Bendheim sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $44.30, for a total transaction of $110,750.00. Following the sale, the vice president now directly owns 2,500 shares in the company, valued at $110,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:PAHC traded down $0.35 on Friday, hitting $43.75. The company had a trading volume of 196,900 shares, compared to its average volume of 110,117. Phibro Animal Health Corp has a 1-year low of $32.05 and a 1-year high of $54.62. The company has a market cap of $1.81 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.59 and a beta of 0.89. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.90 and a quick ratio of 1.66.
Phibro Animal Health (NASDAQ:PAHC) last released its quarterly earnings data on Monday, August 27th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Phibro Animal Health had a net margin of 7.90% and a return on equity of 39.81%. The firm had revenue of $211.80 million for the quarter, compared to the consensus estimate of $209.27 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts expect that Phibro Animal Health Corp will post 1.8 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Phibro Animal Health by 2,104.6% in the first quarter. Royal Bank of Canada now owns 3,814 shares of the company’s stock valued at $151,000 after purchasing an additional 3,641 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Phibro Animal Health by 149.2% in the second quarter. Meeder Asset Management Inc. now owns 4,470 shares of the company’s stock valued at $206,000 after purchasing an additional 2,676 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Phibro Animal Health in the second quarter valued at $213,000. Janus Henderson Group PLC acquired a new position in shares of Phibro Animal Health in the second quarter valued at $222,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Phibro Animal Health in the first quarter valued at about $214,000. Hedge funds and other institutional investors own 50.45% of the company’s stock.
Several analysts have issued reports on the stock. BidaskClub raised shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Morgan Stanley upped their price objective on shares of Phibro Animal Health from $36.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Phibro Animal Health from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. Finally, Barclays upped their price objective on shares of Phibro Animal Health from $31.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, July 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.20.
About Phibro Animal Health
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 comprising poultry, swine, beef and dairy cattle, and aquaculture.
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