Teacher Retirement System of Texas Trims Holdings in Phibro Animal Health Co. (NASDAQ:PAHC)

Teacher Retirement System of Texas lowered its position in Phibro Animal Health Co. (NASDAQ:PAHC) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,851 shares of the company’s stock after selling 6,829 shares during the period. Teacher Retirement System of Texas owned approximately 0.19% of Phibro Animal Health worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in shares of Phibro Animal Health by 23.1% in the third quarter. Thrivent Financial for Lutherans now owns 20,791 shares of the company’s stock worth $468,000 after acquiring an additional 3,907 shares during the period. Algert Global LLC boosted its holdings in Phibro Animal Health by 521.1% in the third quarter. Algert Global LLC now owns 71,335 shares of the company’s stock valued at $1,606,000 after purchasing an additional 59,850 shares during the last quarter. FMR LLC grew its position in Phibro Animal Health by 22.7% during the 3rd quarter. FMR LLC now owns 39,310 shares of the company’s stock worth $885,000 after purchasing an additional 7,270 shares during the period. Quantbot Technologies LP purchased a new position in shares of Phibro Animal Health during the 3rd quarter valued at about $70,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Phibro Animal Health by 3.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,336 shares of the company’s stock valued at $548,000 after buying an additional 729 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on PAHC shares. StockNews.com lowered Phibro Animal Health from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley raised their price objective on shares of Phibro Animal Health from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Barclays increased their price target on shares of Phibro Animal Health from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Phibro Animal Health Trading Up 0.2 %

Shares of PAHC stock opened at $21.68 on Friday. Phibro Animal Health Co. has a 1-year low of $12.17 and a 1-year high of $26.55. The company has a market cap of $878.11 million, a price-to-earnings ratio of 45.17, a PEG ratio of 0.45 and a beta of 0.58. The company has a debt-to-equity ratio of 2.99, a current ratio of 3.20 and a quick ratio of 1.37. The stock has a 50 day simple moving average of $22.77 and a 200-day simple moving average of $22.65.

Phibro Animal Health (NASDAQ:PAHC) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Phibro Animal Health had a net margin of 1.75% and a return on equity of 25.35%. On average, equities research analysts expect that Phibro Animal Health Co. will post 1.95 EPS for the current fiscal year.

Phibro Animal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.48 annualized dividend and a yield of 2.21%. Phibro Animal Health’s dividend payout ratio (DPR) is currently 100.00%.

Phibro Animal Health Company 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.