Perrigo Company (PRGO) Shares Sold by Magnetar Financial LLC
Magnetar Financial LLC decreased its holdings in Perrigo Company (NYSE:PRGO) by 84.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,804 shares of the company’s stock after selling 15,060 shares during the quarter. Magnetar Financial LLC’s holdings in Perrigo were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. BB&T Securities LLC lifted its stake in Perrigo by 0.4% in the second quarter. BB&T Securities LLC now owns 9,062 shares of the company’s stock worth $684,000 after acquiring an additional 35 shares during the period. Arizona State Retirement System raised its holdings in Perrigo by 0.3% in the second quarter. Arizona State Retirement System now owns 35,600 shares of the company’s stock worth $2,689,000 after purchasing an additional 100 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in Perrigo by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 39,214 shares of the company’s stock worth $2,961,000 after purchasing an additional 103 shares in the last quarter. Sentry Investment Management LLC raised its holdings in Perrigo by 1.1% in the second quarter. Sentry Investment Management LLC now owns 11,028 shares of the company’s stock worth $833,000 after purchasing an additional 117 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in Perrigo by 13.8% in the second quarter. Commonwealth Bank of Australia now owns 1,455 shares of the company’s stock worth $108,000 after purchasing an additional 176 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
In other news, EVP John Wesolowski sold 388 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $87.20, for a total transaction of $33,833.60. Following the completion of the transaction, the executive vice president now directly owns 248 shares in the company, valued at $21,625.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 1,051 shares of company stock valued at $89,810 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.
Shares of Perrigo Company (NYSE PRGO) traded up $2.46 during trading hours on Friday, hitting $86.50. The stock had a trading volume of 1,988,478 shares, compared to its average volume of 966,653. Perrigo Company has a 1 year low of $63.68 and a 1 year high of $91.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.72 and a quick ratio of 1.24. The company has a market capitalization of $12,182.75, a P/E ratio of 17.65, a PEG ratio of 1.84 and a beta of 0.70.
Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.28. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $1.65 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. analysts expect that Perrigo Company will post 4.88 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.74%. Perrigo’s payout ratio is presently -6.99%.
A number of equities analysts have issued reports on the company. Cantor Fitzgerald set a $107.00 price objective on Perrigo and gave the stock a “buy” rating in a report on Saturday. BidaskClub upgraded Perrigo from a “strong sell” rating to a “sell” rating in a report on Saturday, September 9th. Oppenheimer assumed coverage on Perrigo in a report on Thursday, September 7th. They issued an “outperform” rating and a $88.00 price objective for the company. Royal Bank of Canada reiterated a “sell” rating and issued a $64.00 price objective on shares of Perrigo in a report on Wednesday, September 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $100.00 price objective (up previously from $88.00) on shares of Perrigo in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Perrigo presently has a consensus rating of “Hold” and a consensus price target of $92.13.
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Perrigo Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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