Principal Financial Group Inc. boosted its holdings in shares of Phibro Animal Health Corporation (NASDAQ:PAHC) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,197 shares of the company’s stock after acquiring an additional 2,006 shares during the period. Principal Financial Group Inc. owned approximately 0.36% of Phibro Animal Health Corporation worth $5,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PAHC. Russell Investments Group Ltd. bought a new position in Phibro Animal Health Corporation during the first quarter worth about $748,000. Wells Fargo & Company MN grew its stake in Phibro Animal Health Corporation by 0.7% in the first quarter. Wells Fargo & Company MN now owns 125,941 shares of the company’s stock valued at $3,540,000 after acquiring an additional 932 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Phibro Animal Health Corporation by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 26,554 shares of the company’s stock worth $745,000 after acquiring an additional 1,802 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Phibro Animal Health Corporation by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 347,657 shares of the company’s stock worth $9,769,000 after acquiring an additional 40,735 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Phibro Animal Health Corporation by 3.5% in the first quarter. Comerica Bank now owns 21,578 shares of the company’s stock worth $647,000 after acquiring an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 48.06% of the company’s stock.

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Shares of Phibro Animal Health Corporation (NASDAQ PAHC) opened at 37.45 on Tuesday. The company has a 50-day moving average of $37.07 and a 200 day moving average of $34.53. The company has a market capitalization of $1.49 billion, a PE ratio of 23.26 and a beta of 1.37. Phibro Animal Health Corporation has a 52-week low of $24.83 and a 52-week high of $40.25.

Phibro Animal Health Corporation (NASDAQ:PAHC) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $194.84 million for the quarter, compared to analysts’ expectations of $192.47 million. Phibro Animal Health Corporation had a return on equity of 47.88% and a net margin of 8.45%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. Analysts predict that Phibro Animal Health Corporation will post $1.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.07%. Phibro Animal Health Corporation’s dividend payout ratio is currently 24.69%.

In other Phibro Animal Health Corporation news, VP Daniel M. Bendheim sold 1,443 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $40.05, for a total value of $57,792.15. Following the completion of the sale, the vice president now directly owns 300 shares in the company, valued at $12,015. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard G. Johnson sold 55,529 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total transaction of $2,015,702.70. Following the completion of the sale, the chief financial officer now owns 15,900 shares of the company’s stock, valued at $577,170. The disclosure for this sale can be found here. Insiders sold a total of 356,448 shares of company stock valued at $12,960,354 in the last quarter. 51.88% of the stock is currently owned by company insiders.

A number of research firms have recently commented on PAHC. BidaskClub raised Phibro Animal Health Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Credit Suisse Group lifted their price objective on Phibro Animal Health Corporation from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $41.00 price objective (down from $42.00) on shares of Phibro Animal Health Corporation in a research report on Thursday, August 31st. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a $33.00 price objective on shares of Phibro Animal Health Corporation in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.00.

Phibro Animal Health Corporation Profile

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

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Institutional Ownership by Quarter for Phibro Animal Health Corporation (NASDAQ:PAHC)

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