Phibro Animal Health Co. (NASDAQ:PAHC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Phibro Animal Health Co. (NASDAQ:PAHC) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,820 shares of the company’s stock after selling 22,721 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of Phibro Animal Health worth $531,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its holdings in Phibro Animal Health by 358.6% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 2,357 shares of the company’s stock worth $27,000 after buying an additional 1,843 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Phibro Animal Health by 19.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,500 shares of the company’s stock worth $98,000 after buying an additional 1,370 shares in the last quarter. SG Americas Securities LLC acquired a new position in Phibro Animal Health in the 3rd quarter worth $126,000. Illinois Municipal Retirement Fund acquired a new position in Phibro Animal Health in the 3rd quarter worth $162,000. Finally, Jump Financial LLC acquired a new position in Phibro Animal Health in the 3rd quarter worth $198,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Phibro Animal Health Stock Performance

Shares of Phibro Animal Health stock opened at $12.44 on Friday. The firm has a market cap of $503.82 million, a PE ratio of 34.56, a price-to-earnings-growth ratio of 5.02 and a beta of 0.75. The firm’s 50-day simple moving average is $12.82 and its 200-day simple moving average is $11.77. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.60 and a current ratio of 3.12. Phibro Animal Health Co. has a 1 year low of $9.40 and a 1 year high of $15.96.

Phibro Animal Health (NASDAQ:PAHC) last issued its earnings results on Wednesday, February 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $249.90 million for the quarter, compared to analyst estimates of $242.91 million. Phibro Animal Health had a net margin of 1.51% and a return on equity of 16.67%. Equities analysts forecast that Phibro Animal Health Co. will post 1.12 earnings per share for the current fiscal year.

Phibro Animal Health Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.12 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.86%. Phibro Animal Health’s dividend payout ratio (DPR) is presently 133.33%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Phibro Animal Health from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th.

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.