The Manufacturers Life Insurance Company raised its holdings in Phibro Animal Health Co. (NASDAQ:PAHC) by 5.0% in the first quarter, Holdings Channel.com reports. The fund owned 13,728 shares of the company’s stock after acquiring an additional 650 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Phibro Animal Health were worth $335,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of PAHC. BlackRock Inc. raised its stake in Phibro Animal Health by 5.2% during the 4th quarter. BlackRock Inc. now owns 3,537,515 shares of the company’s stock valued at $68,698,000 after purchasing an additional 173,495 shares during the last quarter. Cove Street Capital LLC grew its holdings in shares of Phibro Animal Health by 0.9% in the 4th quarter. Cove Street Capital LLC now owns 628,781 shares of the company’s stock worth $12,211,000 after purchasing an additional 5,420 shares during the last quarter. Heartland Advisors Inc. grew its holdings in shares of Phibro Animal Health by 18.1% in the 4th quarter. Heartland Advisors Inc. now owns 437,863 shares of the company’s stock worth $8,503,000 after purchasing an additional 67,114 shares during the last quarter. Smith Graham & Co. Investment Advisors LP bought a new stake in shares of Phibro Animal Health in the 1st quarter worth about $10,596,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Phibro Animal Health by 19.0% in the 4th quarter. Bank of New York Mellon Corp now owns 420,602 shares of the company’s stock worth $8,168,000 after purchasing an additional 67,024 shares during the last quarter. Hedge funds and other institutional investors own 55.14% of the company’s stock.
Separately, Morgan Stanley increased their price objective on shares of Phibro Animal Health from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Thursday, May 13th.
Phibro Animal Health (NASDAQ:PAHC) last announced its quarterly earnings results on Thursday, May 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Phibro Animal Health had a net margin of 5.37% and a return on equity of 22.19%. The business had revenue of $211.70 million for the quarter. On average, equities analysts anticipate that Phibro Animal Health Co. will post 1.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Wednesday, June 2nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 1st. This represents a $0.48 annualized dividend and a dividend yield of 1.61%. Phibro Animal Health’s dividend payout ratio is currently 44.44%.
About Phibro Animal Health
Phibro Animal Health Corporation develops, manufactures, and supplies a range of animal health and mineral nutrition products for livestock 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, including poultry, swine, beef and dairy cattle, and aquaculture.
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