VCA Inc. (WOOF) Holdings Raised by Principal Financial Group Inc.
Principal Financial Group Inc. boosted its holdings in shares of VCA Inc. (NASDAQ:WOOF) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,323 shares of the company’s stock after purchasing an additional 14,440 shares during the period. Principal Financial Group Inc. owned about 0.42% of VCA worth $31,876,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in VCA during the first quarter worth $163,000. RBF Capital LLC bought a new stake in VCA during the first quarter worth $201,000. Daiwa Securities Group Inc. bought a new stake in VCA during the second quarter worth $217,000. CNA Financial Corp bought a new stake in VCA during the first quarter worth $238,000. Finally, HL Financial Services LLC bought a new stake in VCA during the first quarter worth $244,000. Hedge funds and other institutional investors own 78.04% of the company’s stock.
Shares of VCA Inc. (NASDAQ:WOOF) opened at 92.98 on Friday. The firm has a market capitalization of $7.56 billion, a P/E ratio of 34.94 and a beta of 1.01. The company has a 50-day moving average price of $92.66 and a 200-day moving average price of $92.04. VCA Inc. has a 12-month low of $59.51 and a 12-month high of $93.00.
VCA (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The business had revenue of $743.13 million during the quarter, compared to the consensus estimate of $735.75 million. VCA had a net margin of 8.00% and a return on equity of 15.54%. During the same period in the previous year, the firm posted $0.87 earnings per share. Equities analysts predict that VCA Inc. will post $3.20 EPS for the current year.
Several research firms have weighed in on WOOF. Zacks Investment Research upgraded VCA from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Thursday. BidaskClub upgraded VCA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Finally, Stifel Nicolaus restated a “hold” rating and set a $93.00 target price on shares of VCA in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $92.17.
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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