American Century Companies Inc. increased its position in shares of Phibro Animal Health Corporation (NASDAQ:PAHC) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,905 shares of the company’s stock after acquiring an additional 205 shares during the period. American Century Companies Inc.’s holdings in Phibro Animal Health Corporation were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in shares of Phibro Animal Health Corporation by 80.9% during the second quarter. State of Alaska Department of Revenue now owns 3,690 shares of the company’s stock worth $136,000 after acquiring an additional 1,650 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Phibro Animal Health Corporation by 7.1% during the first quarter. Mason Street Advisors LLC now owns 4,333 shares of the company’s stock worth $122,000 after acquiring an additional 286 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Phibro Animal Health Corporation by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,370 shares of the company’s stock worth $162,000 after acquiring an additional 150 shares in the last quarter. KBC Group NV purchased a new stake in shares of Phibro Animal Health Corporation during the second quarter worth $166,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Phibro Animal Health Corporation by 79.2% during the first quarter. Victory Capital Management Inc. now owns 4,573 shares of the company’s stock worth $129,000 after acquiring an additional 2,021 shares in the last quarter. Institutional investors and hedge funds own 48.06% of the company’s stock.

In other Phibro Animal Health Corporation news, major shareholder Bfi Co., Llc sold 48,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $37.42, for a total transaction of $1,796,160.00. Following the sale, the insider now directly owns 92,000 shares of the company’s stock, valued at approximately $3,442,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Larry Lee Miller sold 32,459 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $35.59, for a total transaction of $1,155,215.81. Following the sale, the chief operating officer now directly owns 4,237 shares in the company, valued at $150,794.83. The disclosure for this sale can be found here. Insiders have sold a total of 442,448 shares of company stock worth $16,182,714 over the last three months. Insiders own 48.09% of the company’s stock.

Phibro Animal Health Corporation (NASDAQ:PAHC) opened at 35.75 on Monday. Phibro Animal Health Corporation has a 12-month low of $24.83 and a 12-month high of $40.25. The firm’s 50-day moving average price is $37.99 and its 200 day moving average price is $33.77. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 22.20 and a beta of 1.36.

Phibro Animal Health Corporation (NASDAQ:PAHC) last issued its quarterly earnings results on Wednesday, August 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Phibro Animal Health Corporation had a net margin of 8.45% and a return on equity of 47.88%. The firm had revenue of $194.84 million for the quarter, compared to analysts’ expectations of $192.47 million. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Phibro Animal Health Corporation will post $1.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 1st. This represents a $0.40 annualized dividend and a yield of 1.12%. Phibro Animal Health Corporation’s dividend payout ratio (DPR) is presently 24.69%.

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Several equities analysts have weighed in on the company. Piper Jaffray Companies set a $42.00 target price on Phibro Animal Health Corporation and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub lowered Phibro Animal Health Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Bank of America Corporation restated an “underperform” rating and set a $33.00 target price on shares of Phibro Animal Health Corporation in a report on Wednesday, August 23rd. Finally, Credit Suisse Group lowered Phibro Animal Health Corporation from an “outperform” rating to a “neutral” rating and raised their target price for the company from $29.00 to $36.00 in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Phibro Animal Health Corporation presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Phibro Animal Health Corporation Company 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.

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

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