Robeco Institutional Asset Management B.V. grew its position in shares of AmerisourceBergen Corp. (NYSE:ABC) by 17.8% in the 4th quarter, HoldingsChannel reports. The firm owned 19,202 shares of the company’s stock after buying an additional 2,897 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AmerisourceBergen were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of ABC. Vantage Investment Advisors LLC purchased a new stake in AmerisourceBergen in the 4th quarter worth $156,000. D.A. Davidson & CO. increased its holdings in AmerisourceBergen by 29.0% in the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after acquiring an additional 375 shares in the last quarter. Intl Fcstone Inc. purchased a new stake in AmerisourceBergen in the 2nd quarter worth $201,000. TRUE Private Wealth Advisors purchased a new stake in AmerisourceBergen in the 4th quarter worth $203,000. Finally, Zeke Capital Advisors LLC purchased a new stake in AmerisourceBergen in the 3rd quarter worth $210,000. 67.57% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Dale Danilewitz sold 3,121 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $97.74, for a total transaction of $305,046.54. Following the completion of the sale, the executive vice president now owns 3,121 shares of the company’s stock, valued at $305,046.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.73, for a total transaction of $994,468.00. Following the sale, the chief financial officer now directly owns 56,436 shares of the company’s stock, valued at approximately $4,838,258.28. The disclosure for this sale can be found here. Insiders have sold 193,334 shares of company stock valued at $17,270,252 in the last ninety days. Insiders own 27.30% of the company’s stock.

Several equities research analysts recently commented on ABC shares. Needham & Company LLC set a $93.00 price target on shares of AmerisourceBergen and gave the stock a “buy” rating in a report on Tuesday, October 24th. Goldman Sachs Group raised shares of AmerisourceBergen from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Cowen set a $107.00 price target on shares of AmerisourceBergen and gave the stock a “buy” rating in a report on Tuesday, December 12th. Deutsche Bank started coverage on shares of AmerisourceBergen in a report on Monday, December 4th. They issued a “buy” rating and a $97.00 price target for the company. Finally, Robert W. Baird set a $99.00 price target on shares of AmerisourceBergen and gave the stock a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. AmerisourceBergen currently has a consensus rating of “Buy” and an average price target of $98.39.

Shares of AmerisourceBergen Corp. (ABC) opened at $91.90 on Tuesday. AmerisourceBergen Corp. has a 1-year low of $71.90 and a 1-year high of $106.27. The stock has a market cap of $20,940.23, a price-to-earnings ratio of 49.68, a PEG ratio of 1.61 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83.

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AmerisourceBergen Profile

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

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Institutional Ownership by Quarter for AmerisourceBergen (NYSE:ABC)

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