Great Lakes Advisors LLC lessened its holdings in shares of Perrigo Company plc (NYSE:PRGO – Get Rating) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 521,467 shares of the company's stock after selling 12,011 shares during the quarter. Great Lakes Advisors LLC's holdings in Perrigo were worth $18,596,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in Perrigo by 4.8% during the 1st quarter. BlackRock Inc. now owns 12,112,154 shares of the company's stock valued at $465,469,000 after buying an additional 554,915 shares during the last quarter. State Street Corp lifted its holdings in shares of Perrigo by 4.8% in the 1st quarter. State Street Corp now owns 4,270,353 shares of the company's stock valued at $164,110,000 after acquiring an additional 193,783 shares during the last quarter. Coho Partners Ltd. lifted its holdings in shares of Perrigo by 3.7% in the 3rd quarter. Coho Partners Ltd. now owns 3,734,455 shares of the company's stock valued at $133,171,000 after acquiring an additional 132,865 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Perrigo by 17.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,074,409 shares of the company's stock worth $118,149,000 after purchasing an additional 460,102 shares during the period. Finally, Sound Shore Management Inc CT raised its position in Perrigo by 1.0% in the 3rd quarter. Sound Shore Management Inc CT now owns 2,864,433 shares of the company's stock worth $102,146,000 after purchasing an additional 28,151 shares during the period. 94.09% of the stock is owned by institutional investors.
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Wall Street Analyst Weigh In
A number of brokerages have recently commented on PRGO. Raymond James reduced their target price on shares of Perrigo from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 9th. StockNews.com assumed coverage on shares of Perrigo in a research note on Wednesday, October 12th. They issued a "hold" rating for the company.
Perrigo Stock Down 0.4 %
PRGO traded down $0.15 on Wednesday, reaching $36.35. The stock had a trading volume of 177,892 shares, compared to its average volume of 913,888. The business's 50-day moving average price is $34.55 and its two-hundred day moving average price is $37.05. The company has a quick ratio of 1.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.89. Perrigo Company plc has a 12-month low of $30.78 and a 12-month high of $43.90.
Perrigo (NYSE:PRGO – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. Perrigo had a positive return on equity of 5.31% and a negative net margin of 1.93%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts expect that Perrigo Company plc will post 2.02 earnings per share for the current fiscal year.
Insider Transactions at Perrigo
In related news, EVP Grainne Quinn sold 2,368 shares of the company's stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $31.65, for a total transaction of $74,947.20. Following the sale, the executive vice president now directly owns 9,118 shares of the company's stock, valued at approximately $288,584.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.80% of the company's stock.
Perrigo Profile
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Perrigo Co Plc engages in the provision of self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. It operates through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).
Further Reading
- Get a free copy of the StockNews.com research report on Perrigo (PRGO)
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