LSV Asset Management Has $1.92 Million Stock Position in Perrigo Company plc (NYSE:PRGO)

LSV Asset Management lifted its stake in Perrigo Company plc (NYSE:PRGO - Free Report) by 1,332.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,500 shares of the company's stock after acquiring an additional 69,300 shares during the quarter. LSV Asset Management owned approximately 0.05% of Perrigo worth $1,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PRGO. Cooke & Bieler LP raised its holdings in shares of Perrigo by 4.1% in the 4th quarter. Cooke & Bieler LP now owns 3,573,651 shares of the company's stock valued at $91,879,000 after purchasing an additional 139,650 shares during the period. Sound Shore Management Inc. CT raised its stake in Perrigo by 0.4% in the fourth quarter. Sound Shore Management Inc. CT now owns 2,668,780 shares of the company's stock valued at $68,614,000 after buying an additional 9,868 shares during the period. Geode Capital Management LLC lifted its position in shares of Perrigo by 4.7% in the third quarter. Geode Capital Management LLC now owns 2,359,072 shares of the company's stock valued at $61,894,000 after buying an additional 106,356 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Perrigo by 8.1% during the 4th quarter. Invesco Ltd. now owns 1,565,551 shares of the company's stock worth $40,250,000 after acquiring an additional 117,469 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in Perrigo by 44.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,525,197 shares of the company's stock valued at $39,213,000 after acquiring an additional 472,958 shares during the period. Institutional investors own 95.91% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on PRGO. Argus downgraded shares of Perrigo from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. StockNews.com lowered shares of Perrigo from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Piper Sandler downgraded shares of Perrigo from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $34.00 to $27.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.00.

Insider Activity at Perrigo

In related news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.44, for a total value of $214,032.00. Following the transaction, the executive vice president now directly owns 33,666 shares of the company's stock, valued at $923,795.04. This trade represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by insiders.

Perrigo Stock Performance

Shares of PRGO stock traded up $0.21 on Friday, hitting $25.35. The company's stock had a trading volume of 848,405 shares, compared to its average volume of 1,526,585. Perrigo Company plc has a fifty-two week low of $23.14 and a fifty-two week high of $33.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. The stock's 50 day moving average is $26.49 and its 200-day moving average is $26.06. The company has a market capitalization of $3.46 billion, a PE ratio of -21.66 and a beta of 0.49.

Perrigo (NYSE:PRGO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. Equities research analysts expect that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a $0.29 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Perrigo's previous quarterly dividend of $0.28. Perrigo's dividend payout ratio (DPR) is presently -92.80%.

Perrigo Company Profile

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.