Fiera Capital Corp decreased its position in shares of PetIQ Inc (NASDAQ:PETQ) by 33.2% in the first quarter, Holdings Channel reports. The fund owned 93,926 shares of the company’s stock after selling 46,747 shares during the quarter. Fiera Capital Corp’s holdings in PetIQ were worth $2,950,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of PETQ. BlackRock Inc. raised its holdings in shares of PetIQ by 5.2% in the first quarter. BlackRock Inc. now owns 1,413,505 shares of the company’s stock worth $44,398,000 after buying an additional 69,831 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of PetIQ by 115.3% in the first quarter. PNC Financial Services Group Inc. now owns 947,727 shares of the company’s stock worth $29,768,000 after buying an additional 507,524 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of PetIQ by 39.3% in the first quarter. Janus Henderson Group PLC now owns 736,786 shares of the company’s stock worth $23,142,000 after buying an additional 207,939 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of PetIQ by 30.3% in the third quarter. Vanguard Group Inc. now owns 669,106 shares of the company’s stock worth $26,303,000 after buying an additional 155,756 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of PetIQ by 68.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 641,684 shares of the company’s stock worth $15,060,000 after buying an additional 261,092 shares during the last quarter. 91.92% of the stock is owned by institutional investors.
A number of research firms have issued reports on PETQ. BidaskClub raised shares of PetIQ from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 9th. Zacks Investment Research raised shares of PetIQ from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Friday, May 17th. Guggenheim began coverage on shares of PetIQ in a report on Thursday, May 23rd. They issued a “buy” rating and a $35.00 price target for the company. ValuEngine cut shares of PetIQ from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Finally, Raymond James decreased their price target on shares of PetIQ from $42.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, March 4th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.71.
In other PetIQ news, Director James Nathan Clarke acquired 31,031 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $28.12 per share, for a total transaction of $872,591.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Will Santana sold 20,000 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $31.06, for a total transaction of $621,200.00. The disclosure for this sale can be found here. Insiders sold 120,000 shares of company stock worth $3,513,800 in the last quarter. Company insiders own 23.79% of the company’s stock.
NASDAQ PETQ opened at $29.10 on Friday. The firm has a market capitalization of $819.24 million, a price-to-earnings ratio of 23.28, a P/E/G ratio of 1.46 and a beta of 1.88. PetIQ Inc has a 12-month low of $21.00 and a 12-month high of $43.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.89 and a quick ratio of 1.51.
PetIQ (NASDAQ:PETQ) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.19. The business had revenue of $148.44 million during the quarter, compared to analysts’ expectations of $139.03 million. PetIQ had a net margin of 0.51% and a return on equity of 9.47%. As a group, equities analysts anticipate that PetIQ Inc will post 0.8 earnings per share for the current year.
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PetIQ, Inc operates as a pet health and wellness company. It operates through two segments, Products and Services. It manufactures and distributes veterinarian services and veterinarian-grade pet products, including prescription (Rx) medications, over-the-counter (OTC) flea and tick preventatives, and health and wellness products for dogs and cats.
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