CenterBook Partners LP Buys New Stake in Perrigo Company plc (NYSE:PRGO)

CenterBook Partners LP purchased a new stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 96,654 shares of the company's stock, valued at approximately $2,485,000. CenterBook Partners LP owned approximately 0.07% of Perrigo at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC raised its holdings in Perrigo by 1,942.0% in the 4th quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock worth $36,000 after purchasing an additional 1,340 shares during the period. Versant Capital Management Inc acquired a new position in shares of Perrigo during the 4th quarter worth approximately $45,000. GAMMA Investing LLC grew its position in shares of Perrigo by 93.7% in the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock valued at $49,000 after purchasing an additional 929 shares in the last quarter. Central Pacific Bank Trust Division grew its position in shares of Perrigo by 33.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Perrigo by 97.8% in the fourth quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock valued at $108,000 after purchasing an additional 2,084 shares during the last quarter. Hedge funds and other institutional investors own 95.91% of the company's stock.

Perrigo Trading Down 0.3 %

Shares of Perrigo stock traded down $0.07 on Tuesday, reaching $24.93. The company had a trading volume of 238,298 shares, compared to its average volume of 1,522,084. The firm's 50 day moving average price is $26.43 and its two-hundred day moving average price is $26.06. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. Perrigo Company plc has a 52-week low of $23.14 and a 52-week high of $33.46. The firm has a market cap of $3.40 billion, a PE ratio of -21.31 and a beta of 0.49.

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Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The firm had revenue of $1.14 billion during 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%. Sell-side analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.16 dividend on an annualized basis and a yield of 4.65%. This is a boost from Perrigo's previous quarterly dividend of $0.28. Perrigo's dividend payout ratio (DPR) is presently -92.80%.

Wall Street Analyst Weigh In

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

Insider Transactions at Perrigo

In related news, EVP Ronald Craig Janish sold 7,800 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.44, for a total transaction of $214,032.00. Following the completion of the transaction, the executive vice president now directly owns 33,666 shares of the company's stock, valued at $923,795.04. This represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.70% of the company's stock.

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.