Public Employees Retirement Association of Colorado Has $2.19 Million Stake in Perrigo Company plc (PRGO)

Public Employees Retirement Association of Colorado grew its holdings in shares of Perrigo Company plc (NYSE:PRGO) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,067 shares of the company’s stock after acquiring an additional 765 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Perrigo were worth $2,185,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Greenwood Capital Associates LLC bought a new position in Perrigo during the fourth quarter worth $218,000. C M Bidwell & Associates Ltd. raised its stake in Perrigo by 186.6% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 11,835 shares of the company’s stock worth $1,032,000 after buying an additional 7,705 shares during the last quarter. Aperio Group LLC raised its stake in Perrigo by 16.9% during the fourth quarter. Aperio Group LLC now owns 65,719 shares of the company’s stock worth $5,728,000 after buying an additional 9,519 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in Perrigo by 43.0% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 4,405 shares of the company’s stock worth $384,000 after buying an additional 1,324 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Perrigo during the fourth quarter worth $11,100,000. 83.27% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on PRGO. Cantor Fitzgerald set a $107.00 target price on shares of Perrigo and gave the stock a “buy” rating in a research note on Friday, January 12th. Canaccord Genuity reissued a “buy” rating and set a $100.00 target price on shares of Perrigo in a research note on Wednesday, January 17th. Berenberg Bank began coverage on shares of Perrigo in a research note on Thursday, February 1st. They set a “buy” rating and a $117.00 target price for the company. Leerink Swann began coverage on shares of Perrigo in a research note on Tuesday, January 2nd. They set a “market perform” rating and a $90.00 target price for the company. Finally, Wells Fargo & Co lifted their target price on shares of Perrigo to $90.00 and gave the stock a “market perform” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $93.47.

In other news, EVP John Wesolowski sold 388 shares of Perrigo stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $87.20, for a total transaction of $33,833.60. Following the completion of the transaction, the executive vice president now directly owns 248 shares in the company, valued at $21,625.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd W. Kingma sold 1,500 shares of Perrigo stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.52, for a total transaction of $132,780.00. Following the transaction, the vice president now owns 19,565 shares of the company’s stock, valued at $1,731,893.80. The disclosure for this sale can be found here. Insiders sold 3,838 shares of company stock valued at $336,784 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.

Shares of Perrigo Company plc (NYSE:PRGO) opened at $86.66 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 0.54. The company has a market cap of $12,013.71, a price-to-earnings ratio of -9.46, a price-to-earnings-growth ratio of 1.82 and a beta of 0.76. Perrigo Company plc has a twelve month low of $63.68 and a twelve month high of $95.93.

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Perrigo Profile

Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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