Teacher Retirement System of Texas Makes New $680,000 Investment in PetIQ, Inc. (NASDAQ:PETQ)

Teacher Retirement System of Texas bought a new position in shares of PetIQ, Inc. (NASDAQ:PETQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,440 shares of the company’s stock, valued at approximately $680,000.

A number of other large investors also recently modified their holdings of PETQ. Natixis Advisors L.P. lifted its holdings in PetIQ by 10.2% in the fourth quarter. Natixis Advisors L.P. now owns 12,038 shares of the company’s stock worth $237,000 after acquiring an additional 1,113 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in PetIQ during the 4th quarter valued at approximately $50,000. China Universal Asset Management Co. Ltd. grew its stake in PetIQ by 351.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,372 shares of the company’s stock worth $67,000 after buying an additional 2,625 shares during the last quarter. AJOVista LLC bought a new stake in PetIQ in the fourth quarter valued at $65,000. Finally, UBS Group AG boosted its holdings in shares of PetIQ by 0.9% during the third quarter. UBS Group AG now owns 400,488 shares of the company’s stock valued at $7,890,000 after acquiring an additional 3,382 shares during the period. 94.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PETQ. Benchmark restated a “buy” rating and issued a $30.00 price target on shares of PetIQ in a research note on Friday, May 10th. Jefferies Financial Group lifted their target price on PetIQ from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $29.00.

PetIQ Price Performance

NASDAQ PETQ opened at $19.80 on Friday. PetIQ, Inc. has a 12 month low of $12.19 and a 12 month high of $22.98. The firm has a market capitalization of $589.05 million, a PE ratio of 90.00 and a beta of 1.68. The company’s 50 day simple moving average is $17.78 and its 200 day simple moving average is $18.05. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.42 and a quick ratio of 1.25.

PetIQ (NASDAQ:PETQ) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.22. The company had revenue of $219.93 million for the quarter, compared to analysts’ expectations of $189.70 million. PetIQ had a return on equity of 13.33% and a net margin of 0.66%. As a group, equities research analysts forecast that PetIQ, Inc. will post 1.09 EPS for the current fiscal year.

PetIQ Profile

PetIQ, Inc operates as a pet medication and wellness company in the United States and internationally. It operates in two segments, Products and Services. The company offers Rx pet medications, which sells flea and tick control, heartworm preventatives, arthritis, thyroid, diabetes and pain treatments, antibiotics, and other specialty medications; and develops and manufactures its own proprietary value-branded products, as well as third-party branded products for dogs and cats.