AmerisourceBergen (ABC) EVP Robert P. Mauch Sells 1,000 Shares of Stock

AmerisourceBergen (NYSE:ABC) EVP Robert P. Mauch sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $90.00, for a total value of $90,000.00. Following the sale, the executive vice president now owns 13,123 shares in the company, valued at $1,181,070. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of ABC traded up $1.71 during midday trading on Thursday, reaching $92.75. The stock had a trading volume of 2,060,619 shares, compared to its average volume of 2,006,254. AmerisourceBergen has a 12-month low of $71.90 and a 12-month high of $106.27. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $19,998.67, a P/E ratio of 15.77, a PEG ratio of 1.37 and a beta of 1.06.

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AmerisourceBergen (NYSE:ABC) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.20. The firm had revenue of $40.47 billion during the quarter, compared to analysts’ expectations of $40.42 billion. AmerisourceBergen had a return on equity of 53.65% and a net margin of 0.66%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. equities research analysts predict that AmerisourceBergen will post 6.54 EPS for the current year.



A number of hedge funds have recently modified their holdings of ABC. Vulcan Value Partners LLC boosted its holdings in AmerisourceBergen by 29.4% during the 4th quarter. Vulcan Value Partners LLC now owns 7,530,523 shares of the company’s stock valued at $691,452,000 after acquiring an additional 1,710,816 shares during the period. Millennium Management LLC lifted its holdings in AmerisourceBergen by 429.2% in the 4th quarter. Millennium Management LLC now owns 1,507,690 shares of the company’s stock worth $138,436,000 after buying an additional 1,222,806 shares during the period. BlackRock Inc. lifted its holdings in AmerisourceBergen by 5.8% in the 4th quarter. BlackRock Inc. now owns 12,384,803 shares of the company’s stock worth $1,137,171,000 after buying an additional 679,417 shares during the period. Bank of New York Mellon Corp lifted its holdings in AmerisourceBergen by 23.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,864,488 shares of the company’s stock worth $263,016,000 after buying an additional 550,215 shares during the period. Finally, Beutel Goodman & Co Ltd. lifted its holdings in AmerisourceBergen by 23.3% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,374,727 shares of the company’s stock worth $174,194,000 after buying an additional 449,330 shares during the period. Institutional investors own 66.88% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered AmerisourceBergen from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Argus upped their target price on AmerisourceBergen from $93.96 to $115.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Bank of America assumed coverage on AmerisourceBergen in a research note on Tuesday, February 27th. They issued a “buy” rating and a $111.00 target price on the stock. Jefferies Group set a $95.00 target price on AmerisourceBergen and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $102.00 target price on shares of AmerisourceBergen in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $102.72.

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About AmerisourceBergen

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

Insider Buying and Selling by Quarter for AmerisourceBergen (NYSE:ABC)

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