Robeco Institutional Asset Management B.V. continued to hold its position in Patterson Companies, Inc. (NASDAQ:PDCO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,711 shares of the company’s stock at the close of the 2nd quarter. Robeco Institutional Asset Management B.V.’s holdings in Patterson Companies were worth $221,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PDCO. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Patterson Companies by 27.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the company’s stock valued at $104,000 after purchasing an additional 500 shares during the period. Invictus RG acquired a new stake in Patterson Companies in the 1st quarter valued at $119,000. Nordea Investment Management AB boosted its stake in Patterson Companies by 48.4% in the 1st quarter. Nordea Investment Management AB now owns 3,735 shares of the company’s stock valued at $169,000 after buying an additional 1,218 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in Patterson Companies in the 2nd quarter valued at $188,000. Finally, Moreno Evelyn V acquired a new stake in Patterson Companies in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 88.61% of the company’s stock.

Several analysts recently commented on the company. Stifel Nicolaus lowered Patterson Companies from a “hold” rating to a “sell” rating and decreased their price target for the company from $47.43 to $39.00 in a research note on Thursday, July 6th. BidaskClub raised Patterson Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. UBS AG lowered Patterson Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $44.50 to $40.00 in a research note on Tuesday, July 11th. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 price target on shares of Patterson Companies in a research note on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.89.

Patterson Companies, Inc. (NASDAQ PDCO) opened at 39.37 on Monday. The firm has a 50-day moving average price of $38.99 and a 200-day moving average price of $43.44. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 22.88 and a beta of 0.97. Patterson Companies, Inc. has a 1-year low of $35.93 and a 1-year high of $49.26.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $0.51 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts expect that Patterson Companies, Inc. will post $2.29 earnings per share for the current fiscal year.

In other news, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $42.40, for a total value of $31,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott P. Anderson sold 10,000 shares of Patterson Companies stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total value of $467,600.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

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Patterson Companies Profile

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.

Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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