Patterson Companies, Inc. (PDCO) Shares Bought by Sector Gamma AS
Sector Gamma AS lifted its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,332 shares of the company’s stock after acquiring an additional 10,100 shares during the quarter. Patterson Companies accounts for about 2.3% of Sector Gamma AS’s holdings, making the stock its 17th biggest position. Sector Gamma AS owned about 0.41% of Patterson Companies worth $15,318,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new stake in shares of Patterson Companies during the 2nd quarter worth approximately $4,060,000. Summit Global Investments lifted its stake in Patterson Companies by 6.4% in the 2nd quarter. Summit Global Investments now owns 101,980 shares of the company’s stock valued at $4,788,000 after buying an additional 6,143 shares in the last quarter. FMR LLC lifted its stake in Patterson Companies by 5.7% in the 2nd quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after buying an additional 75,354 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Patterson Companies by 6.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 19,508 shares of the company’s stock valued at $915,000 after buying an additional 1,166 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in Patterson Companies in the 2nd quarter valued at approximately $554,000. 88.79% of the stock is currently owned by institutional investors and hedge funds.
In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.46% of the company’s stock.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) traded down $0.04 during mid-day trading on Wednesday, hitting $33.53. 1,724,300 shares of the stock traded hands, compared to its average volume of 1,191,343. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.72. Patterson Companies, Inc. has a twelve month low of $32.17 and a twelve month high of $49.26. The company has a market capitalization of $3,215.20, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $0.51 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. equities research analysts expect that Patterson Companies, Inc. will post 2.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.04 dividend on an annualized basis and a yield of 3.10%. Patterson Companies’s dividend payout ratio is currently 60.47%.
A number of research analysts have weighed in on PDCO shares. Royal Bank Of Canada started coverage on Patterson Companies in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 price target on the stock. Robert W. Baird reissued a “buy” rating and set a $44.00 price target on shares of Patterson Companies in a research note on Friday, November 10th. Stifel Nicolaus reduced their price target on Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, August 15th. BidaskClub lowered Patterson Companies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Cleveland Research reissued a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Patterson Companies presently has an average rating of “Hold” and a consensus price target of $41.64.
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Patterson Companies Company 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.
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