Thompson Siegel & Walmsley LLC Has $34.21 Million Position in Patterson Companies, Inc. (PDCO)
Thompson Siegel & Walmsley LLC increased its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 152.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 885,174 shares of the company’s stock after purchasing an additional 535,029 shares during the period. Thompson Siegel & Walmsley LLC owned 0.92% of Patterson Companies worth $34,212,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Summit Global Investments grew its stake in shares of Patterson Companies by 6.4% during the second quarter. Summit Global Investments now owns 101,980 shares of the company’s stock worth $4,788,000 after purchasing an additional 6,143 shares in the last quarter. FMR LLC lifted its position in Patterson Companies by 5.7% in the second quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after acquiring an additional 75,354 shares during the last quarter. Clinton Group Inc. purchased a new stake in Patterson Companies in the second quarter valued at $554,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Patterson Companies by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 235,194 shares of the company’s stock valued at $11,042,000 after acquiring an additional 4,290 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its position in Patterson Companies by 7.4% in the second quarter. Shapiro Capital Management LLC now owns 1,539,410 shares of the company’s stock valued at $72,275,000 after acquiring an additional 105,950 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.
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A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Patterson Companies in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $42.00 price target for the company. Cleveland Research reissued a “hold” rating on shares of Patterson Companies in a research report on Tuesday, August 22nd. Stifel Nicolaus reduced their price target on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Tuesday, August 15th. UBS AG raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a research report on Friday, August 25th. Finally, Robert W. Baird reissued a “buy” rating and issued a $44.00 price target on shares of Patterson Companies in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Patterson Companies presently has a consensus rating of “Hold” and an average target price of $41.64.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) traded down $1.22 during trading hours on Tuesday, hitting $34.82. 3,154,900 shares of the stock were exchanged, compared to its average volume of 1,213,244. Patterson Companies, Inc. has a 1-year low of $32.17 and a 1-year high of $49.26. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3,451.76, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Monday, November 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $0.56 earnings per share. Patterson Companies’s quarterly revenue was down 2.3% on a year-over-year basis. equities research analysts forecast that Patterson Companies, Inc. will post 2.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.04 annualized dividend and a yield of 2.99%. Patterson Companies’s dividend payout ratio is currently 60.47%.
In related news, CFO Ann B. Gugino sold 750 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total transaction of $27,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.
About Patterson Companies
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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