Gamco Investors INC. ET AL trimmed its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 6.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,333,883 shares of the company’s stock after selling 87,967 shares during the period. Gamco Investors INC. ET AL’s holdings in Patterson Companies were worth $48,193,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PDCO. Teachers Advisors LLC grew its position in Patterson Companies by 11.6% during the 2nd quarter. Teachers Advisors LLC now owns 123,091 shares of the company’s stock valued at $5,779,000 after purchasing an additional 12,770 shares during the last quarter. Nationwide Fund Advisors grew its position in Patterson Companies by 0.3% during the 2nd quarter. Nationwide Fund Advisors now owns 84,243 shares of the company’s stock valued at $3,955,000 after purchasing an additional 253 shares during the last quarter. FMR LLC grew its position in Patterson Companies by 5.7% during the 2nd quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after purchasing an additional 75,354 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Patterson Companies by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,077,397 shares of the company’s stock valued at $50,586,000 after purchasing an additional 64,073 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Patterson Companies by 568.1% during the 2nd quarter. Janus Henderson Group PLC now owns 52,155 shares of the company’s stock valued at $2,449,000 after purchasing an additional 44,349 shares during the last quarter. 93.63% of the stock is currently owned by institutional investors.

In other news, Director John D. Buck bought 2,834 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were bought at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the purchase, the director now owns 54,627 shares in the company, valued at $1,908,121.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $36.38, for a total transaction of $27,285.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on PDCO shares. Piper Jaffray Companies started coverage on shares of Patterson Companies in a report on Thursday, October 19th. They set a “neutral” rating and a $41.00 price target on the stock. Zacks Investment Research raised shares of Patterson Companies from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price target on shares of Patterson Companies in a report on Friday, November 10th. Stifel Nicolaus raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a report on Wednesday, November 15th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $37.00 price target on shares of Patterson Companies in a report on Thursday, November 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Patterson Companies has a consensus rating of “Hold” and a consensus target price of $40.29.

Patterson Companies, Inc. (NASDAQ PDCO) opened at $33.69 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3,339.70, a P/E ratio of 15.86, a P/E/G ratio of 1.96 and a beta of 0.89. Patterson Companies, Inc. has a 1-year low of $32.07 and a 1-year high of $48.29.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. analysts expect that Patterson Companies, Inc. will post 2.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, January 11th. Patterson Companies’s payout ratio is 62.28%.

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

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