Achmea Investment Management B.V. purchased a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,272 shares of the company’s stock, valued at approximately $1,505,000.
Other large investors have also recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Patterson Companies by 27.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the company’s stock valued at $104,000 after buying an additional 500 shares during the last quarter. Invictus RG purchased a new stake in shares of Patterson Companies during the first quarter valued at $119,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Patterson Companies by 29.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,079 shares of the company’s stock valued at $139,000 after buying an additional 698 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Patterson Companies by 48.4% in the first 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 during the last quarter. Finally, Ashfield Capital Partners LLC purchased a new stake in shares of Patterson Companies during the first quarter valued at $213,000. 89.62% of the stock is owned by institutional investors and hedge funds.
Patterson Companies, Inc. (PDCO) traded down 0.10% during midday trading on Monday, hitting $47.79. 110,488 shares of the stock traded hands. The firm’s 50-day moving average is $44.96 and its 200-day moving average is $43.52. Patterson Companies, Inc. has a 52-week low of $36.46 and a 52-week high of $50.05. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 26.70 and a beta of 0.98.
Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Thursday, May 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Patterson Companies had a net margin of 3.06% and a return on equity of 15.94%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. Analysts predict that Patterson Companies, Inc. will post $2.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, July 12th. Patterson Companies’s dividend payout ratio is currently 58.10%.
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Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Deutsche Bank AG initiated coverage on shares of Patterson Companies in a research report on Wednesday, March 15th. They issued a “hold” rating and a $45.00 target price for the company. Evercore ISI cut shares of Patterson Companies from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Craig Hallum initiated coverage on shares of Patterson Companies in a research report on Tuesday, April 11th. They issued a “hold” rating for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 target price on shares of Patterson Companies in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.63.
In related news, Director Scott P. Anderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total value of $467,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann B. Gugino sold 750 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $43.83, for a total transaction of $32,872.50. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.
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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