Delta Lloyd NV maintained its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) during the first quarter, Holdings Channel reports. The institutional investor owned 7,553 shares of the company’s stock at the end of the first quarter. Delta Lloyd NV’s holdings in Patterson Companies were worth $336,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised 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 raised 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. Ashfield Capital Partners LLC acquired a new stake in shares of Patterson Companies during the first quarter valued at approximately $213,000. Bell Bank acquired a new stake in shares of Patterson Companies during the first quarter valued at approximately $216,000. Finally, ING Groep NV acquired a new stake in shares of Patterson Companies during the fourth quarter valued at approximately $211,000. Institutional investors own 82.97% of the company’s stock.
Shares of Patterson Companies, Inc. (NASDAQ:PDCO) traded up 0.66% on Friday, reaching $42.79. The company’s stock had a trading volume of 1,401,160 shares. Patterson Companies, Inc. has a 12-month low of $36.46 and a 12-month high of $50.40. The company’s 50 day moving average price is $44.11 and its 200 day moving average price is $43.29. The company has a market cap of $4.05 billion, a P/E ratio of 23.49 and a beta of 0.87.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Patterson Companies had a return on equity of 17.17% and a net margin of 3.69%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. Analysts forecast that Patterson Companies, Inc. will post $2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.45%. This is a boost from Patterson Companies’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, April 11th. Patterson Companies’s payout ratio is presently 44.65%.
Several brokerages recently commented on PDCO. Jefferies Group LLC restated a “hold” rating and set a $40.00 target price on shares of Patterson Companies in a research report on Monday. Zacks Investment Research upgraded Patterson Companies from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, May 2nd. Stifel Nicolaus restated a “hold” rating and set a $39.00 target price on shares of Patterson Companies in a research report on Monday, January 30th. Evercore ISI lowered Patterson Companies from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Finally, Credit Suisse Group AG restated a “hold” rating and set a $45.00 target price on shares of Patterson Companies in a research report on Wednesday, March 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.63.
In other Patterson Companies news, Director James W. Wiltz sold 40,000 shares of Patterson Companies stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $45.29, for a total transaction of $1,811,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ellen A. Rudnick sold 3,000 shares of Patterson Companies stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.70, for a total value of $137,100.00. Following the sale, the director now directly owns 42,235 shares in the company, valued at $1,930,139.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,000 shares of company stock worth $2,627,800. 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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