Legal & General Group Plc boosted its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 464,931 shares of the company’s stock after purchasing an additional 11,847 shares during the period. Legal & General Group Plc owned about 0.49% of Patterson Companies worth $17,970,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in Patterson Companies by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock worth $168,000 after purchasing an additional 150 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of Patterson Companies by 3.6% during the 2nd quarter. Ridgewood Investments LLC now owns 4,601 shares of the company’s stock valued at $216,000 after buying an additional 159 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of 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 buying an additional 253 shares in the last quarter. Marietta Wealth Management LLC lifted its position in shares of Patterson Companies by 3.5% during the 2nd quarter. Marietta Wealth Management LLC now owns 8,676 shares of the company’s stock valued at $407,000 after buying an additional 296 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Patterson Companies by 5.9% during the 2nd quarter. Norinchukin Bank The now owns 5,662 shares of the company’s stock valued at $266,000 after buying an additional 317 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) opened at $35.47 on Monday. The stock has a market capitalization of $3,363.41, a P/E ratio of 15.98, a P/E/G ratio of 2.03 and a beta of 0.95. Patterson Companies, Inc. has a 12 month low of $32.07 and a 12 month high of $48.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.10 and a current ratio of 1.94.
Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. equities analysts forecast that Patterson Companies, Inc. will post 2.06 earnings per share for the current fiscal year.
In related news, CFO Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John D. Buck bought 2,834 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the purchase, the director now directly owns 54,627 shares in the company, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by company insiders.
PDCO has been the topic of a number of analyst reports. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Piper Jaffray Companies initiated coverage on Patterson Companies in a research report on Thursday, October 19th. They set a “neutral” rating and a $41.00 price objective on the stock. UBS raised Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a research report on Friday, August 25th. Stifel Nicolaus raised Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a research report on Wednesday, November 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective on shares of Patterson Companies in a research report on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.40.
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Patterson Companies 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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