Continental Advisors LLC increased its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 10.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,264 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Continental Advisors LLC owned approximately 0.08% of Patterson Companies worth $3,025,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of PDCO. Amica Retiree Medical Trust increased its position in Patterson Companies by 433.8% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after buying an additional 2,429 shares in the last quarter. Advisory Services Network LLC increased its position in Patterson Companies by 423.4% during the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after buying an additional 2,041 shares in the last quarter. Commonwealth Bank of Australia increased its position in Patterson Companies by 15.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after buying an additional 415 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Patterson Companies by 4.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after buying an additional 150 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in Patterson Companies during the 2nd quarter valued at about $205,000. Hedge funds and other institutional investors own 93.36% of the company’s stock.
In other news, CFO Ann B. Gugino sold 750 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John D. Buck bought 2,834 shares of the stock in a transaction dated Friday, November 24th. The stock was bought at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the purchase, the director now directly owns 54,627 shares of the company’s stock, valued at $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by corporate insiders.
Patterson Companies, Inc. (PDCO) opened at $35.47 on Monday. 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 firm has a market capitalization of $3,363.41, a PE ratio of 15.98, a PEG ratio of 2.03 and a beta of 0.95. Patterson Companies, Inc. has a 1-year low of $32.07 and a 1-year high of $48.29.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. sell-side analysts anticipate that Patterson Companies, Inc. will post 2.06 EPS for the current fiscal year.
Several brokerages recently issued reports on PDCO. Deutsche Bank began coverage on Patterson Companies in a research report on Friday. They set a “hold” rating and a $37.00 target price on the stock. BidaskClub lowered Patterson Companies from a “hold” rating to a “sell” rating in a research report on Thursday. Morgan Stanley lowered Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 target price on the stock. in a research report on Wednesday, December 6th. Robert W. Baird reaffirmed a “buy” rating and set a $40.00 target price on shares of Patterson Companies in a research report on Wednesday, November 22nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $37.00 target price on shares of Patterson Companies in a research report on Thursday, November 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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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