Jane Street Group LLC purchased a new position in Patterson Companies, Inc. (NASDAQ:PDCO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,334 shares of the company’s stock, valued at approximately $283,000.
Other institutional investors also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC grew its stake in Patterson Companies by 152.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 885,174 shares of the company’s stock worth $34,212,000 after purchasing an additional 535,029 shares during the period. Van ECK Associates Corp boosted its holdings in Patterson Companies by 114.1% in the third quarter. Van ECK Associates Corp now owns 880,341 shares of the company’s stock worth $34,025,000 after acquiring an additional 469,072 shares in the last quarter. Atlanta Capital Management Co. L L C bought a new stake in Patterson Companies in the third quarter worth $10,453,000. Shell Asset Management Co. boosted its holdings in Patterson Companies by 2,700.1% in the third quarter. Shell Asset Management Co. now owns 253,859 shares of the company’s stock worth $10,517,000 after acquiring an additional 244,793 shares in the last quarter. Finally, Heartland Advisors Inc. bought a new stake in Patterson Companies in the second quarter worth $10,398,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.
PDCO has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on Patterson Companies in a report on Thursday, January 4th. They set an “in-line” rating and a $38.50 price target on the stock. Zacks Investment Research raised Patterson Companies from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Deutsche Bank initiated coverage on Patterson Companies in a research report on Friday, December 8th. They set a “hold” rating and a $37.00 price objective for the company. BidaskClub cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Morgan Stanley cut Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price target for the company. in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.23.
Patterson Companies, Inc. (NASDAQ PDCO) traded up $0.84 during trading hours on Friday, hitting $37.51. The stock had a trading volume of 1,550,978 shares, compared to its average volume of 1,401,745. Patterson Companies, Inc. has a 1-year low of $32.07 and a 1-year high of $48.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10. The company has a market cap of $3,477.20, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 15.19% and a net margin of 2.84%. Patterson Companies’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. analysts expect that Patterson Companies, Inc. will post 2.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. Patterson Companies’s dividend payout ratio is presently 62.28%.
In other Patterson Companies news, Director John D. Buck acquired 2,834 shares of the stock in a transaction dated Friday, November 24th. The stock was purchased at an average price of $34.93 per share, with a total value of $98,991.62. Following the transaction, the director now directly owns 54,627 shares of the company’s stock, valued at $1,908,121.11. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $36.38, for a total value of $27,285.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Jane Street Group LLC Takes Position in Patterson Companies, Inc. (PDCO)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/13/7334-shares-in-patterson-companies-inc-pdco-acquired-by-jane-street-group-llc.html.
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.
Receive News & Ratings for Patterson Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.com's FREE daily email newsletter.