Jane Street Group LLC Takes Position in Patterson Companies, Inc. (PDCO)

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.

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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.

Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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