Great Lakes Advisors LLC bought a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,150 shares of the company’s stock, valued at approximately $590,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in shares of Patterson Companies by 542.0% during the third quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock worth $150,000 after purchasing an additional 5,171 shares during the last quarter. New England Asset Management Inc. bought a new stake in shares of Patterson Companies during the second quarter worth about $149,000. Tyers Asset Management LLC grew its holdings in shares of Patterson Companies by 58.0% during the second quarter. Tyers Asset Management LLC now owns 6,624 shares of the company’s stock worth $150,000 after purchasing an additional 2,432 shares during the last quarter. Kentucky Retirement Systems bought a new stake in shares of Patterson Companies during the third quarter worth about $284,000. Finally, Sapphire Star Partners LP bought a new stake in shares of Patterson Companies during the third quarter worth about $171,000.
Patterson Companies stock opened at $22.87 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.19 billion, a P/E ratio of 13.61, a P/E/G ratio of 3.18 and a beta of 1.05. Patterson Companies, Inc. has a one year low of $20.22 and a one year high of $38.52.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities analysts predict that Patterson Companies, Inc. will post 1.42 earnings per share for the current fiscal year.
Several analysts have recently weighed in on PDCO shares. Zacks Investment Research cut Patterson Companies from a “buy” rating to a “sell” rating in a report on Monday, August 27th. ValuEngine upgraded Patterson Companies from a “sell” rating to a “hold” rating in a report on Monday, November 12th. Barclays reduced their price target on Patterson Companies from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, August 31st. Leerink Swann started coverage on Patterson Companies in a report on Friday, August 10th. They set a “market perform” rating and a $25.00 price target on the stock. Finally, Goldman Sachs Group started coverage on Patterson Companies in a report on Friday, October 19th. They set a “sell” rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.58.
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Patterson Companies Company Profile
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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