BerganKDV Wealth Management LLC bought a new position in Patterson Companies, Inc. (NASDAQ:PDCO) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $109,000.
Several other institutional investors and hedge funds have also bought and sold shares of PDCO. BlackRock Inc. grew its position in Patterson Companies by 4.9% in the 4th quarter. BlackRock Inc. now owns 9,795,267 shares of the company’s stock worth $192,575,000 after purchasing an additional 453,803 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Patterson Companies by 36.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,085,525 shares of the company’s stock worth $60,662,000 after purchasing an additional 822,221 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Patterson Companies by 6.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,906,285 shares of the company’s stock worth $41,652,000 after purchasing an additional 108,421 shares in the last quarter. Northern Trust Corp grew its position in Patterson Companies by 0.8% in the 4th quarter. Northern Trust Corp now owns 1,355,228 shares of the company’s stock worth $26,643,000 after purchasing an additional 10,272 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Patterson Companies by 40.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,793 shares of the company’s stock worth $32,319,000 after purchasing an additional 382,142 shares in the last quarter. Institutional investors own 93.66% of the company’s stock.
PDCO opened at $22.07 on Monday. The company has a market capitalization of $2.10 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 2.61 and a beta of 1.33. Patterson Companies, Inc. has a 12 month low of $18.94 and a 12 month high of $26.60. The company has a quick ratio of 0.89, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Patterson Companies had a net margin of 1.38% and a return on equity of 8.50%. During the same period last year, the firm earned $0.43 EPS. On average, equities analysts expect that Patterson Companies, Inc. will post 1.43 earnings per share for the current year.
A number of equities research analysts have issued reports on PDCO shares. ValuEngine downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. BidaskClub raised shares of Patterson Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th. Zacks Investment Research downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Finally, Guggenheim began coverage on shares of Patterson Companies in a research report on Wednesday, April 17th. They set a “neutral” rating and a $23.00 target price for the company. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Patterson Companies has an average rating of “Hold” and an average target price of $21.86.
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About Patterson Companies
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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