Aperio Group LLC Sells 6,465 Shares of Patterson Companies, Inc. (PDCO)
Aperio Group LLC trimmed its holdings in Patterson Companies, Inc. (NASDAQ:PDCO) by 21.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,375 shares of the company’s stock after selling 6,465 shares during the quarter. Aperio Group LLC’s holdings in Patterson Companies were worth $942,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Patterson Companies by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,616,289 shares of the company’s stock worth $75,885,000 after acquiring an additional 28,000 shares during the last quarter. Shapiro Capital Management LLC raised its holdings in Patterson Companies by 7.4% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,539,410 shares of the company’s stock valued at $72,275,000 after buying an additional 105,950 shares during the last quarter. FMR LLC raised its holdings in Patterson Companies by 5.7% during the 2nd quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after buying an additional 75,354 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Patterson Companies by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,077,397 shares of the company’s stock valued at $50,586,000 after buying an additional 64,073 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Patterson Companies by 0.9% during the 2nd quarter. Royal Bank of Canada now owns 1,005,124 shares of the company’s stock valued at $47,190,000 after buying an additional 8,644 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.
Patterson Companies, Inc. (NASDAQ PDCO) opened at $36.04 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.01 and a quick ratio of 1.15. Patterson Companies, Inc. has a 1-year low of $32.17 and a 1-year high of $49.26. The company has a market cap of $3,451.76, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. sell-side analysts predict that Patterson Companies, Inc. will post 2.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.04 annualized dividend and a yield of 2.89%. Patterson Companies’s dividend payout ratio (DPR) is presently 60.47%.
In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total value of $27,547.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on the stock. Royal Bank Of Canada assumed coverage on shares of Patterson Companies in a report on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 price target for the company. Cleveland Research reiterated a “hold” rating on shares of Patterson Companies in a report on Tuesday, August 22nd. Stifel Nicolaus lowered their price target on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, August 15th. UBS AG upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a report on Friday, August 25th. Finally, Robert W. Baird reiterated a “buy” rating and set a $44.00 price target on shares of Patterson Companies in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.64.
About Patterson Companies
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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