Chevy Chase Trust Holdings Inc. increased its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,041 shares of the company’s stock after purchasing an additional 1,511 shares during the quarter. Chevy Chase Trust Holdings Inc. owned 0.08% of Patterson Companies worth $2,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Patterson Companies by 0.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,625,632 shares of the company’s stock worth $62,831,000 after acquiring an additional 9,343 shares in the last quarter. Shapiro Capital Management LLC boosted its position in shares of Patterson Companies by 7.4% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,539,410 shares of the company’s stock worth $72,275,000 after acquiring an additional 105,950 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Patterson Companies by 11.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,421,850 shares of the company’s stock worth $54,955,000 after acquiring an additional 145,668 shares in the last quarter. FMR LLC boosted its position in shares of Patterson Companies by 5.7% during the 2nd quarter. FMR LLC now owns 1,400,718 shares of the company’s stock worth $65,763,000 after acquiring an additional 75,354 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Patterson Companies by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,151,446 shares of the company’s stock worth $44,504,000 after acquiring an additional 74,049 shares in the last quarter. 93.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Patterson Companies, Inc. (NASDAQ:PDCO) opened at $36.50 on Friday. The stock has a market capitalization of $3,490.00, a PE ratio of 15.82, a P/E/G ratio of 2.01 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10. Patterson Companies, Inc. has a 1 year low of $32.07 and a 1 year high of $48.29.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. research analysts anticipate that Patterson Companies, Inc. will post 2.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a $0.26 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.85%. Patterson Companies’s dividend payout ratio (DPR) is presently 61.18%.

Several research firms have recently issued reports on PDCO. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective on shares of Patterson Companies in a research report on Tuesday, September 26th. Cleveland Research reaffirmed a “hold” rating on shares of Patterson Companies in a research report on Tuesday, August 22nd. TheStreet cut Patterson Companies from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Morgan Stanley cut Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price objective for the company. in a research report on Wednesday, December 6th. Finally, BidaskClub cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $40.40.

In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Buck acquired 2,834 shares of Patterson Companies stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $34.93 per share, with a total value of $98,991.62. Following the completion of the purchase, the director now owns 54,627 shares in the company, valued at $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is owned by corporate insiders.

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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.

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

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