Pacer Advisors Inc. trimmed its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,280 shares of the company’s stock after selling 334 shares during the period. Pacer Advisors Inc.’s holdings in Patterson Companies were worth $296,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. grew its stake in Patterson Companies by 33.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 144,328 shares of the company’s stock worth $3,154,000 after acquiring an additional 36,096 shares in the last quarter. Squarepoint Ops LLC bought a new position in Patterson Companies in the 3rd quarter worth about $276,000. Cubist Systematic Strategies LLC grew its stake in Patterson Companies by 90.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 56,681 shares of the company’s stock worth $1,366,000 after acquiring an additional 26,904 shares in the last quarter. California State Teachers Retirement System grew its stake in Patterson Companies by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 136,708 shares of the company’s stock worth $3,295,000 after acquiring an additional 620 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Patterson Companies by 1.5% in the 3rd quarter. Van ECK Associates Corp now owns 63,004 shares of the company’s stock worth $1,519,000 after purchasing an additional 950 shares during the period. Institutional investors own 86.52% of the company’s stock.
NASDAQ:PDCO opened at $31.96 on Wednesday. The firm has a market capitalization of $3.09 billion, a P/E ratio of -5.93, a PEG ratio of 1.55 and a beta of 1.63. Patterson Companies, Inc. has a 1-year low of $14.44 and a 1-year high of $36.88. The company’s fifty day moving average price is $31.97 and its 200-day moving average price is $30.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.54 and a quick ratio of 0.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Friday, April 16th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, April 15th. This represents a $1.04 annualized dividend and a yield of 3.25%. Patterson Companies’s dividend payout ratio is presently 67.10%.
Separately, Zacks Investment Research cut shares of Patterson Companies from a “buy” rating to a “sell” rating and set a $33.00 target price for the company. in a research report on Tuesday, February 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.43.
In related news, CFO Donald Zurbay sold 6,817 shares of the firm’s stock in a transaction on Friday, March 5th. The shares were sold at an average price of $30.10, for a total transaction of $205,191.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.
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 three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; technology solutions, such as practice management software and e-commerce solutions; patient education systems; and office forms and stationery.
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