Patterson Companies, Inc. (PDCO) Shares Sold by KBC Group NV
KBC Group NV lessened its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 65.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,511 shares of the company’s stock after selling 16,361 shares during the period. KBC Group NV’s holdings in Patterson Companies were worth $329,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC raised its stake in shares of Patterson Companies by 423.4% during the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after acquiring an additional 2,041 shares in the last quarter. Amica Retiree Medical Trust increased its holdings in Patterson Companies by 433.8% during the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after buying an additional 2,429 shares during the period. Commonwealth Bank of Australia increased its holdings in Patterson Companies by 15.9% during the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after buying an additional 415 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Patterson Companies by 4.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock valued at $168,000 after buying an additional 150 shares during the period. Finally, Sciencast Management LP purchased a new position in Patterson Companies during the second quarter valued at approximately $205,000. 93.36% of the stock is owned by hedge funds and other institutional investors.
Patterson Companies, Inc. (NASDAQ PDCO) opened at $36.50 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. Patterson Companies, Inc. has a 1-year low of $32.07 and a 1-year high of $48.29. The stock has a market cap of $3,461.08, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. Patterson Companies’s revenue for the quarter was down 2.3% compared to the same quarter last year. sell-side analysts anticipate that Patterson Companies, Inc. will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, January 11th. Patterson Companies’s dividend payout ratio is currently 62.28%.
In other news, Director John D. Buck purchased 2,834 shares of the business’s stock in a transaction on Friday, November 24th. The shares were acquired at an average cost of $34.93 per share, with a total value of $98,991.62. Following the completion of the acquisition, the director now owns 54,627 shares of the company’s stock, valued at $1,908,121.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total transaction of $27,547.50. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.
Several equities analysts recently issued reports on PDCO shares. Robert W. Baird reissued a “buy” rating and set a $40.00 price objective on shares of Patterson Companies in a report on Wednesday, November 22nd. TheStreet lowered shares of Patterson Companies from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Morgan Stanley started coverage on shares of Patterson Companies in a report on Thursday, September 21st. They set an “equal weight” rating and a $42.00 price objective on the stock. Jefferies Group reissued a “hold” rating and set a $37.00 price objective on shares of Patterson Companies in a report on Thursday, November 23rd. Finally, Stifel Nicolaus raised shares of Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a report on Wednesday, November 15th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Patterson Companies currently has an average rating of “Hold” and an average price target of $40.40.
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Patterson Companies Company Profile
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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