Advisor Group Inc. Reduces Stake in Patterson Companies, Inc. (PDCO)

Advisor Group Inc. decreased its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,384 shares of the company’s stock after selling 1,437 shares during the quarter. Advisor Group Inc.’s holdings in Patterson Companies were worth $479,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Patterson Companies by 1.8% during 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 purchasing an additional 28,000 shares during the period. Shapiro Capital Management LLC increased its stake in Patterson Companies by 7.4% in the second quarter. Shapiro Capital Management LLC now owns 1,539,410 shares of the company’s stock valued at $72,275,000 after acquiring an additional 105,950 shares during the period. Gamco Investors INC. ET AL increased its stake in Patterson Companies by 11.4% in the third quarter. Gamco Investors INC. ET AL now owns 1,421,850 shares of the company’s stock valued at $54,955,000 after acquiring an additional 145,668 shares during the period. FMR LLC increased its stake in Patterson Companies by 5.7% in the second quarter. FMR LLC now owns 1,400,718 shares of the company’s stock valued at $65,763,000 after acquiring an additional 75,354 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Patterson Companies by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,077,397 shares of the company’s stock valued at $50,586,000 after acquiring an additional 64,073 shares during the period. Institutional investors own 88.73% of the company’s stock.

Shares of Patterson Companies, Inc. (NASDAQ PDCO) opened at $35.27 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.94. The firm has a market cap of $3,378.02, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. Patterson Companies, Inc. has a 52 week low of $32.07 and a 52 week high of $48.29.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. Patterson Companies’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 earnings per share. sell-side analysts predict that Patterson Companies, Inc. will post 2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.04 annualized dividend and a yield of 2.95%. Patterson Companies’s dividend payout ratio is 62.28%.

A number of research firms recently weighed in on PDCO. Royal Bank Of Canada began coverage on shares of Patterson Companies in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $42.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Patterson Companies from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, August 15th. BidaskClub cut shares of Patterson Companies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Cleveland Research reissued a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $44.00 target price on shares of Patterson Companies in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.00.

In other Patterson Companies news, CFO Ann B. Gugino sold 750 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $36.73, for a total transaction of $27,547.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://transcriptdaily.com/2017/11/26/advisor-group-inc-reduces-stake-in-patterson-companies-inc-pdco.html.

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.

Want to see what other hedge funds are holding PDCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patterson Companies, Inc. (NASDAQ:PDCO).

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

Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply