BRYN MAWR TRUST Co boosted its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,096 shares of the company’s stock after purchasing an additional 666 shares during the quarter. BRYN MAWR TRUST Co owned about 0.10% of Patterson Companies worth $4,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new stake in Patterson Companies in the 2nd quarter worth approximately $4,060,000. Cipher Capital LP purchased a new stake in Patterson Companies in the 1st quarter worth approximately $1,575,000. State of Alaska Department of Revenue lifted its stake in Patterson Companies by 6.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 19,508 shares of the company’s stock worth $915,000 after purchasing an additional 1,166 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Patterson Companies by 5.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 373,777 shares of the company’s stock worth $16,906,000 after purchasing an additional 18,751 shares in the last quarter. Finally, Boston Financial Mangement LLC lifted its stake in Patterson Companies by 3.5% in the 2nd quarter. Boston Financial Mangement LLC now owns 227,468 shares of the company’s stock worth $10,680,000 after purchasing an additional 7,708 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.
PDCO has been the topic of several recent analyst reports. Stifel Nicolaus cut shares of Patterson Companies from a “hold” rating to a “sell” rating and lowered their target price for the stock from $47.43 to $39.00 in a research note on Thursday, July 6th. BidaskClub cut shares of Patterson Companies from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Credit Suisse Group restated an “outperform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Patterson Companies in a research report on Thursday, July 13th. UBS AG cut shares of Patterson Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $44.50 to $40.00 in a research report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.80.
Patterson Companies, Inc. (PDCO) traded down 1.16% during mid-day trading on Tuesday, hitting $37.50. 191,914 shares of the stock traded hands. The company has a market cap of $3.50 billion, a P/E ratio of 21.79 and a beta of 0.97. Patterson Companies, Inc. has a 12 month low of $35.93 and a 12 month high of $49.26. The company’s 50 day moving average is $38.38 and its 200 day moving average is $43.15.
Patterson Companies (NASDAQ:PDCO) last released its earnings results on Thursday, August 24th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. Patterson Companies had a net margin of 2.93% and a return on equity of 15.51%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Patterson Companies, Inc. will post $2.29 earnings per share for the current fiscal year.
In other news, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $42.40, for a total value of $31,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by 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.
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