Patterson Companies, Inc. (PDCO) Position Cut by Pflug Koory LLC

Pflug Koory LLC cut its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 1.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 48,086 shares of the company’s stock after selling 625 shares during the quarter. Pflug Koory LLC’s holdings in Patterson Companies were worth $1,051,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PDCO. Enlightenment Research LLC acquired a new position in Patterson Companies during the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund raised its position in Patterson Companies by 1,913.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 649,645 shares of the company’s stock worth $33,000 after acquiring an additional 617,386 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Patterson Companies by 14.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock worth $117,000 after acquiring an additional 761 shares during the period. Quantamental Technologies LLC acquired a new position in Patterson Companies during the fourth quarter worth $126,000. Finally, Tower Research Capital LLC TRC raised its position in Patterson Companies by 542.0% during the third quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock worth $150,000 after acquiring an additional 5,171 shares during the period. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ PDCO traded down $0.47 during mid-day trading on Thursday, reaching $21.51. The company’s stock had a trading volume of 450,530 shares, compared to its average volume of 937,573. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.79 and a beta of 1.34. The company has a quick ratio of 0.89, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. Patterson Companies, Inc. has a 1-year low of $18.94 and a 1-year high of $26.60.

Patterson Companies (NASDAQ:PDCO) last issued its earnings results on Thursday, February 28th. The company reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. Patterson Companies had a net margin of 1.38% and a return on equity of 8.50%. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, equities research analysts expect that Patterson Companies, Inc. will post 1.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Thursday, April 11th. Patterson Companies’s dividend payout ratio is currently 61.90%.

A number of equities research analysts have recently commented on PDCO shares. UBS Group started coverage on shares of Patterson Companies in a research report on Thursday, January 17th. They issued a “neutral” rating and a $23.00 target price for the company. Zacks Investment Research cut shares of Patterson Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. BidaskClub upgraded shares of Patterson Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. Finally, ValuEngine cut shares of Patterson Companies from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.75.

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About Patterson Companies

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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

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