WBI Investments Inc. trimmed its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 40.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,024 shares of the company’s stock after selling 31,032 shares during the quarter. WBI Investments Inc.’s holdings in Patterson Companies were worth $1,031,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Patterson Companies by 36.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,085,525 shares of the company’s stock worth $60,662,000 after acquiring an additional 822,221 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Patterson Companies by 6.0% during the first quarter. Gamco Investors INC. ET AL now owns 1,906,285 shares of the company’s stock valued at $41,652,000 after purchasing an additional 108,421 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Patterson Companies by 0.8% during the fourth quarter. Northern Trust Corp now owns 1,355,228 shares of the company’s stock valued at $26,643,000 after purchasing an additional 10,272 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Patterson Companies by 14.7% during the first quarter. LSV Asset Management now owns 1,200,054 shares of the company’s stock valued at $26,221,000 after purchasing an additional 153,542 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Patterson Companies by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,176,592 shares of the company’s stock valued at $23,130,000 after purchasing an additional 15,646 shares in the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

PDCO stock traded up $0.23 during trading on Friday, reaching $19.61. The stock had a trading volume of 694,082 shares, compared to its average volume of 1,386,729. Patterson Companies, Inc. has a 52 week low of $18.94 and a 52 week high of $26.60. The firm’s 50 day moving average is $22.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.96 and a current ratio of 1.83. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.09 and a beta of 1.29.

Patterson Companies (NASDAQ:PDCO) last posted its earnings results on Thursday, June 27th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Patterson Companies had a net margin of 1.50% and a return on equity of 8.94%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Research analysts predict that Patterson Companies, Inc. will post 1.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Thursday, July 11th. Patterson Companies’s dividend payout ratio is 74.29%.

A number of research analysts have recently issued reports on the company. Guggenheim assumed coverage on Patterson Companies in a report on Wednesday, April 17th. They set a “neutral” rating and a $23.00 price target on the stock. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a report on Friday, July 19th. UBS Group downgraded to a “neutral” rating and upped their price target for the company from GBX 3,300 ($43.12) to GBX 3,500 ($45.73) in a report on Tuesday, June 25th. BidaskClub downgraded YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research raised Grana y Montero SAA from a “sell” rating to a “hold” rating in a report on Monday, June 10th. Seven research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Sell” and an average target price of $21.63.

Patterson Companies Profile

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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