UBS Asset Management Americas Inc. lowered its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 64.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 107,512 shares of the company’s stock after selling 193,049 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.11% of Patterson Companies worth $3,884,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Patterson Companies by 46.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,878,432 shares of the company’s stock worth $188,551,000 after purchasing an additional 1,536,422 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Patterson Companies by 70.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,681,338 shares of the company’s stock worth $60,747,000 after purchasing an additional 696,540 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Patterson Companies by 0.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,625,632 shares of the company’s stock worth $62,831,000 after purchasing an additional 9,343 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Patterson Companies by 46.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,544,632 shares of the company’s stock worth $55,808,000 after purchasing an additional 492,936 shares during the period. Finally, Alps Advisors Inc. purchased a new position in shares of Patterson Companies during the 4th quarter worth approximately $48,813,000. 94.56% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total value of $27,285.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by company insiders.
Shares of Patterson Companies, Inc. (NASDAQ PDCO) opened at $24.69 on Wednesday. Patterson Companies, Inc. has a fifty-two week low of $22.57 and a fifty-two week high of $48.29. The firm has a market cap of $2,340.00, a price-to-earnings ratio of 9.57, a PEG ratio of 2.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.80 and a quick ratio of 1.00.
Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, March 1st. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.09). Patterson Companies had a net margin of 4.39% and a return on equity of 13.85%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. Patterson Companies’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts anticipate that Patterson Companies, Inc. will post 1.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.21%. Patterson Companies’s payout ratio is 40.31%.
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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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