Allianz Asset Management GmbH increased its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 793,339 shares of the company’s stock after acquiring an additional 76,844 shares during the period. Allianz Asset Management GmbH owned approximately 0.84% of Patterson Companies worth $19,397,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Patterson Companies by 182.5% in the first quarter. Principal Financial Group Inc. now owns 364,937 shares of the company’s stock worth $8,112,000 after acquiring an additional 235,760 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Patterson Companies by 210.4% in the second quarter. Bank of Montreal Can now owns 27,715 shares of the company’s stock worth $628,000 after acquiring an additional 18,786 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Patterson Companies in the second quarter worth $389,000. Aperio Group LLC grew its stake in shares of Patterson Companies by 476.1% in the second quarter. Aperio Group LLC now owns 153,688 shares of the company’s stock worth $3,484,000 after acquiring an additional 127,012 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Patterson Companies in the second quarter worth $48,813,000.
PDCO opened at $22.87 on Friday. Patterson Companies, Inc. has a fifty-two week low of $20.22 and a fifty-two week high of $38.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.79. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings results on Thursday, December 6th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Patterson Companies had a net margin of 3.01% and a return on equity of 9.71%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Patterson Companies, Inc. will post 1.42 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Zacks Investment Research restated a “hold” rating on shares of Patterson Companies in a research note on Wednesday, November 14th. BidaskClub downgraded shares of Patterson Companies from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, Goldman Sachs Group assumed coverage on shares of Patterson Companies in a research note on Friday, October 19th. They issued a “sell” rating and a $19.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.58.
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Patterson Companies Company 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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