Robeco Institutional Asset Management B.V. raised its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 45.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,843 shares of the company’s stock after purchasing an additional 104,773 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.35% of Patterson Companies worth $7,295,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its stake in shares of Patterson Companies by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 107,108 shares of the company’s stock worth $2,106,000 after acquiring an additional 464 shares during the period. Investors Research Corp increased its stake in shares of Patterson Companies by 1.8% in the fourth quarter. Investors Research Corp now owns 28,200 shares of the company’s stock worth $554,000 after acquiring an additional 500 shares during the period. Virginia Retirement Systems ET AL increased its stake in shares of Patterson Companies by 3.4% in the fourth quarter. Virginia Retirement Systems ET AL now owns 15,300 shares of the company’s stock worth $301,000 after acquiring an additional 500 shares during the period. Arizona State Retirement System increased its stake in shares of Patterson Companies by 1.2% in the fourth quarter. Arizona State Retirement System now owns 59,292 shares of the company’s stock worth $1,166,000 after acquiring an additional 698 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Patterson Companies by 14.6% in 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. Institutional investors and hedge funds own 95.35% of the company’s stock.
Shares of NASDAQ PDCO opened at $22.03 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.10 billion, a P/E ratio of 13.11, a PEG ratio of 2.60 and a beta of 1.33. Patterson Companies, Inc. has a 1 year low of $18.94 and a 1 year high of $26.60.
Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Patterson Companies had a net margin of 1.38% and a return on equity of 8.50%. During the same period last year, the firm posted $0.43 earnings per share. On average, research analysts anticipate that Patterson Companies, Inc. will post 1.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.72%. The ex-dividend date was Thursday, April 11th. Patterson Companies’s payout ratio is 61.90%.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. BidaskClub raised shares of Patterson Companies from a “buy” rating to a “strong-buy” rating in a report on Friday, May 10th. Zacks Investment Research downgraded shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Finally, Guggenheim started coverage on shares of Patterson Companies in a report on Wednesday, April 17th. They set a “neutral” rating and a $23.00 price target on the stock. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.86.
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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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