AlphaCrest Capital Management LLC Has $1.10 Million Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

AlphaCrest Capital Management LLC lifted its position in shares of Patterson Companies, Inc. (NASDAQ:PDCOGet Rating) by 50.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,360 shares of the company’s stock after purchasing an additional 12,581 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Patterson Companies were worth $1,097,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Patterson Companies during the fourth quarter worth approximately $36,000. Sowell Financial Services LLC acquired a new position in shares of Patterson Companies during the fourth quarter worth approximately $461,000. Baird Financial Group Inc. raised its position in shares of Patterson Companies by 13.0% during the fourth quarter. Baird Financial Group Inc. now owns 10,900 shares of the company’s stock worth $320,000 after purchasing an additional 1,250 shares during the period. Bank of America Corp DE raised its position in shares of Patterson Companies by 0.8% during the fourth quarter. Bank of America Corp DE now owns 1,238,261 shares of the company’s stock worth $36,343,000 after purchasing an additional 9,960 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in shares of Patterson Companies during the fourth quarter worth approximately $228,000. 90.82% of the stock is currently owned by institutional investors.

NASDAQ PDCO opened at $30.98 on Friday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 18.01, a PEG ratio of 1.35 and a beta of 1.35. The business has a fifty day simple moving average of $32.18 and a 200 day simple moving average of $30.77. Patterson Companies, Inc. has a 12 month low of $26.51 and a 12 month high of $37.37. The company has a current ratio of 1.58, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47.

Patterson Companies (NASDAQ:PDCOGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Patterson Companies had a return on equity of 18.99% and a net margin of 2.62%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, sell-side analysts predict that Patterson Companies, Inc. will post 2.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, April 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.36%. Patterson Companies’s dividend payout ratio (DPR) is presently 60.47%.

A number of research firms recently commented on PDCO. Morgan Stanley increased their price target on Patterson Companies from $32.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, April 14th. StockNews.com began coverage on Patterson Companies in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Patterson Companies currently has a consensus rating of “Hold” and a consensus price target of $35.75.

In other Patterson Companies news, CFO Donald Zurbay sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $30.88, for a total value of $308,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Les B. Korsh sold 6,000 shares of the company’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $34.96, for a total value of $209,760.00. Following the completion of the transaction, the insider now owns 77,486 shares of the company’s stock, valued at approximately $2,708,910.56. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $704,020 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

About Patterson Companies (Get Rating)

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through three segments; Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.

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

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