Patterson Companies, Inc. (PDCO) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 236.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,094 shares of the company’s stock after purchasing an additional 8,495 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Patterson Companies were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in Patterson Companies by 423.4% during the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after acquiring an additional 2,041 shares during the last quarter. Amica Retiree Medical Trust raised its holdings in shares of Patterson Companies by 433.8% during the third quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock worth $116,000 after purchasing an additional 2,429 shares during the period. Sciencast Management LP acquired a new stake in shares of Patterson Companies during the second quarter worth $205,000. GHP Investment Advisors Inc. acquired a new stake in shares of Patterson Companies during the third quarter worth $212,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Patterson Companies during the second quarter worth $287,000. Institutional investors own 95.06% of the company’s stock.

In related news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John D. Buck acquired 2,834 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the transaction, the director now owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is owned by corporate insiders.

A number of analysts have weighed in on the stock. BidaskClub cut shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. cut shares of Patterson Companies from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $36.00 in a report on Thursday. Evercore ISI initiated coverage on shares of Patterson Companies in a report on Thursday, January 4th. They issued an “in-line” rating and a $38.50 price objective on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Patterson Companies in a report on Wednesday, November 22nd. Finally, Piper Jaffray Companies initiated coverage on shares of Patterson Companies in a research note on Thursday, October 19th. They set a “neutral” rating and a $41.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.96.

Shares of Patterson Companies, Inc. (PDCO) traded down $0.66 on Friday, hitting $31.00. 1,688,100 shares of the company’s stock traded hands, compared to its average volume of 1,464,051. Patterson Companies, Inc. has a one year low of $28.77 and a one year high of $48.29. The firm has a market capitalization of $3,002.13, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.10 and a current ratio of 1.94.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. sell-side analysts forecast that Patterson Companies, Inc. will post 2.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Thursday, January 11th. Patterson Companies’s dividend payout ratio (DPR) is 62.28%.

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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.

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

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