Wilmington Savings Fund Society FSB Invests $65,000 in Patterson Companies, Inc. (NASDAQ:PDCO)

Wilmington Savings Fund Society FSB acquired a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,959 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Equity Investment Corp purchased a new position in shares of Patterson Companies in the second quarter worth about $37,935,000. Private Management Group Inc. raised its holdings in Patterson Companies by 268.5% in the 2nd quarter. Private Management Group Inc. now owns 1,431,666 shares of the company’s stock valued at $34,532,000 after acquiring an additional 1,043,201 shares during the last quarter. LSV Asset Management lifted its stake in Patterson Companies by 58.8% in the 2nd quarter. LSV Asset Management now owns 1,391,344 shares of the company’s stock worth $33,559,000 after purchasing an additional 515,299 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Patterson Companies during the 3rd quarter worth approximately $11,183,000. Finally, American Century Companies Inc. grew its position in shares of Patterson Companies by 83.6% in the second quarter. American Century Companies Inc. now owns 902,759 shares of the company’s stock valued at $21,775,000 after purchasing an additional 411,012 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

PDCO stock opened at $30.86 on Friday. The business’s fifty day moving average price is $22.79 and its 200 day moving average price is $23.15. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.73 billion, a PE ratio of 18.05, a P/E/G ratio of 2.70 and a beta of 1.00.

Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Patterson Companies, Inc. will post 2.26 EPS for the current year.

Insider Activity

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.08, for a total value of $45,282.96. Following the sale, the chief executive officer now owns 222,736 shares of the company’s stock, valued at $5,140,746.88. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America lowered their price objective on Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. StockNews.com started coverage on shares of Patterson Companies in a research report on Saturday. They set a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Mizuho began coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price target for the company. Finally, UBS Group decreased their price objective on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company 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.