Patterson Companies, Inc. (NASDAQ:PDCO) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,919 shares of the company’s stock after selling 402 shares during the quarter. Blue Trust Inc.’s holdings in Patterson Companies were worth $59,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after acquiring an additional 680 shares in the last quarter. International Assets Investment Management LLC raised its stake in Patterson Companies by 2,084.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock valued at $48,000 after purchasing an additional 2,084 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in Patterson Companies by 20.5% in the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock valued at $51,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV boosted its stake in shares of Patterson Companies by 32.7% during the 3rd quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after purchasing an additional 680 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Patterson Companies during the third quarter worth about $65,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Insider Buying and Selling at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the transaction, the chief executive officer now owns 222,736 shares in the company, valued at $5,140,746.88. This represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Patterson Companies Price Performance

PDCO opened at $31.07 on Tuesday. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The firm has a 50 day moving average price of $30.93 and a 200 day moving average price of $25.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The company has a market cap of $2.74 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.71 and a beta of 0.90.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. Patterson Companies’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. Sell-side analysts expect that Patterson Companies, Inc. will post 2.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Patterson Companies in a research note on Sunday. They set a “hold” rating on the stock. Leerink Partnrs lowered Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Mizuho started coverage on Patterson Companies in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Morgan Stanley increased their target price on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Company 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.