Yousif Capital Management LLC Trims Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Yousif Capital Management LLC reduced its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,273 shares of the company’s stock after selling 630 shares during the quarter. Yousif Capital Management LLC’s holdings in Patterson Companies were worth $934,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Patterson Companies by 103.0% during the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after buying an additional 680 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Patterson Companies by 2,084.0% during the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock worth $48,000 after buying an additional 2,084 shares in the last quarter. Anchor Investment Management LLC grew its position in shares of Patterson Companies by 20.5% during the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after buying an additional 400 shares in the last quarter. KBC Group NV grew its position in shares of Patterson Companies by 32.7% during the third quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after buying an additional 680 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Patterson Companies during the third quarter worth about $65,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Patterson Companies Trading Down 0.0 %

Shares of PDCO stock opened at $31.03 on Friday. The business’s fifty day moving average price is $30.46 and its 200 day moving average price is $24.96. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79. The firm has a market capitalization of $2.74 billion, a PE ratio of 18.15, a P/E/G ratio of 2.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The business had revenue of $1.67 billion for 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%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. As a group, sell-side analysts forecast that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PDCO shares. Leerink Partners reissued a “market perform” rating and set a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Piper Sandler reduced their price objective on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. Leerink Partnrs cut Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Stifel Nicolaus reduced their price objective on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, December 5th. Finally, StockNews.com assumed coverage on Patterson Companies in a research note on Saturday. They issued a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.57.

Insider Buying and Selling at Patterson Companies

In related news, CEO Donald Zurbay sold 1,962 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.08, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

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.