Victory Capital Management Inc. Boosts Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Victory Capital Management Inc. grew its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,949 shares of the company’s stock after buying an additional 14,356 shares during the quarter. Victory Capital Management Inc. owned 0.44% of Patterson Companies worth $8,385,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PDCO. Miller Howard Investments Inc. NY grew its position in Patterson Companies by 2.3% during the second quarter. Miller Howard Investments Inc. NY now owns 19,545 shares of the company’s stock worth $471,000 after buying an additional 442 shares during the period. Hsbc Holdings PLC lifted its position in shares of Patterson Companies by 6.2% in the second quarter. Hsbc Holdings PLC now owns 14,184 shares of the company’s stock valued at $341,000 after acquiring an additional 828 shares in the last quarter. LRI Investments LLC boosted its stake in shares of Patterson Companies by 201.2% during the 2nd quarter. LRI Investments LLC now owns 1,262 shares of the company’s stock worth $30,000 after purchasing an additional 843 shares during the last quarter. Bfsg LLC lifted its position in Patterson Companies by 8.2% during the third quarter. Bfsg LLC now owns 12,250 shares of the company’s stock worth $268,000 after buying an additional 925 shares during the period. Finally, Atria Investments Inc raised its stake in Patterson Companies by 10.6% during the third quarter. Atria Investments Inc now owns 10,115 shares of the company’s stock worth $221,000 after purchasing an additional 973 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Stock Performance

Shares of PDCO opened at $20.28 on Friday. The stock has a market capitalization of $1.79 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.02. The business’s fifty day moving average price is $21.04 and its 200 day moving average price is $23.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.67. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $32.58.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.08). Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business posted $0.40 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts forecast that Patterson Companies, Inc. will post 2.32 EPS for the current year.

Patterson Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 16th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.13%. Patterson Companies’s dividend payout ratio (DPR) is presently 56.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. UBS Group dropped their target price on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Robert W. Baird cut their price target on Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Evercore ISI lowered their price objective on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, October 8th. Finally, Bank of America cut their target price on Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.30.

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.