Patterson Companies, Inc. (NASDAQ:PDCO) Shares Purchased by Gladius Capital Management LP

Gladius Capital Management LP boosted its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 277.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,079 shares of the company’s stock after purchasing an additional 8,145 shares during the period. Gladius Capital Management LP’s holdings in Patterson Companies were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDCO. Vanguard Group Inc. raised its stake in shares of Patterson Companies by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 10,018,184 shares of the company’s stock valued at $277,003,000 after buying an additional 730,819 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Patterson Companies by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,915,315 shares of the company’s stock valued at $94,436,000 after buying an additional 23,344 shares during the period. Westwood Holdings Group Inc. increased its holdings in Patterson Companies by 3.6% in the first quarter. Westwood Holdings Group Inc. now owns 2,370,075 shares of the company’s stock valued at $65,533,000 after buying an additional 82,522 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Patterson Companies by 13.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,183,940 shares of the company’s stock worth $47,697,000 after acquiring an additional 258,042 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in shares of Patterson Companies by 3.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,988,217 shares of the company’s stock valued at $43,423,000 after acquiring an additional 68,947 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Trading Up 0.9 %

PDCO opened at $19.75 on Friday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. The company’s 50 day simple moving average is $21.05 and its two-hundred day simple moving average is $23.25. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $32.58. 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 (NASDAQ:PDCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.08). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. 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 posted $0.40 EPS. Analysts expect that Patterson Companies, Inc. will post 2.32 EPS for the current fiscal year.

Patterson Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 16th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Friday, October 18th. Patterson Companies’s payout ratio is currently 56.83%.

Analyst Ratings Changes

PDCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. UBS Group decreased 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. Bank of America cut their price target on shares of Patterson Companies from $31.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Robert W. Baird decreased their price objective on shares of Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Evercore ISI cut their target price on shares of 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. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.