Rowlandmiller & PARTNERS.ADV Trims Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Rowlandmiller & PARTNERS.ADV reduced its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,228 shares of the company’s stock after selling 7,675 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Patterson Companies were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after buying an additional 680 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Patterson Companies by 2,084.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock valued at $48,000 after buying an additional 2,084 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock valued at $51,000 after buying an additional 400 shares in the last quarter. KBC Group NV grew its holdings in Patterson Companies by 32.7% during the 3rd quarter. KBC Group NV now owns 2,757 shares of the company’s stock valued at $60,000 after buying an additional 680 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Patterson Companies during the 3rd quarter valued at approximately $65,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Patterson Companies Stock Up 0.0 %

Shares of PDCO opened at $31.07 on Monday. The company has a market cap of $2.74 billion, a PE ratio of 18.17, a P/E/G ratio of 2.71 and a beta of 0.90. The business has a fifty day moving average of $30.93 and a 200 day moving average of $25.21. Patterson Companies, Inc. has a 52-week low of $19.45 and a 52-week high of $31.79. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Patterson Companies (NASDAQ:PDCO) last released its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned $0.50 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Patterson Companies, Inc. will post 2.25 EPS for the current year.

Insiders Place Their Bets

In other Patterson Companies 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 value of $45,282.96. Following the sale, the chief executive officer now owns 222,736 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

PDCO has been the subject of a number of research reports. Robert W. Baird increased their target price on Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Piper Sandler lowered their target price on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Stifel Nicolaus lowered their target price on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. Leerink Partnrs downgraded Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com initiated coverage on Patterson Companies in a research report on Sunday. They set a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.