Kestra Investment Management LLC Takes $217,000 Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Kestra Investment Management LLC acquired a new position in Patterson Companies, Inc. (NASDAQ:PDCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,043 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently bought and sold shares of PDCO. BNP Paribas Financial Markets lifted its position in shares of Patterson Companies by 31.5% in the third quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock worth $726,000 after purchasing an additional 7,969 shares in the last quarter. Equity Investment Corp lifted its position in Patterson Companies by 10.6% in the 3rd quarter. Equity Investment Corp now owns 1,739,669 shares of the company’s stock worth $37,994,000 after buying an additional 166,899 shares in the last quarter. Goodman Financial Corp boosted its stake in shares of Patterson Companies by 19.1% during the 3rd quarter. Goodman Financial Corp now owns 543,282 shares of the company’s stock valued at $11,865,000 after buying an additional 86,972 shares during the period. Mork Capital Management LLC grew its holdings in shares of Patterson Companies by 142.9% during the 3rd quarter. Mork Capital Management LLC now owns 84,980 shares of the company’s stock valued at $1,856,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Patterson Companies by 37.2% in the third quarter. Barclays PLC now owns 165,715 shares of the company’s stock worth $3,619,000 after acquiring an additional 44,906 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Patterson Companies

In other news, CEO Donald Zurbay sold 1,962 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.08, for a total transaction of $45,282.96. Following the completion of the transaction, the chief executive officer now owns 222,736 shares of the company’s stock, valued at approximately $5,140,746.88. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Patterson Companies Stock Performance

Shares of PDCO opened at $31.04 on Thursday. The company has a market capitalization of $2.74 billion, a PE ratio of 18.15, a price-to-earnings-growth 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, Inc. has a one year low of $19.45 and a one year high of $31.79. The company’s fifty day moving average price is $30.93 and its 200 day moving average price is $25.11.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 EPS 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 the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts expect that Patterson Companies, Inc. will post 2.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PDCO has been the subject of a number of research reports. 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 report on Thursday, December 5th. Piper Sandler lowered their price target 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. Robert W. Baird raised their price objective on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, Leerink Partners restated a “market perform” rating and set a $31.35 price target (up previously from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. 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.