Dana Investment Advisors Inc. Sells 92,655 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Dana Investment Advisors Inc. lowered its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,443 shares of the company’s stock after selling 92,655 shares during the quarter. Dana Investment Advisors Inc. owned about 0.21% of Patterson Companies worth $5,723,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Equity Investment Corp raised its position in Patterson Companies by 16.6% in the 4th quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock worth $62,614,000 after purchasing an additional 289,295 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Patterson Companies by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after buying an additional 245,376 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Patterson Companies by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company’s stock worth $44,924,000 after buying an additional 222,005 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Patterson Companies by 3.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,186,906 shares of the company’s stock worth $36,628,000 after acquiring an additional 42,689 shares during the last quarter. Finally, Goodman Financial Corp boosted its holdings in 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 acquiring an additional 86,972 shares during the period. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PDCO shares. Leerink Partnrs lowered Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price target on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Piper Sandler lowered their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Mizuho initiated coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, Morgan Stanley boosted their price target on Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.57.

Insiders Place Their Bets

In other news, CEO Donald Zurbay sold 1,962 shares of Patterson Companies stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $23.08, for a total value of $45,282.96. Following the transaction, the chief executive officer now owns 222,736 shares of the company’s stock, valued at $5,140,746.88. The trade was a 0.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Patterson Companies Stock Down 0.1 %

Shares of NASDAQ PDCO opened at $31.12 on Friday. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79. The stock’s fifty day simple moving average is $30.97 and its two-hundred day simple moving average is $25.63. The stock has a market capitalization of $2.75 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

Patterson Companies (NASDAQ:PDCO) last issued 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). Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts expect that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

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.