Benjamin F. Edwards & Company Inc. lessened its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 39.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,375 shares of the company’s stock after selling 1,524 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Patterson Companies were worth $47,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Patterson Companies by 14.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock worth $117,000 after purchasing an additional 761 shares during the period. Quantamental Technologies LLC acquired a new position in Patterson Companies during the 4th quarter worth approximately $126,000. Tower Research Capital LLC TRC increased its position in Patterson Companies by 542.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock worth $150,000 after purchasing an additional 5,171 shares during the period. Sapphire Star Partners LP acquired a new position in Patterson Companies during the 3rd quarter worth approximately $171,000. Finally, MML Investors Services LLC acquired a new position in Patterson Companies during the 3rd quarter worth approximately $250,000.
PDCO opened at $22.82 on Thursday. The company has a market capitalization of $2.10 billion, a P/E ratio of 13.58, a PEG ratio of 2.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.76. Patterson Companies, Inc. has a 1-year low of $18.94 and a 1-year high of $32.73.
The company also recently declared a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, January 10th. Patterson Companies’s dividend payout ratio is currently 61.90%.
Several research firms have issued reports on PDCO. ValuEngine cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. BidaskClub upgraded Patterson Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. Zacks Investment Research cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. UBS Group began coverage on Patterson Companies in a research report on Thursday, January 17th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, Goldman Sachs Group began coverage on Patterson Companies in a research report on Friday, October 19th. They set a “sell” rating and a $19.00 target price on the stock. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $23.50.
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Patterson Companies Profile
Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.
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