Aviance Capital Partners LLC Buys 15,446 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Aviance Capital Partners LLC grew its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,169 shares of the company’s stock after acquiring an additional 15,446 shares during the period. Aviance Capital Partners LLC’s holdings in Patterson Companies were worth $1,733,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Patterson Companies by 31.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock valued at $726,000 after acquiring an additional 7,969 shares in the last quarter. Equity Investment Corp grew its holdings in shares of Patterson Companies by 10.6% in the 3rd quarter. Equity Investment Corp now owns 1,739,669 shares of the company’s stock valued at $37,994,000 after acquiring an additional 166,899 shares in the last quarter. Goodman Financial Corp grew its holdings in shares of Patterson Companies by 19.1% in 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 in the last quarter. Mork Capital Management LLC grew its holdings in shares of Patterson Companies by 142.9% in 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 grew its holdings in shares of Patterson Companies by 37.2% in the 3rd quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after acquiring an additional 44,906 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Insider Activity 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 transaction, the chief executive officer now owns 222,736 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by company insiders.

Patterson Companies Stock Performance

Shares of NASDAQ:PDCO opened at $31.12 on Friday. The company’s 50 day simple moving average is $30.97 and its 200 day simple moving average is $25.63. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99. 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 1 year low of $19.45 and a 1 year high of $31.79.

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 the consensus estimate of $0.49 by ($0.02). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. As a group, research analysts predict that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PDCO. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Piper Sandler cut their target price on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. StockNews.com began coverage on shares of Patterson Companies in a research note on Monday. They issued a “hold” rating for the company. Morgan Stanley raised their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Mizuho initiated coverage on shares of Patterson Companies in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Patterson Companies has an average rating of “Hold” and a consensus 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.