Atria Investments LLC purchased a new position in Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 79,096 shares of the company’s stock, valued at approximately $2,858,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PDCO. Schwab Charles Investment Management Inc. raised its holdings in shares of Patterson Companies by 4.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 389,552 shares of the company’s stock worth $18,290,000 after purchasing an additional 15,775 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Patterson Companies by 15.9% during the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock worth $140,000 after purchasing an additional 415 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Patterson Companies by 0.4% during the second quarter. Alliancebernstein L.P. now owns 141,867 shares of the company’s stock worth $6,661,000 after purchasing an additional 513 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Patterson Companies by 4.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,576 shares of the company’s stock worth $168,000 after purchasing an additional 150 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Patterson Companies by 11.6% during the second quarter. Teachers Advisors LLC now owns 123,091 shares of the company’s stock worth $5,779,000 after purchasing an additional 12,770 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

In related news, Director John D. Buck bought 2,834 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $34.93 per share, for a total transaction of $98,991.62. Following the completion of the transaction, the director now directly owns 54,627 shares in the company, valued at $1,908,121.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. BidaskClub cut shares of Patterson Companies from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Evercore ISI assumed coverage on shares of Patterson Companies in a report on Thursday, January 4th. They set an “in-line” rating and a $38.50 target price for the company. Robert W. Baird reissued a “buy” rating and set a $40.00 target price on shares of Patterson Companies in a report on Wednesday, November 22nd. Piper Jaffray Companies assumed coverage on shares of Patterson Companies in a research report on Thursday, October 19th. They set a “neutral” rating and a $41.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.23.

Shares of Patterson Companies, Inc. (PDCO) opened at $36.85 on Thursday. Patterson Companies, Inc. has a 52-week low of $32.07 and a 52-week high of $48.29. The company has a market cap of $3,530.00, a price-to-earnings ratio of 21.68, a P/E/G ratio of 2.10 and a beta of 0.95. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $0.56 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. equities analysts expect that Patterson Companies, Inc. will post 2.11 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be given a $0.26 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.04 annualized dividend and a dividend yield of 2.82%. Patterson Companies’s dividend payout ratio (DPR) is 61.18%.

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Patterson Companies Company Profile

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.

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Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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