EMC Capital Management Acquires 13,762 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

EMC Capital Management grew its holdings in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 600.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,053 shares of the company's stock after buying an additional 13,762 shares during the quarter. EMC Capital Management's holdings in Patterson Companies were worth $495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PDCO. GAMMA Investing LLC raised its position in Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock worth $41,000 after purchasing an additional 680 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Patterson Companies by 2,084.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,184 shares of the company's stock valued at $48,000 after purchasing an additional 2,084 shares during the period. Anchor Investment Management LLC raised its holdings in shares of Patterson Companies by 20.5% in the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock worth $51,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Patterson Companies by 18.0% during the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company's stock worth $84,000 after buying an additional 417 shares during the period. Finally, KBC Group NV lifted its position in shares of Patterson Companies by 32.7% during the 3rd quarter. KBC Group NV now owns 2,757 shares of the company's stock worth $60,000 after buying an additional 680 shares during the period. 85.43% of the stock is owned by institutional investors.

Patterson Companies Trading Up 0.1 %

Shares of NASDAQ PDCO traded up $0.04 during midday trading on Monday, hitting $30.99. The stock had a trading volume of 843,513 shares, compared to its average volume of 1,556,105. The firm has a market cap of $2.74 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.70 and a beta of 0.90. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The company's 50-day simple moving average is $28.79 and its 200 day simple moving average is $24.61.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last announced 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 firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Patterson Companies's revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that Patterson Companies, Inc. will post 2.25 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Patterson Companies from $25.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, December 5th. Evercore ISI dropped their target price on shares of Patterson Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Tuesday, October 8th. Leerink Partnrs cut 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. Finally, Leerink Partners reissued a "market perform" rating and issued a $31.35 target price (up from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.57.

Insider Buying and Selling

In related news, CEO Donald Zurbay sold 1,962 shares of Patterson Companies stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.08, for a total transaction of $45,282.96. Following the completion of the sale, the chief executive officer now directly owns 222,736 shares of the company's stock, valued at $5,140,746.88. The trade was 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 available at this link. 1.90% of the stock is currently owned by insiders.

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.