Illinois Municipal Retirement Fund Trims Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Illinois Municipal Retirement Fund cut its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,358 shares of the company's stock after selling 16,377 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Patterson Companies were worth $875,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PDCO. Values First Advisors Inc. grew its holdings in shares of Patterson Companies by 2.9% during the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company's stock valued at $369,000 after buying an additional 337 shares during the last quarter. Anchor Investment Management LLC increased its stake 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 purchasing an additional 400 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Patterson Companies by 18.0% in the fourth 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. Spire Wealth Management lifted its holdings in Patterson Companies by 11.2% during the fourth quarter. Spire Wealth Management now owns 4,160 shares of the company's stock valued at $128,000 after purchasing an additional 419 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Patterson Companies by 32.7% in 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. Institutional investors own 85.43% of the company's stock.

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Insider Buying and Selling at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the transaction, the chief executive officer now directly owns 222,736 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

Patterson Companies Trading Down 0.0 %

Patterson Companies stock traded down $0.01 during trading hours on Thursday, hitting $31.14. The company had a trading volume of 442,699 shares, compared to its average volume of 999,176. The firm has a market cap of $2.75 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.71 and a beta of 0.99. The company has a 50-day moving average price of $30.97 and a two-hundred day moving average price of $25.59. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last released 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 firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that Patterson Companies, Inc. will post 2.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PDCO shares. StockNews.com started coverage on Patterson Companies in a research note on Monday. They issued a "hold" rating for the company. Stifel Nicolaus cut their target price on shares of Patterson Companies from $25.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, December 5th. Morgan Stanley boosted their price target on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. Robert W. Baird increased their price objective on shares of Patterson Companies from $25.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Finally, Leerink Partners reaffirmed 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.