Janney Montgomery Scott LLC Takes $1.12 Million Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Janney Montgomery Scott LLC purchased a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,331 shares of the company's stock, valued at approximately $1,121,000.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC lifted 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 valued at $51,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV lifted its stake in 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 acquiring an additional 680 shares in the last quarter. GAMMA Investing LLC lifted its stake in Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock worth $41,000 after acquiring an additional 680 shares in the last quarter. Bfsg LLC lifted its stake in Patterson Companies by 8.2% during the 3rd quarter. Bfsg LLC now owns 12,250 shares of the company's stock worth $268,000 after acquiring an additional 925 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in Patterson Companies by 10.6% during the 3rd quarter. Atria Investments Inc now owns 10,115 shares of the company's stock worth $221,000 after acquiring an additional 973 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Patterson Companies Stock Performance

Patterson Companies stock traded down $0.03 during mid-day trading on Friday, reaching $31.00. 1,349,925 shares of the company were exchanged, compared to its average volume of 1,382,452. Patterson Companies, Inc. has a twelve month low of $19.45 and a twelve month high of $31.79. The firm's 50-day simple moving average is $29.74 and its two-hundred day simple moving average is $24.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The firm has a market cap of $2.74 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.90.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share 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 company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.50 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Patterson Companies, Inc. will post 2.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PDCO has been the topic of several research reports. Mizuho initiated coverage on Patterson Companies in a research note on Wednesday, December 4th. They set a "neutral" rating and a $23.00 target price on the stock. StockNews.com initiated coverage on Patterson Companies in a research note on Friday. They set a "hold" rating on the stock. Stifel Nicolaus decreased their target price on Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, December 5th. Leerink Partnrs downgraded Patterson Companies from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Finally, Robert W. Baird upped their price target on Patterson Companies from $25.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.57.

Insider Buying and Selling

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the firm's 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 transaction, the chief executive officer now owns 222,736 shares of the company's stock, valued at approximately $5,140,746.88. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

About Patterson Companies

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.