New York State Teachers Retirement System Sells 10,600 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

New York State Teachers Retirement System decreased its position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,883 shares of the company's stock after selling 10,600 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Patterson Companies worth $4,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PDCO. GAMMA Investing LLC grew its position in shares of Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock valued at $41,000 after purchasing an additional 680 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Patterson Companies by 2,084.0% in the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company's stock valued at $48,000 after buying an additional 2,084 shares during the period. Anchor Investment Management LLC boosted its stake in shares of Patterson Companies by 20.5% in the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock valued at $51,000 after buying an additional 400 shares during the period. KBC Group NV boosted its stake in shares of Patterson Companies by 32.7% in the third quarter. KBC Group NV now owns 2,757 shares of the company's stock valued at $60,000 after buying an additional 680 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Patterson Companies in the third quarter valued at approximately $65,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Insider Activity

In other news, CEO Donald Zurbay sold 1,962 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.08, for a total value of $45,282.96. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.

Patterson Companies Price Performance

PDCO stock traded up $0.01 during midday trading on Friday, reaching $31.07. 707,171 shares of the stock were exchanged, compared to its average volume of 1,269,096. The stock has a market capitalization of $2.74 billion, a PE ratio of 18.17, a P/E/G ratio of 2.70 and a beta of 0.90. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 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 has a fifty day moving average price of $30.93 and a 200 day moving average price of $25.15.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last released its quarterly earnings results 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 net margin of 2.37% and a return on equity of 19.77%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $0.50 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. As a group, analysts expect that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PDCO shares. Stifel Nicolaus cut their price target on Patterson Companies from $25.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, December 5th. Piper Sandler cut their price target on Patterson Companies from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Friday, December 6th. Mizuho started coverage on Patterson Companies in a research note on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 price target for the company. Robert W. Baird boosted their price target on Patterson Companies from $25.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, StockNews.com assumed coverage on Patterson Companies in a research note on Saturday, February 15th. They set a "hold" rating for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.57.

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.