Nisa Investment Advisors LLC Has $575,000 Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Nisa Investment Advisors LLC decreased its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 18,634 shares of the company's stock after selling 12,724 shares during the quarter. Nisa Investment Advisors LLC's holdings in Patterson Companies were worth $575,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in Patterson Companies by 13.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,183,940 shares of the company's stock valued at $47,697,000 after acquiring an additional 258,042 shares during the period. River Road Asset Management LLC increased its stake in Patterson Companies by 3.6% in the third quarter. River Road Asset Management LLC now owns 1,988,217 shares of the company's stock valued at $43,423,000 after acquiring an additional 68,947 shares during the period. Equity Investment Corp increased its stake in Patterson Companies by 10.6% in the third quarter. Equity Investment Corp now owns 1,739,669 shares of the company's stock valued at $37,994,000 after acquiring an additional 166,899 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Patterson Companies by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,554,566 shares of the company's stock valued at $33,952,000 after acquiring an additional 81,524 shares during the period. Finally, Private Management Group Inc. grew its stake in Patterson Companies by 5.8% during the third quarter. Private Management Group Inc. now owns 1,515,255 shares of the company's stock worth $33,093,000 after buying an additional 83,589 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Patterson Companies Trading Down 0.1 %

NASDAQ:PDCO traded down $0.04 during trading hours on Friday, hitting $30.95. The stock had a trading volume of 1,288,683 shares, compared to its average volume of 1,497,968. Patterson Companies, Inc. has a one year low of $19.45 and a one 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. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.70 and a beta of 0.89. The business's 50 day moving average is $28.79 and its 200-day moving average is $24.62.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $0.50 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts anticipate that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

Insider Buying and Selling at Patterson Companies

In other news, CEO Donald Zurbay sold 1,962 shares of the stock in a transaction on Monday, December 9th. The shares were 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 owns 222,736 shares of the company's stock, valued at $5,140,746.88. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Patterson Companies in a research note on Thursday. They set a "hold" rating on the stock. Evercore ISI decreased their price objective on shares of Patterson Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Tuesday, October 8th. Morgan Stanley upped their price objective 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. Leerink Partnrs cut shares of Patterson Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, Leerink Partners reaffirmed a "market perform" rating and set a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research note 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.