Allianz Asset Management GmbH Has $36.63 Million Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Allianz Asset Management GmbH increased its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 3.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,186,906 shares of the company’s stock after acquiring an additional 42,689 shares during the period. Allianz Asset Management GmbH’s holdings in Patterson Companies were worth $36,628,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PDCO. GAMMA Investing LLC grew its position in shares of 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 buying an additional 680 shares during the period. International Assets Investment Management LLC boosted its stake in Patterson Companies by 2,084.0% during the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock worth $48,000 after acquiring an additional 2,084 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Patterson Companies by 20.5% in the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the period. KBC Group NV grew its holdings in Patterson Companies by 32.7% in the third quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after purchasing an additional 680 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Patterson Companies in the third quarter valued at $65,000. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PDCO. Stifel Nicolaus cut their price objective on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, December 5th. Leerink Partnrs lowered Patterson Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Leerink Partners restated a “market perform” rating and set a $31.35 price objective (up previously from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. StockNews.com assumed coverage on Patterson Companies in a report on Sunday. They issued a “hold” rating on the stock. Finally, Morgan Stanley boosted their price target on shares of Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Eleven 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 an average price target of $26.57.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $31.07 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.74 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.71 and a beta of 0.90. The stock’s fifty day simple moving average is $30.93 and its two-hundred day simple moving average is $25.21. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings results 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 net margin of 2.37% and a return on equity of 19.77%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts forecast that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.

Insider Transactions at Patterson Companies

In related news, CEO Donald Zurbay sold 1,962 shares of the stock in a transaction that occurred 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 approximately $5,140,746.88. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

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.