Mercer Global Advisors Inc. ADV Acquires New Position in Patterson Companies, Inc. (PDCO)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) in the first quarter, HoldingsChannel reports. The fund acquired 12,894 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds have also recently bought and sold shares of the business. Enlightenment Research LLC acquired a new position in shares of Patterson Companies in the 4th quarter valued at about $28,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Patterson Companies by 1,913.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 649,645 shares of the company’s stock valued at $33,000 after purchasing an additional 617,386 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Patterson Companies by 14.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock valued at $117,000 after purchasing an additional 761 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Patterson Companies in the 4th quarter valued at about $126,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Patterson Companies by 542.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock valued at $150,000 after purchasing an additional 5,171 shares during the period. 95.21% of the stock is owned by institutional investors.

NASDAQ:PDCO opened at $21.55 on Wednesday. Patterson Companies, Inc. has a 52 week low of $18.94 and a 52 week high of $26.60. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.86, a PEG ratio of 2.70 and a beta of 1.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.89 and a current ratio of 1.80.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Patterson Companies had a return on equity of 8.50% and a net margin of 1.38%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, sell-side analysts anticipate that Patterson Companies, Inc. will post 1.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.04 annualized dividend and a yield of 4.83%. Patterson Companies’s dividend payout ratio (DPR) is presently 61.90%.

A number of equities analysts have recently weighed in on PDCO shares. BidaskClub downgraded Patterson Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research upgraded Patterson Companies from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. ValuEngine upgraded Patterson Companies from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Guggenheim assumed coverage on Patterson Companies in a report on Wednesday, April 17th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, UBS Group assumed coverage on Patterson Companies in a report on Thursday, January 17th. They issued a “neutral” rating and a $23.00 price objective on the stock. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.86.

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Patterson Companies Company Profile

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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Want to see what other hedge funds are holding PDCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patterson Companies, Inc. (NASDAQ:PDCO).

Institutional Ownership by Quarter for Patterson Companies (NASDAQ:PDCO)

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