Guggenheim Capital LLC Has $721,000 Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

Guggenheim Capital LLC trimmed its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO – Get Rating) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,027 shares of the company’s stock after selling 15,129 shares during the quarter. Guggenheim Capital LLC’s holdings in Patterson Companies were worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PDCO. Rockefeller Capital Management L.P. lifted its holdings in shares of Patterson Companies by 74.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,120 shares of the company’s stock valued at $26,000 after buying an additional 478 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Patterson Companies by 145.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 891 shares of the company’s stock valued at $27,000 after buying an additional 528 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Patterson Companies by 60.0% during the 3rd quarter. National Bank of Canada FI now owns 2,000 shares of the company’s stock valued at $42,000 after buying an additional 750 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Patterson Companies by 28.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,815 shares of the company’s stock valued at $55,000 after buying an additional 405 shares during the last quarter. Finally, Ronald Blue Trust Inc. acquired a new stake in shares of Patterson Companies during the 2nd quarter valued at about $58,000. 81.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PDCO shares. TheStreet upgraded Patterson Companies from a “c+” rating to a “b” rating in a report on Thursday, December 1st. Credit Suisse Group boosted their target price on Patterson Companies to $39.00 and gave the stock an “outperform” rating in a report on Monday, November 28th. StockNews.com upgraded Patterson Companies from a “hold” rating to a “buy” rating in a report on Friday, March 3rd. Piper Sandler boosted their target price on Patterson Companies from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. Finally, Evercore ISI boosted their target price on Patterson Companies to $30.00 in a report on Friday, December 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Patterson Companies currently has a consensus rating of “Moderate Buy” and an average price target of $34.17.

Patterson Companies Stock Performance

Shares of NASDAQ PDCO opened at $26.73 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $28.71 and its two-hundred day moving average is $27.76. The company has a market cap of $2.61 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.65 and a beta of 1.29. Patterson Companies, Inc. has a 12 month low of $23.87 and a 12 month high of $35.29.

Patterson Companies (NASDAQ:PDCO – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Patterson Companies had a return on equity of 21.30% and a net margin of 3.08%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. On average, equities analysts expect that Patterson Companies, Inc. will post 2.28 EPS for the current year.

Patterson Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 3rd. Stockholders of record on Friday, January 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, January 19th. Patterson Companies’s dividend payout ratio is presently 52.00%.

Patterson Companies Company Profile

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Patterson Cos., Inc provides products, technologies, services, and business solutions to the dental and animal health markets. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides consumable dental products, equipment and software, turnkey digital solutions, and value-added services to dentists, dental laboratories, institutions, and other healthcare professionals.