November 29, 2016 - By Darrin Black · 0 Comments
Patterson Companies Inc (NASDAQ:PDCO) institutional sentiment is 1.19 in 2016 Q2. Its the same as in 2016Q1. The ratio is neither positive nor negative, as only 173 active investment managers increased and started new holdings, while 145 sold and decreased stock positions in Patterson Companies Inc. The active investment managers in our partner’s database now hold: 75.27 million shares, up from 75.19 million shares in 2016Q1. Also, the number of active investment managers holding Patterson Companies Inc in their top 10 holdings increased from 2 to 4 for an increase of 2. Sold All: 26 Reduced: 119 Increased: 125 New Position: 48.
Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The company has a market cap of $3.82 billion. The Firm operates through three divisions: dental supply, veterinary supply and rehabilitation supply. It has a 17.93 P/E ratio. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
Patterson Companies, Inc. (NASDAQ:PDCO) has declined 12.97% since April 26, 2016 and is downtrending. It has underperformed by 18.23% the S&P500.
According to Zacks Investment Research, “Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets.”
Nuance Investments Llc holds 4.47% of its portfolio in Patterson Companies, Inc. for 901,806 shares. Sector Gamma As owns 416,844 shares or 4.04% of their US portfolio. Moreover, Farr Miller & Washington Llc Dc has 2.49% invested in the company for 461,588 shares. The Minnesota-based Windsor Financial Group Llc has invested 2.29% in the stock. Parnassus Investments Ca, a California-based fund reported 7.06 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 insider sale for $34,665 net activity.
Ratings analysis reveals 20% of Patterson Companies Inc.’s analysts are positive. Out of 5 Wall Street analysts rating Patterson Companies Inc., 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $49 while the high is $54. The stock’s average target of $51.50 is 32.94% above today’s ($38.74) share price. PDCO was included in 7 notes of analysts from August 28, 2015. The stock has “Neutral” rating given by Robert W. Baird on Friday, August 26. Evercore downgraded the shares of PDCO in a report on Friday, May 27 to “Hold” rating. As per Wednesday, January 6, the company rating was upgraded by Evercore. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Market Perform” rating given on Friday, August 28 by William Blair. Bank of America reinitiated the shares of PDCO in a report on Wednesday, August 24 with “Underperform” rating. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Neutral” rating given on Thursday, October 6 by UBS. Piper Jaffray upgraded the stock to “Overweight” rating in Friday, August 28 report.
Patterson Companies, Inc., incorporated on June 15, 1992, is a distributor serving the dental, veterinary and rehabilitation supply markets. The Firm operates through three divisions: dental supply, veterinary supply and rehabilitation supply. The Firm serves the North American dental supply market, the United States and the United Kingdom veterinary supply market, and the across the world rehabilitation and assistive products supply market. The Company’s operating units include Patterson Dental, Patterson Veterinary and Patterson Medical.
More news for Patterson Companies, Inc. (NASDAQ:PDCO) were recently published by: Fool.com, which released: “Why Patterson Companies, Inc. Is Plunging Today” on November 22, 2016. Benzinga.com‘s article titled: “Patterson Companies: Something Sizeable This Way Comes” and published on November 22, 2016 is yet another important article.
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By Darrin Black