Markel Corp Has $7,888,000 Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Markel Corp maintained its stake in Patterson Companies, Inc. (NASDAQ:PDCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,000 shares of the company’s stock at the end of the second quarter. Markel Corp owned 0.18% of Patterson Companies worth $7,888,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new position in Patterson Companies during the second quarter worth approximately $4,060,000. SFE Investment Counsel raised its position in Patterson Companies by 18.1% in the first quarter. SFE Investment Counsel now owns 62,650 shares of the company’s stock worth $2,834,000 after buying an additional 9,595 shares in the last quarter. Cipher Capital LP purchased a new position in Patterson Companies during the first quarter worth approximately $1,575,000. State of Alaska Department of Revenue raised its position in Patterson Companies by 6.4% in the second quarter. State of Alaska Department of Revenue now owns 19,508 shares of the company’s stock worth $915,000 after buying an additional 1,166 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Patterson Companies by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 373,777 shares of the company’s stock worth $16,906,000 after buying an additional 18,751 shares in the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.

Patterson Companies, Inc. (PDCO) opened at 36.45 on Friday. Patterson Companies, Inc. has a 52-week low of $36.43 and a 52-week high of $49.26. The firm has a market capitalization of $3.42 billion, a P/E ratio of 20.36 and a beta of 0.95. The firm’s 50-day moving average is $41.54 and its 200-day moving average is $43.92.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Thursday, May 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.04. Patterson Companies had a return on equity of 15.94% and a net margin of 3.06%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Patterson Companies, Inc. will post $2.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, July 12th. Patterson Companies’s payout ratio is 58.10%.

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A number of equities analysts recently issued reports on PDCO shares. Stifel Nicolaus lowered shares of Patterson Companies from a “hold” rating to a “sell” rating and dropped their target price for the stock from $47.43 to $39.00 in a research report on Thursday, July 6th. BidaskClub lowered shares of Patterson Companies from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of Patterson Companies from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Credit Suisse Group reissued an “outperform” rating and issued a $50.00 price target (up previously from $45.00) on shares of Patterson Companies in a report on Thursday, July 13th. Finally, UBS AG lowered shares of Patterson Companies from a “neutral” rating to a “sell” rating and lowered their price target for the company from $44.50 to $40.00 in a report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.00.

In other news, Director Scott P. Anderson sold 10,000 shares of Patterson Companies stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $46.76, for a total transaction of $467,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $43.83, for a total value of $32,872.50. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock worth $532,273 over the last three months. Insiders own 0.46% of the company’s stock.

Patterson Companies Company Profile

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.

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

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