The stock of Patterson Companies, Inc. (NASDAQ:PDCO) is a huge mover today! About 416,791 shares traded hands. Patterson Companies, Inc. (NASDAQ:PDCO) has risen 2.17% since March 11, 2016 and is uptrending. It has underperformed by 3.29% the S&P500.
The move comes after 6 months negative chart setup for the $4.40 billion company. It was reported on Oct, 14 by Barchart.com. We have $42.33 PT which if reached, will make NASDAQ:PDCO worth $220.00M less.
Patterson Companies, Inc. (NASDAQ:PDCO) Ratings Coverage
Out of 5 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Patterson Companies Inc. has been the topic of 7 analyst reports since August 28, 2015 according to StockzIntelligence Inc. As per Friday, August 28, the company rating was upgraded by Piper Jaffray. On Thursday, October 6 the stock rating was initiated by UBS with “Neutral”. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Underperform” rating given on Wednesday, August 24 by Bank of America. The rating was maintained by Robert W. Baird with “Neutral” on Friday, August 26. The rating was maintained by William Blair on Friday, August 28 with “Market Perform”. The firm earned “Buy” rating on Wednesday, January 6 by Evercore. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Hold” rating given on Friday, May 27 by Evercore.
According to Zacks Investment Research, “Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.08, from 1.11 in 2016Q1. The ratio is positive, as 26 funds sold all Patterson Companies, Inc. shares owned while 119 reduced positions. 48 funds bought stakes while 125 increased positions. They now own 75.27 million shares or 0.10% more from 75.19 million shares in 2016Q1.
Fifth Third Commercial Bank last reported 0% of its portfolio in the stock. Argentus Capital Ltd Com accumulated 8,126 shares or 0.17% of the stock. Dimensional Fund Advsrs L P has 709,932 shares for 0.02% of their US portfolio. Bradley Foster And Sargent Ct holds 0.04% or 19,795 shares in its portfolio. Ig Invest Mgmt Ltd has 247,226 shares for 0.05% of their US portfolio. Victory Cap Management owns 17,617 shares or 0% of their US portfolio. Airain accumulated 32,964 shares or 0.09% of the stock. The Arizona-based Arizona State Retirement has invested 0.04% in Patterson Companies, Inc. (NASDAQ:PDCO). Pictet Asset holds 0.01% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 45,102 shares. Suntrust Banks, a Georgia-based fund reported 28,385 shares. Ashfield Prns Ltd Limited Liability Company holds 0.02% or 4,700 shares in its portfolio. Wellington Mgmt Grp Incorporated Llp last reported 2.83M shares in the company. State Treasurer State Of Michigan holds 0.01% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 28,890 shares. Cipher L P owns 84,492 shares or 0.28% of their US portfolio. State Of Alaska Department Of Revenue holds 0.1% or 19,811 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 2 sales for $71,310 net activity. GUGINO ANN B had sold 750 shares worth $36,645.
More notable recent Patterson Companies, Inc. (NASDAQ:PDCO) news were published by: Businesswire.com which released: “Todd Marshall Joins Patterson Companies as Chief Marketing and Digital Officer” on July 22, 2016, also Finance.Yahoo.com with their article: “Patterson Companies & Heartland Dental Form Partnership” published on October 12, 2016, Nasdaq.com published: “Patterson Companies Inc. Reveals 4% Gain In Q1 Earnings” on August 25, 2016. More interesting news about Patterson Companies, Inc. (NASDAQ:PDCO) were released by: Businesswire.com and their article: “Patterson Companies Names Paul Guggenheim Chief Innovation Officer” published on June 02, 2016 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Patterson …” with publication date: July 29, 2016.
PDCO Company Profile
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.