Fenimore Asset Management Inc buys $34,451,463 stake in Patterson Companies (PDCO)

Patterson Companies (PDCO) : Fenimore Asset Management Inc scooped up 25,985 additional shares in Patterson Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 757,175 shares of Patterson Companies which is valued at $34,451,463.Patterson Companies makes up approximately 1.68% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in PDCO by selling 9,368 shares or 52.31% in the most recent quarter. The Hedge Fund company now holds 8,541 shares of PDCO which is valued at $392,203. Patterson Companies makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Centre Asset Management reduced its stake in PDCO by selling 6,520 shares or 43.09% in the most recent quarter. The Hedge Fund company now holds 8,610 shares of PDCO which is valued at $395,371. Patterson Companies makes up approx 0.07% of Centre Asset Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in PDCO by selling 269 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 21,276 shares of PDCO which is valued at $964,654. Patterson Companies makes up approx 0.02% of Exxonmobil Investment Management Inc Tx’s portfolio.Eqis Capital Management reduced its stake in PDCO by selling 223 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 10,288 shares of PDCO which is valued at $464,092. Patterson Companies makes up approx 0.03% of Eqis Capital Management’s portfolio.

Patterson Companies closed down -0.42 points or -0.91% at $45.5 with 8,84,438 shares getting traded on Tuesday. Post opening the session at $45.67, the shares hit an intraday low of $45.16 and an intraday high of $46.36 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Patterson Companies reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.50. The company had revenue of $1322.40 million for the quarter, compared to analysts expectations of $1332.60 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Patterson Companies. BofA/Merrill Resumed Patterson Companies on Aug 24, 2016 to “Underperform”, Price Target of the shares are set at $44.

Patterson Companies Inc. is a distributor serving the dental veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply veterinary supply and rehabilitation supply. The Company’s dental supply segment provides consumable products (including x-ray film restorative materials hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems and office forms and stationery. The Company’s veterinary supply segment distributes veterinary supplies to companion-pet (dogs cats and other common household pets) equine and large animal veterinarians and veterinary clinics public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.

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