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Deerfield Management Company Has Boosted Its Patterson Companies (PDCO) Position; LKQ (LKQ) Has 0.92 Sentiment

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. The company has market cap of $12.91 billion. It operates in three divisions: North America, Europe, and Specialty. It has a 26.22 P/E ratio. The firm distributes bumper covers, automotive body panels, lights, and automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines, transmissions, door assemblies, sheet metal products, lights, and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

Deerfield Management Company increased Patterson Companies Inc (PDCO) stake by 43.92% reported in 2017Q3 SEC filing. Deerfield Management Company acquired 172,738 shares as Patterson Companies Inc (PDCO)’s stock declined 2.93%. The Deerfield Management Company holds 566,000 shares with $21.88M value, up from 393,262 last quarter. Patterson Companies Inc now has $2.94B valuation. The stock increased 2.42% or $0.75 during the last trading session, reaching $31.75. About 1.93M shares traded or 4.93% up from the average. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 4.97% since February 18, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.

It closed at $41.77 lastly. It is up 1.30% since February 18, 2017 and is downtrending. It has underperformed by 18.00% the S&P500.

Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on February, 22. They expect $0.43 earnings per share, up 22.86% or $0.08 from last year’s $0.35 per share. LKQ’s profit will be $132.89 million for 24.28 P/E if the $0.43 EPS becomes a reality. After $0.45 actual earnings per share reported by LKQ Corporation for the previous quarter, Wall Street now forecasts -4.44% negative EPS growth.

Since January 1, 0001, it had 0 insider buys, and 5 insider sales for $6.96 million activity.

Ratings analysis reveals 100% of LKQ’s analysts are positive. Out of 2 Wall Street analysts rating LKQ, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $41.0 while the high is $42.0. The stock’s average target of $41.50 is -0.65% below today’s ($41.77) share price. LKQ was included in 2 notes of analysts from August 26, 2016. The firm earned “Positive” rating on Friday, August 26 by Susquehanna. As per Tuesday, February 21, the company rating was initiated by JP Morgan.

12Th Street Asset Management Company Llc holds 10.5% of its portfolio in LKQ Corporation for 1.13 million shares. Hound Partners Llc owns 9.81 million shares or 8.4% of their US portfolio. Moreover, Park Presidio Capital Llc has 8.2% invested in the company for 1.40 million shares. The New York-based Aravt Global Llc has invested 8.07% in the stock. Green Valley Investors Llc, a Delaware-based fund reported 3.46 million shares.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.46, from 0.79 in 2017Q2. It increased, as 39 investors sold PDCO shares while 102 reduced holdings. 46 funds opened positions while 130 raised stakes. 88.39 million shares or 5.32% more from 83.93 million shares in 2017Q2 were reported. Jefferies Group holds 6,700 shares or 0% of its portfolio. Third Avenue Management Limited Company holds 0.23% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 131,100 shares. 112,460 were accumulated by Prudential. Farr Miller Washington Ltd Liability Corp Dc stated it has 13,612 shares. Natixis Asset reported 0.01% stake. Blair William And Il owns 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 9,621 shares. Wisconsin-based Thompson Inv Mgmt has invested 0.08% in Patterson Companies, Inc. (NASDAQ:PDCO). Amica Mutual owns 0.01% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 4,238 shares. Pub Employees Retirement Association Of Colorado holds 2,601 shares or 0% of its portfolio. Bb&T Secs Ltd Limited Liability Company holds 0.01% or 13,203 shares. Cornerstone Mgmt Hldg Limited Com holds 14,117 shares or 0% of its portfolio. First Republic Inv stated it has 28,103 shares. Glenmede Tru Company Na stated it has 227,456 shares. Panagora Asset Management invested 0% in Patterson Companies, Inc. (NASDAQ:PDCO). Stone Run Cap reported 0.46% in Patterson Companies, Inc. (NASDAQ:PDCO).

Among 16 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 2 have Buy rating, 4 Sell and 10 Hold. Therefore 13% are positive. Patterson Companies Inc. had 35 analyst reports since August 28, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, August 26 by Robert W. Baird. The firm has “Market Perform” rating by William Blair given on Friday, August 28. The firm has “Buy” rating by Robert W. Baird given on Monday, September 25. The firm earned “Buy” rating on Wednesday, January 6 by Evercore. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) earned “Buy” rating by Credit Suisse on Thursday, July 13. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. The company was maintained on Wednesday, November 22 by Jefferies. The firm earned “Hold” rating on Friday, December 8 by Deutsche Bank. UBS initiated Patterson Companies, Inc. (NASDAQ:PDCO) on Thursday, October 6 with “Neutral” rating. Stifel Nicolaus maintained the stock with “Sell” rating in Tuesday, October 17 report.

Deerfield Management Company decreased Nxstage Medical Inc (NASDAQ:NXTM) stake by 2.25M shares to 1.58M valued at $43.59M in 2017Q3. It also reduced Advanced Accelerator Applic stake by 174,904 shares and now owns 218,000 shares. Horizon Pharma Plc (NASDAQ:HZNP) was reduced too.

Since October 11, 2017, it had 0 insider buys, and 2 insider sales for $54,833 activity. $27,285 worth of Patterson Companies, Inc. (NASDAQ:PDCO) was sold by GUGINO ANN B on Thursday, January 11.

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