Patterson Companies, Inc. (NASDAQ:PDCO) Stock Position Raised by Investors Research Corp

Investors Research Corp lifted its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 18.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,525 shares of the company’s stock after acquiring an additional 2,525 shares during the quarter. Investors Research Corp’s holdings in Patterson Companies were worth $510,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Moran Wealth Management LLC lifted its position in shares of Patterson Companies by 4.7% in the 4th quarter. Moran Wealth Management LLC now owns 114,555 shares of the company’s stock valued at $3,535,000 after acquiring an additional 5,167 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Patterson Companies by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,927 shares of the company’s stock worth $738,000 after buying an additional 4,085 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in Patterson Companies in the 4th quarter worth approximately $10,581,000. Amundi lifted its position in Patterson Companies by 103.6% in the 4th quarter. Amundi now owns 47,230 shares of the company’s stock worth $1,457,000 after buying an additional 24,038 shares in the last quarter. Finally, Burren Capital Advisors Ltd purchased a new stake in Patterson Companies in the 4th quarter worth approximately $1,659,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Stock Down 0.0 %

Patterson Companies stock opened at $31.12 on Tuesday. The company has a market capitalization of $2.75 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.71 and a beta of 0.99. The firm’s fifty day simple moving average is $30.98 and its 200-day simple moving average is $25.73. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PDCO. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird increased their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus cut their target price on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. Morgan Stanley increased their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Piper Sandler cut their target price on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Company Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.