Virtu Financial LLC Buys Shares of 45,821 Patterson Companies, Inc. (NASDAQ:PDCO)

Virtu Financial LLC acquired a new position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,821 shares of the company's stock, valued at approximately $1,414,000. Virtu Financial LLC owned 0.05% of Patterson Companies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PDCO. Harbour Investments Inc. acquired a new stake in shares of Patterson Companies in the 4th quarter worth approximately $26,000. GAMMA Investing LLC lifted its stake in Patterson Companies by 103.0% during the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock valued at $41,000 after purchasing an additional 680 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in Patterson Companies by 20.5% during the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock worth $51,000 after buying an additional 400 shares in the last quarter. KBC Group NV grew its position in Patterson Companies by 32.7% in the third quarter. KBC Group NV now owns 2,757 shares of the company's stock worth $60,000 after buying an additional 680 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Patterson Companies in the third quarter worth approximately $65,000. Institutional investors own 85.43% of the company's stock.

Patterson Companies Stock Up 0.0 %

Shares of NASDAQ:PDCO traded up $0.01 during trading on Thursday, reaching $31.25. 846,185 shares of the company traded hands, compared to its average volume of 1,018,682. The firm has a fifty day simple moving average of $31.06 and a 200 day simple moving average of $26.41. The company has a quick ratio of 0.76, a current ratio of 1.37 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. The firm has a market cap of $2.76 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99.

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Analysts Set New Price Targets

Several research firms have recently weighed in on PDCO. StockNews.com began coverage on Patterson Companies in a research note on Thursday. They set a "hold" rating for the company. Morgan Stanley lifted their price target on Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. Robert W. Baird upped their price objective on shares of Patterson Companies from $25.00 to $31.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Leerink Partnrs downgraded shares of Patterson Companies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, Mizuho assumed coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Patterson Companies currently has a consensus rating of "Hold" and a consensus 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.