Arrowstreet Capital Limited Partnership Has $5.85 Million Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Arrowstreet Capital Limited Partnership raised its holdings in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 189,646 shares of the company's stock after acquiring an additional 12,447 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.21% of Patterson Companies worth $5,852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in shares of Patterson Companies by 31.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company's stock valued at $726,000 after purchasing an additional 7,969 shares during the period. Barclays PLC increased its holdings in Patterson Companies by 37.2% in the third quarter. Barclays PLC now owns 165,715 shares of the company's stock valued at $3,619,000 after purchasing an additional 44,906 shares during the last quarter. EMC Capital Management lifted its stake in Patterson Companies by 600.7% in the fourth quarter. EMC Capital Management now owns 16,053 shares of the company's stock valued at $495,000 after buying an additional 13,762 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Patterson Companies by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company's stock worth $55,546,000 after buying an additional 245,376 shares during the last quarter. Finally, Tritonpoint Wealth LLC acquired a new position in shares of Patterson Companies during the 4th quarter worth about $264,000. 85.43% of the stock is owned by institutional investors.

Patterson Companies Stock Down 0.1 %

Patterson Companies stock traded down $0.03 during mid-day trading on Friday, reaching $30.91. The company's stock had a trading volume of 3,530,899 shares, compared to its average volume of 1,147,785. The business's 50 day simple moving average is $31.11 and its 200 day simple moving average is $27.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PDCO shares. Morgan Stanley increased their price target on shares of Patterson Companies from $27.00 to $31.35 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. StockNews.com began coverage on shares of Patterson Companies in a report on Saturday. They issued a "hold" rating on the stock. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.57.

Patterson Companies 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.