Aviance Capital Partners LLC Acquires 15,446 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Aviance Capital Partners LLC raised its holdings in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,169 shares of the company's stock after purchasing an additional 15,446 shares during the period. Aviance Capital Partners LLC owned 0.06% of Patterson Companies worth $1,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock worth $41,000 after acquiring an additional 680 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Patterson Companies by 2,084.0% in the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company's stock worth $48,000 after purchasing an additional 2,084 shares during the period. Anchor Investment Management LLC raised its position in shares of Patterson Companies by 20.5% in 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% during 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Patterson Companies in the 3rd quarter worth about $65,000. Institutional investors own 85.43% of the company's stock.

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Patterson Companies Trading Up 0.0 %

Shares of Patterson Companies stock traded up $0.01 on Monday, hitting $31.14. The stock had a trading volume of 170,791 shares, compared to its average volume of 1,006,766. 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 one year low of $19.45 and a one year high of $31.79. The stock's 50-day simple moving average is $30.98 and its two-hundred day simple moving average is $25.69. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.71 and a beta of 0.99.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the previous year, the company earned $0.50 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Patterson Companies, Inc. will post 2.25 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Leerink Partners reissued a "market perform" rating and set a $31.35 price objective (up previously from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. Mizuho initiated coverage on Patterson Companies in a research note on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 target price on the stock. Robert W. Baird boosted their target price on 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 reduced their price target on shares of Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, December 5th. Finally, Morgan Stanley boosted their price objective on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.