Bank of New York Mellon Corp boosted its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 18.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,455,729 shares of the company's stock after acquiring an additional 222,005 shares during the period. Bank of New York Mellon Corp owned about 1.65% of Patterson Companies worth $44,924,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Patterson Companies by 103.0% in the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock valued at $41,000 after buying an additional 680 shares in the last quarter. International Assets Investment Management LLC boosted its stake 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 acquiring an additional 2,084 shares during the last quarter. Anchor Investment Management LLC boosted its stake 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 acquiring an additional 400 shares during the last quarter. Blue Trust Inc. increased its position in shares of Patterson Companies by 18.0% during the fourth quarter. Blue Trust Inc. now owns 2,738 shares of the company's stock worth $84,000 after purchasing an additional 417 shares in the last quarter. Finally, KBC Group NV raised its stake in Patterson Companies by 32.7% in the 3rd quarter. KBC Group NV now owns 2,757 shares of the company's stock valued at $60,000 after purchasing an additional 680 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on PDCO shares. Robert W. Baird lifted their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Piper Sandler dropped their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Friday, December 6th. Leerink Partners reissued a "market perform" rating and issued a $31.35 target price (up from $29.00) on shares of Patterson Companies in a research note on Wednesday, December 11th. Mizuho started coverage on Patterson Companies in a report on Wednesday, December 4th. They set a "neutral" rating and a $23.00 target price on the stock. Finally, Morgan Stanley increased their price target on Patterson Companies from $27.00 to $31.35 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Eleven investment 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.com, the stock has a consensus rating of "Hold" and an average price target of $26.57.
Get Our Latest Research Report on PDCO
Patterson Companies Trading Down 0.0 %
Shares of NASDAQ PDCO traded down $0.01 during trading on Monday, reaching $31.12. The stock had a trading volume of 1,113,296 shares, compared to its average volume of 1,010,509. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The company has a market cap of $2.75 billion, a P/E ratio of 18.20, a PEG ratio of 2.71 and a beta of 0.99. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The business's 50-day moving average price is $30.98 and its 200-day moving average price is $25.69.
Patterson Companies (NASDAQ:PDCO - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). The business had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.65 billion. Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS. On average, equities research analysts predict that Patterson Companies, Inc. will post 2.25 EPS for the current fiscal year.
About Patterson Companies
(
Free Report)
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.
Further Reading
Before you consider Patterson Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Patterson Companies wasn't on the list.
While Patterson Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
