Burren Capital Advisors Ltd Takes $1.66 Million Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Burren Capital Advisors Ltd purchased a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,768 shares of the company's stock, valued at approximately $1,659,000. Patterson Companies accounts for approximately 8.0% of Burren Capital Advisors Ltd's portfolio, making the stock its 6th biggest holding. Burren Capital Advisors Ltd owned about 0.06% of Patterson Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in Patterson Companies by 103.0% during 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 during the period. International Assets Investment Management LLC increased its stake in shares of Patterson Companies by 2,084.0% during the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company's stock valued at $48,000 after acquiring an additional 2,084 shares during the period. Anchor Investment Management LLC raised 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 purchasing an additional 400 shares in the last quarter. KBC Group NV lifted 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 purchasing an additional 680 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Patterson Companies during the 3rd quarter valued at $65,000. Institutional investors own 85.43% of the company's stock.

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Patterson Companies Stock Down 0.0 %

Shares of Patterson Companies stock traded down $0.01 during midday trading on Monday, hitting $31.13. The company's stock had a trading volume of 1,033,409 shares, compared to its average volume of 1,010,508. The firm has a market capitalization 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 1-year low of $19.45 and a 1-year high of $31.79. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $30.98 and a 200-day simple moving average of $25.69.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last released its 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). The business had revenue of $1.67 billion for 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 was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. As a group, sell-side analysts expect that Patterson Companies, Inc. will post 2.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PDCO has been the topic of a number of research reports. Mizuho assumed coverage on Patterson Companies in a research note on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 price objective on the stock. Robert W. Baird boosted their price target 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. Leerink Partnrs lowered shares of Patterson Companies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Stifel Nicolaus dropped their target price on shares of Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, December 5th. 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 note on Friday, December 6th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.