Choreo LLC Takes $257,000 Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Choreo LLC acquired a new stake in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,333 shares of the company's stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Patterson Companies by 103.0% during the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company's stock worth $41,000 after purchasing an additional 680 shares in the last quarter. International Assets Investment Management LLC increased its position 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 worth $48,000 after purchasing an additional 2,084 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of 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 increased its position in shares of 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 purchasing an additional 680 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Patterson Companies during the third quarter worth approximately $65,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Patterson Companies Trading Up 0.1 %

Shares of PDCO stock traded up $0.03 on Tuesday, hitting $31.06. The stock had a trading volume of 272,399 shares, compared to its average volume of 1,304,018. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The firm has a market capitalization of $2.74 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.70 and a beta of 0.90. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The company's 50 day moving average price is $30.78 and its 200-day moving average price is $25.03.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). The firm 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%. Patterson Companies's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Analysts anticipate that Patterson Companies, Inc. will post 2.25 earnings per share for the current year.

Insiders Place Their Bets

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.08, for a total transaction of $45,282.96. Following the sale, the chief executive officer now owns 222,736 shares in the company, valued at $5,140,746.88. This represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PDCO has been the subject of several research reports. Stifel Nicolaus dropped their price target on Patterson Companies from $25.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, December 5th. 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 research note on Wednesday, December 11th. Piper Sandler lowered their price objective on Patterson Companies from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Friday, December 6th. Leerink Partnrs lowered Patterson Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird boosted their price objective on Patterson Companies from $25.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Patterson Companies 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.