Dakota Wealth Management Makes New $1.03 Million Investment in Patterson Companies, Inc. (NASDAQ:PDCO)

Dakota Wealth Management acquired a new position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,427 shares of the company's stock, valued at approximately $1,032,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in shares of Patterson Companies in the second quarter worth approximately $41,000. GAMMA Investing LLC increased its stake in shares of Patterson Companies by 103.0% in the 4th 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 raised 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 buying an additional 2,084 shares during the period. Anchor Investment Management LLC raised its stake in Patterson Companies by 20.5% during the 3rd 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 period. Finally, KBC Group NV lifted its stake in shares of Patterson Companies by 32.7% during the 3rd quarter. KBC Group NV now owns 2,757 shares of the company's stock valued at $60,000 after buying an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Insider Activity

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 shares were sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the transaction, the chief executive officer now directly owns 222,736 shares of the company's stock, valued at $5,140,746.88. This represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PDCO. StockNews.com began coverage on shares of Patterson Companies in a research note on Wednesday. They set a "hold" rating for the company. Robert W. Baird upped 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. Evercore ISI dropped their price objective on Patterson Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 8th. Stifel Nicolaus reduced their price target on 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 upped their price objective on shares of 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.57.

Patterson Companies Stock Performance

PDCO traded up $0.03 on Friday, hitting $30.93. 1,104,619 shares of the company traded hands, compared to its average volume of 1,458,624. The stock has a market capitalization of $2.73 billion, a PE ratio of 18.09, a PEG ratio of 2.69 and a beta of 0.89. 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 company has a 50 day moving average of $27.74 and a 200-day moving average of $24.38. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.02). The company 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 business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. Sell-side analysts anticipate that Patterson Companies, Inc. will post 2.25 earnings per share for the current year.

Patterson Companies Company 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.