Guggenheim Capital LLC Acquires 24,872 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Guggenheim Capital LLC increased its position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 137.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,989 shares of the company's stock after acquiring an additional 24,872 shares during the quarter. Guggenheim Capital LLC's holdings in Patterson Companies were worth $1,327,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Values First Advisors Inc. boosted its position in shares of Patterson Companies by 2.9% during the 4th quarter. Values First Advisors Inc. now owns 11,961 shares of the company's stock valued at $369,000 after acquiring an additional 337 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in Patterson Companies by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,242 shares of the company's stock worth $254,000 after buying an additional 363 shares in the last quarter. Huntington National Bank increased its holdings in shares of Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company's stock worth $34,000 after buying an additional 391 shares during the last quarter. Anchor Investment Management LLC raised its position in shares of Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock valued at $51,000 after buying an additional 400 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Patterson Companies by 18.0% during the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company's stock worth $84,000 after acquiring an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Patterson Companies in a research report on Sunday, April 20th. They set a "hold" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.57.

Patterson Companies Stock Performance

Shares of NASDAQ:PDCO remained flat at $31.33 during trading on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The firm has a 50-day moving average price of $31.17 and a 200 day moving average price of $27.91. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73.

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.