JPMorgan Chase & Co. Has $22.01 Million Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

JPMorgan Chase & Co. raised its position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 65.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 713,048 shares of the company's stock after acquiring an additional 280,893 shares during the period. JPMorgan Chase & Co. owned about 0.81% of Patterson Companies worth $22,005,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. bought a new stake in shares of Patterson Companies in the fourth quarter worth $26,000. GAMMA Investing LLC increased 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 during the last quarter. Anchor Investment Management LLC lifted its position 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 buying an additional 400 shares in the last quarter. Blue Trust Inc. boosted its stake 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 buying an additional 417 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Patterson Companies during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PDCO. Morgan Stanley upped their target price on Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. StockNews.com began coverage on Patterson Companies in a research note on Saturday. They set a "hold" rating on the stock. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Patterson Companies currently has an average rating of "Hold" and an average price target of $26.57.

Patterson Companies Stock Performance

Patterson Companies stock traded down $0.02 during mid-day trading on Tuesday, hitting $31.33. 660,008 shares of the company's stock traded hands, compared to its average volume of 1,164,284. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. 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. The firm has a 50 day simple moving average of $31.12 and a two-hundred day simple moving average of $27.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76.

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.