LSV Asset Management Reduces Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

LSV Asset Management lessened its position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 34.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 910,054 shares of the company's stock after selling 485,690 shares during the quarter. LSV Asset Management owned 1.03% of Patterson Companies worth $28,084,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PDCO. Raymond James Financial Inc. purchased a new position in Patterson Companies in the 4th quarter worth about $18,316,000. American Century Companies Inc. grew its stake in Patterson Companies by 24.1% in the 4th quarter. American Century Companies Inc. now owns 2,711,030 shares of the company's stock worth $83,662,000 after acquiring an additional 527,054 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Patterson Companies during the fourth quarter valued at approximately $10,581,000. Equity Investment Corp boosted its holdings in shares of Patterson Companies by 16.6% in the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company's stock valued at $62,614,000 after purchasing an additional 289,295 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Patterson Companies by 65.0% during the 4th quarter. JPMorgan Chase & Co. now owns 713,048 shares of the company's stock worth $22,005,000 after purchasing an additional 280,893 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Patterson Companies Stock Up 0.0 %

Patterson Companies stock traded up $0.01 during trading hours on Thursday, reaching $31.33. The stock had a trading volume of 9,359,303 shares, compared to its average volume of 1,206,191. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. 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 business's 50 day moving average price is $31.13 and its 200-day moving average price is $27.47.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Patterson Companies in a research report on Saturday, April 12th. They set a "hold" rating on the stock. 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.