Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.83 Million Stock Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 253.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,248 shares of the company's stock after purchasing an additional 42,480 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.07% of Patterson Companies worth $1,828,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PDCO. Advisors Asset Management Inc. raised its stake in shares of Patterson Companies by 25.6% in the fourth quarter. Advisors Asset Management Inc. now owns 217,935 shares of the company's stock valued at $6,725,000 after purchasing an additional 44,465 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Patterson Companies by 18.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 73,462 shares of the company's stock valued at $2,143,000 after buying an additional 11,698 shares during the period. Cibc World Markets Corp bought a new stake in Patterson Companies in the 4th quarter valued at $228,000. Harbour Investments Inc. bought a new position in shares of Patterson Companies during the 4th quarter worth about $26,000. Finally, Royce & Associates LP boosted its position in shares of Patterson Companies by 3.1% during the 4th quarter. Royce & Associates LP now owns 321,201 shares of the company's stock valued at $9,912,000 after acquiring an additional 9,519 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Patterson Companies Price Performance

NASDAQ PDCO traded down $0.04 on Friday, hitting $31.21. 837,579 shares of the company were exchanged, compared to its average volume of 1,056,420. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79. The firm has a 50 day moving average of $31.08 and a two-hundred day moving average of $26.56. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.76 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.71 and a beta of 0.99.

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Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. StockNews.com started coverage on Patterson Companies in a research report on Thursday. They set a "hold" rating for the company. Piper Sandler decreased their price target 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 Partners reiterated a "market perform" rating and set a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research note on Wednesday, December 11th. Finally, Leerink Partnrs downgraded shares of Patterson Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.57.

About Patterson Companies

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.