River Road Asset Management LLC lessened its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,307,207 shares of the company's stock after selling 681,010 shares during the period. River Road Asset Management LLC owned approximately 1.48% of Patterson Companies worth $40,340,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PDCO. Van ECK Associates Corp grew its position in Patterson Companies by 11.6% during the 3rd quarter. Van ECK Associates Corp now owns 72,717 shares of the company's stock worth $1,542,000 after purchasing an additional 7,585 shares during the last quarter. Atria Investments Inc grew its position in Patterson Companies by 10.6% during the 3rd quarter. Atria Investments Inc now owns 10,115 shares of the company's stock worth $221,000 after purchasing an additional 973 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of Patterson Companies by 32.9% in the 3rd quarter. Chartwell Investment Partners LLC now owns 359,681 shares of the company's stock valued at $7,856,000 after acquiring an additional 88,968 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Patterson Companies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 383,949 shares of the company's stock valued at $8,385,000 after acquiring an additional 14,356 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Patterson Companies by 32.7% in the 3rd quarter. KBC Group NV now owns 2,757 shares of the company's stock valued at $60,000 after acquiring an additional 680 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.
Patterson Companies Stock Performance
Shares of PDCO remained flat at $31.14 during trading hours on Thursday. 948,508 shares of the company traded hands, compared to its average volume of 1,020,512. 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 fifty day moving average is $31.00 and its 200-day moving average is $25.85. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79.
Analysts Set New Price Targets
Several analysts have recently commented on PDCO shares. Leerink Partnrs downgraded shares of Patterson Companies from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Piper Sandler dropped their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Friday, December 6th. Stifel Nicolaus dropped their price objective on shares of Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, December 5th. Mizuho started coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 price objective on the stock. Finally, StockNews.com began coverage on shares of Patterson Companies in a report on Tuesday. They issued a "hold" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.57.
Check Out Our Latest Analysis on PDCO
Patterson Companies Company Profile
(
Free Report)
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.
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