Goodman Financial Corp Buys 22,599 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Goodman Financial Corp increased its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 565,881 shares of the company’s stock after purchasing an additional 22,599 shares during the quarter. Patterson Companies makes up 3.7% of Goodman Financial Corp’s investment portfolio, making the stock its 5th largest holding. Goodman Financial Corp’s holdings in Patterson Companies were worth $17,463,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Harbour Investments Inc. bought a new stake in Patterson Companies during the fourth quarter valued at about $26,000. GAMMA Investing LLC boosted its stake in Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after purchasing an additional 680 shares during the period. Anchor Investment Management LLC grew its holdings in Patterson Companies by 20.5% in 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 during the last quarter. KBC Group NV increased its position in Patterson Companies by 32.7% in the 3rd quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after buying an additional 680 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Patterson Companies during the third quarter worth approximately $65,000. Institutional investors own 85.43% of the company’s stock.

Patterson Companies Stock Down 0.0 %

Shares of PDCO opened at $31.19 on Friday. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.71 and a beta of 0.99. The company has a 50-day moving average price of $31.03 and a two-hundred day moving average price of $26.11. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

PDCO has been the topic of several research analyst reports. Morgan Stanley raised their price objective 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. Robert W. Baird raised their price target on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Mizuho began coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective for the company. Piper Sandler decreased their target price on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com initiated coverage on Patterson Companies in a report on Wednesday. They issued a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.