Patterson Companies, Inc. (NASDAQ:PDCO) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 501.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,883 shares of the company’s stock after acquiring an additional 1,570 shares during the period. Quadrant Capital Group LLC’s holdings in Patterson Companies were worth $58,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

PDCO has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of Patterson Companies in a research note on Saturday. They issued a “hold” rating for the company. Morgan Stanley boosted their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.57.

Patterson Companies Trading Down 0.1 %

Shares of NASDAQ PDCO opened at $30.91 on Friday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79. The stock’s 50 day simple moving average is $31.11 and its 200 day simple moving average is $27.31.

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.