Atria Investments Inc Buys 1,006 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Atria Investments Inc lifted its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,121 shares of the company’s stock after acquiring an additional 1,006 shares during the period. Atria Investments Inc’s holdings in Patterson Companies were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Patterson Companies by 103.0% in the fourth 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 raised 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 worth $51,000 after acquiring an additional 400 shares during the period. KBC Group NV lifted its position in Patterson Companies by 32.7% during the 3rd quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after acquiring an additional 680 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Patterson Companies during the third quarter valued at about $65,000. Finally, Blue Trust Inc. grew its position in shares of Patterson Companies by 18.0% in the fourth quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock valued at $84,000 after purchasing an additional 417 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PDCO. Robert W. Baird boosted their price objective on Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price target on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Mizuho began coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price target for the company. Leerink Partnrs lowered shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com started coverage on shares of Patterson Companies in a report on Tuesday, March 11th. They set a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Patterson Companies presently has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Stock Performance

Patterson Companies stock opened at $31.14 on Monday. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The stock has a market capitalization of $2.76 billion, a P/E ratio of 18.21, a PEG ratio of 2.71 and a beta of 0.99. The stock has a 50-day simple moving average of $31.01 and a 200 day simple moving average of $25.92.

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.