Patterson Companies, Inc. (NASDAQ:PDCO) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 15.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,999 shares of the company’s stock after purchasing an additional 1,045 shares during the period. PNC Financial Services Group Inc.’s holdings in Patterson Companies were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after purchasing an additional 680 shares during the period. Anchor Investment Management LLC boosted its position in Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the period. KBC Group NV boosted 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 purchasing an additional 680 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Patterson Companies during the 3rd quarter worth $65,000. Finally, Blue Trust Inc. boosted its position in Patterson Companies by 18.0% during the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock worth $84,000 after purchasing an additional 417 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $31.16 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 18.22, a PEG ratio of 2.71 and a beta of 0.99. The stock’s 50 day moving average price is $31.04 and its 200 day moving average price is $26.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76.

Wall Street Analyst Weigh In

PDCO has been the subject of a number of research reports. Stifel Nicolaus decreased their price target on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. Leerink Partnrs cut shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com initiated coverage on shares of Patterson Companies in a research report on Wednesday. They issued a “hold” rating for the company. Mizuho initiated coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Leerink Partners reissued a “market perform” rating and issued a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Company Profile

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.