LSV Asset Management Sells 485,690 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

LSV Asset Management decreased its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 34.8% in the fourth quarter, HoldingsChannel reports. The firm owned 910,054 shares of the company’s stock after selling 485,690 shares during the quarter. LSV Asset Management’s holdings in Patterson Companies were worth $28,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Harbour Investments Inc. purchased a new stake in Patterson Companies in the fourth quarter worth $26,000. Huntington National Bank raised its holdings in Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Patterson Companies by 103.0% in 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. Quadrant Capital Group LLC boosted its stake in shares of Patterson Companies by 501.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock valued at $58,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new position in shares of Patterson Companies during the fourth quarter valued at about $67,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com initiated coverage on Patterson Companies in a research report on Saturday. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on Patterson Companies from $27.00 to $31.35 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat.com, Patterson Companies has a consensus rating of “Hold” and an average price target of $26.57.

Patterson Companies Price Performance

Shares of PDCO opened at $30.91 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of 18.08, a P/E/G ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $31.11 and a two-hundred day simple moving average of $27.31.

Patterson Companies 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.