Patterson Companies, Inc. (NASDAQ:PDCO) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 82.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 217,150 shares of the company’s stock after buying an additional 98,150 shares during the quarter. Gabelli Funds LLC’s holdings in Patterson Companies were worth $6,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PDCO. HighTower Advisors LLC lifted its holdings in shares of Patterson Companies by 144.0% in the third quarter. HighTower Advisors LLC now owns 13,318 shares of the company’s stock valued at $301,000 after purchasing an additional 43,572 shares in the last quarter. Stifel Financial Corp raised its position in shares of Patterson Companies by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 30,825 shares of the company’s stock worth $673,000 after purchasing an additional 1,789 shares during the last quarter. Barclays PLC lifted its stake in Patterson Companies by 37.2% in the 3rd quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after buying an additional 44,906 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Patterson Companies by 54.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,670 shares of the company’s stock valued at $525,000 after buying an additional 9,015 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Patterson Companies during the third quarter worth $65,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Patterson Companies in a research note on Saturday, April 12th. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Patterson Companies currently has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Trading Up 0.0 %

NASDAQ PDCO opened at $31.33 on Thursday. The company has a market cap of $2.77 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The company has a 50-day moving average of $31.13 and a 200-day moving average of $27.47.

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.