Patterson Companies, Inc. (NASDAQ:PDCO) Stock Holdings Increased by Numerai GP LLC

Numerai GP LLC increased its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 86.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,800 shares of the company’s stock after acquiring an additional 14,712 shares during the quarter. Numerai GP LLC’s holdings in Patterson Companies were worth $981,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Patterson Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock valued at $290,390,000 after acquiring an additional 47,897 shares during the period. American Century Companies Inc. raised its holdings 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 during the period. Equity Investment Corp raised its holdings in shares of Patterson Companies by 16.6% during the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock valued at $62,614,000 after acquiring an additional 289,295 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Patterson Companies by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after acquiring an additional 245,376 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Patterson Companies by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company’s stock valued at $44,924,000 after acquiring an additional 222,005 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Patterson Companies in a report on Wednesday. They set a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $31.33 on Thursday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 18.32, 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 business has a fifty day simple moving average of $31.23 and a 200 day simple moving average of $28.92.

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.