WINTON GROUP Ltd Reduces Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

WINTON GROUP Ltd reduced its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 57.7% in the 4th quarter, Holdings Channel reports. The firm owned 16,205 shares of the company’s stock after selling 22,090 shares during the period. WINTON GROUP Ltd’s holdings in Patterson Companies were worth $500,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Patterson Companies during the fourth quarter worth approximately $18,316,000. American Century Companies Inc. grew its position 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 worth $83,662,000 after acquiring an additional 527,054 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Patterson Companies in the 3rd quarter valued at $11,183,000. Alpine Associates Management Inc. purchased a new stake in Patterson Companies in the 4th quarter valued at $10,581,000. Finally, Equity Investment Corp boosted its stake in Patterson Companies by 16.6% during the 4th quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock worth $62,614,000 after purchasing an additional 289,295 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PDCO has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. StockNews.com started coverage on Patterson Companies in a research report on Thursday. They issued a “hold” rating on the stock. Mizuho initiated coverage on Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective for the company. Morgan Stanley boosted their target price on Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Leerink Partners reaffirmed a “market perform” rating and set a $31.35 price target (up from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Patterson Companies currently has a consensus rating of “Hold” and an average price target of $26.57.

Patterson Companies Price Performance

Shares of NASDAQ PDCO opened at $31.21 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79. The firm has a market capitalization of $2.76 billion, a P/E ratio of 18.25, a PEG ratio of 2.71 and a beta of 0.99. The company’s fifty day moving average is $31.08 and its two-hundred day moving average is $26.60.

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.