33,427 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Acquired by Dakota Wealth Management

Dakota Wealth Management acquired a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 33,427 shares of the company’s stock, valued at approximately $1,032,000.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of Patterson Companies in the second quarter valued at $41,000. GAMMA Investing LLC grew its stake in shares of Patterson Companies by 103.0% during the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after acquiring an additional 680 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Patterson Companies by 2,084.0% during the third quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock worth $48,000 after acquiring an additional 2,084 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of Patterson Companies by 20.5% during the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after acquiring an additional 400 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Patterson Companies by 32.7% in the third quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $23.08, for a total transaction of $45,282.96. Following the completion of the transaction, the chief executive officer now owns 222,736 shares in the company, valued at approximately $5,140,746.88. The trade was a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Patterson Companies Stock Performance

PDCO stock opened at $30.93 on Friday. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.69 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The stock’s fifty day moving average is $27.51 and its two-hundred day moving average is $24.33.

Patterson Companies (NASDAQ:PDCO) last posted its earnings results on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts predict that Patterson Companies, Inc. will post 2.25 EPS for the current year.

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.