Gamco Investors INC. ET AL Acquires 55,125 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Gamco Investors INC. ET AL grew its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 723,257 shares of the company’s stock after acquiring an additional 55,125 shares during the quarter. Gamco Investors INC. ET AL owned about 0.82% of Patterson Companies worth $22,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. purchased a new position in Patterson Companies in the 4th quarter worth approximately $26,000. Huntington National Bank grew its position in Patterson Companies by 54.0% in the fourth quarter. Huntington National Bank now owns 1,115 shares of the company’s stock worth $34,000 after acquiring an additional 391 shares in the last quarter. GAMMA Investing LLC increased its stake in Patterson Companies by 103.0% in 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 during the last quarter. Quadrant Capital Group LLC raised its position in Patterson Companies by 501.6% during the fourth 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, Sterling Capital Management LLC lifted its stake in Patterson Companies by 779.7% during the fourth quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock worth $63,000 after purchasing an additional 1,809 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

PDCO has been the topic of a number of research reports. StockNews.com assumed coverage on Patterson Companies in a report on Saturday. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Patterson Companies presently has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Stock Up 1.4 %

Shares of NASDAQ PDCO opened at $31.34 on Tuesday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.71 and a beta of 0.73. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $31.12 and its 200 day moving average is $27.42. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79.

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.