Guggenheim Capital LLC Boosts Stock Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Guggenheim Capital LLC lifted its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 137.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,989 shares of the company’s stock after purchasing an additional 24,872 shares during the quarter. Guggenheim Capital LLC’s holdings in Patterson Companies were worth $1,327,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new stake in Patterson Companies in the 4th quarter worth approximately $26,000. Huntington National Bank grew its stake in Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock worth $34,000 after buying an additional 391 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Patterson Companies by 103.0% in the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after buying an additional 680 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Patterson Companies by 501.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock worth $58,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Patterson Companies by 779.7% in the fourth quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock worth $63,000 after acquiring an additional 1,809 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Stock Performance

NASDAQ:PDCO opened at $31.33 on Tuesday. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month 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 company has a 50-day moving average price of $31.15 and a 200-day moving average price of $27.78. The stock 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.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Patterson Companies in a research note on Sunday. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Patterson Companies currently has an average rating of “Hold” and an average price target of $26.57.

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.