12,600 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Bought by Westchester Capital Management LLC

Westchester Capital Management LLC bought a new position in Patterson Companies, Inc. (NASDAQ:PDCO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,600 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors have also modified their holdings of the company. Harbour Investments Inc. bought a new position in Patterson Companies in the 4th quarter worth about $26,000. Huntington National Bank raised its stake in shares of Patterson Companies by 54.0% during the fourth quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC grew its position in Patterson Companies by 103.0% in the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after buying an additional 680 shares in the last quarter. Anchor Investment Management LLC increased its stake in Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock valued at $51,000 after buying an additional 400 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Patterson Companies by 501.6% in 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 period. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Patterson Companies in a research report on Sunday, April 20th. They issued a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Patterson Companies currently has an average rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Price Performance

Shares of Patterson Companies stock opened at $31.33 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The stock has a 50-day moving average price of $31.17 and a 200 day moving average price of $27.91. The company has a market cap of $2.77 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73.

Patterson Companies Company 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.