81,100 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 81,100 shares of the company’s stock, valued at approximately $2,503,000. OMERS ADMINISTRATION Corp owned 0.09% of Patterson Companies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Patterson Companies by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,839 shares of the company’s stock worth $1,384,000 after purchasing an additional 1,732 shares in the last quarter. Deutsche Bank AG lifted its holdings in Patterson Companies by 47.3% during the 4th quarter. Deutsche Bank AG now owns 72,320 shares of the company’s stock worth $2,232,000 after buying an additional 23,231 shares in the last quarter. Dean Capital Management boosted its position in Patterson Companies by 13.4% in the 4th quarter. Dean Capital Management now owns 36,241 shares of the company’s stock valued at $1,118,000 after buying an additional 4,294 shares during the period. Bayesian Capital Management LP purchased a new position in Patterson Companies in the 4th quarter valued at approximately $1,116,000. Finally, Bardin Hill Management Partners LP acquired a new position in shares of Patterson Companies in the fourth quarter worth $1,365,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Patterson Companies Stock Performance

NASDAQ:PDCO opened at $31.33 on Thursday. The stock has a 50-day simple moving average of $31.23 and a 200-day simple moving average of $28.92. The stock 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, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37.

Analysts Set New Price Targets

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

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.