16,800 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,800 shares of the company’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in Patterson Companies by 31.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock valued at $726,000 after acquiring an additional 7,969 shares in the last quarter. Barclays PLC raised its stake in Patterson Companies by 37.2% in the third quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after purchasing an additional 44,906 shares in the last quarter. EMC Capital Management lifted its position in Patterson Companies by 600.7% during the fourth quarter. EMC Capital Management now owns 16,053 shares of the company’s stock worth $495,000 after purchasing an additional 13,762 shares during the period. Tritonpoint Wealth LLC bought a new stake in shares of Patterson Companies during the 4th quarter worth approximately $264,000. Finally, Anchor Investment Management LLC boosted its position in shares of Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after acquiring an additional 400 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $31.21 on Friday. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The firm has a 50-day moving average of $31.10 and a 200-day moving average of $26.80. The company has a market cap of $2.76 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.71 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Leerink Partners reiterated a “market perform” rating and issued a $31.35 target price (up from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. Robert W. Baird boosted their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Piper Sandler cut their price objective 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. Finally, StockNews.com started coverage on Patterson Companies in a research note on Friday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.