Raymond James Financial Inc. Takes $18.32 Million Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Raymond James Financial Inc. acquired a new position 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 acquired 593,505 shares of the company’s stock, valued at approximately $18,316,000. Raymond James Financial Inc. owned 0.67% of Patterson Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PDCO. American Century Companies Inc. grew its position in Patterson Companies by 24.1% during the fourth quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock valued at $83,662,000 after purchasing an additional 527,054 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Patterson Companies during the 4th quarter valued at $10,581,000. Equity Investment Corp increased its stake in shares of Patterson Companies by 16.6% in the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock worth $62,614,000 after acquiring an additional 289,295 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Patterson Companies by 65.0% during the fourth quarter. JPMorgan Chase & Co. now owns 713,048 shares of the company’s stock worth $22,005,000 after acquiring an additional 280,893 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Patterson Companies by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after purchasing an additional 245,376 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

Patterson Companies stock opened at $31.33 on Monday. The firm 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. The firm has a fifty day moving average price of $31.14 and a two-hundred day moving average price of $27.71. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Patterson Companies in a research note on Sunday. They issued a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Patterson Companies currently has a consensus rating of “Hold” and a consensus target price of $26.57.

About Patterson Companies

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.