Bank of Montreal Can Raises Stock Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Bank of Montreal Can grew its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,329 shares of the company’s stock after buying an additional 1,253 shares during the period. Bank of Montreal Can’s holdings in Patterson Companies were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of Patterson Companies by 6.2% during the third quarter. Stifel Financial Corp now owns 30,825 shares of the company’s stock worth $673,000 after purchasing an additional 1,789 shares during the period. Barclays PLC lifted its position in shares of Patterson Companies by 37.2% during the third quarter. Barclays PLC now owns 165,715 shares of the company’s stock worth $3,619,000 after purchasing an additional 44,906 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Patterson Companies by 54.1% during the third quarter. Sanctuary Advisors LLC now owns 25,670 shares of the company’s stock valued at $525,000 after acquiring an additional 9,015 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Patterson Companies during the third quarter worth about $65,000. Finally, Anchor Investment Management LLC lifted its stake in shares of Patterson Companies by 20.5% in the third 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. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

PDCO stock opened at $31.33 on Thursday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. The firm has a fifty day moving average price of $31.16 and a two-hundred day moving average price of $27.83. 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 current ratio of 1.37 and a quick ratio of 0.76.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Patterson Companies in a report on Sunday. They set a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.