LPL Financial LLC Has $568,000 Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

LPL Financial LLC boosted its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,402 shares of the company’s stock after purchasing an additional 1,380 shares during the period. LPL Financial LLC’s holdings in Patterson Companies were worth $568,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Values First Advisors Inc. increased its stake in shares of Patterson Companies by 2.9% in the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company’s stock valued at $369,000 after buying an additional 337 shares during the period. Anchor Investment Management LLC grew its holdings in 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 during the last quarter. Blue Trust Inc. increased its position in Patterson Companies by 18.0% in the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock valued at $84,000 after acquiring an additional 417 shares during the period. Spire Wealth Management raised its stake in shares of Patterson Companies by 11.2% during the fourth quarter. Spire Wealth Management now owns 4,160 shares of the company’s stock valued at $128,000 after acquiring an additional 419 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Patterson Companies by 1.6% during the fourth quarter. US Bancorp DE now owns 32,767 shares of the company’s stock worth $1,011,000 after purchasing an additional 514 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Patterson Companies in a research report on Sunday, April 20th. They set a “hold” rating for the company. Eleven research 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 has a consensus rating of “Hold” and an average target price of $26.57.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $31.33 on Friday. 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. The business’s 50-day moving average is $31.17 and its 200-day moving average is $27.91. The company has a market capitalization 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.

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.