D. E. Shaw & Co. Inc. Has $1.02 Million Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

D. E. Shaw & Co. Inc. lowered its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 81.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,953 shares of the company’s stock after selling 148,620 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Patterson Companies were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Patterson Companies during the fourth quarter valued at $18,316,000. American Century Companies Inc. boosted its stake in shares of Patterson Companies by 24.1% in the 4th 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 during the last quarter. TIG Advisors LLC bought a new position in shares of Patterson Companies in the 4th quarter valued at about $14,633,000. Hsbc Holdings PLC grew its position in shares of Patterson Companies by 2,837.3% during the 4th quarter. Hsbc Holdings PLC now owns 423,977 shares of the company’s stock worth $13,084,000 after buying an additional 409,543 shares during the period. Finally, AQR Arbitrage LLC bought a new stake in shares of Patterson Companies during the fourth quarter worth approximately $12,288,000. Institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Patterson Companies in a research note on Thursday. They issued a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Price Performance

PDCO stock opened at $31.33 on Friday. The stock has a 50-day moving average price of $31.26 and a two-hundred day moving average price of $29.41. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The stock has a market cap of $2.77 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

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.