SG Americas Securities LLC Increases Stock Position in Patterson Companies, Inc. (NASDAQ:PDCO)

SG Americas Securities LLC grew its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 60.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,605 shares of the company’s stock after acquiring an additional 14,211 shares during the quarter. SG Americas Securities LLC’s holdings in Patterson Companies were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC boosted its holdings in shares of Patterson Companies by 7.7% in the first quarter. Yousif Capital Management LLC now owns 32,598 shares of the company’s stock worth $1,018,000 after buying an additional 2,325 shares during the last quarter. Curat Global LLC purchased a new position in shares of Patterson Companies in the first quarter worth approximately $25,000. NBC Securities Inc. boosted its holdings in shares of Patterson Companies by 126,766.7% in the first quarter. NBC Securities Inc. now owns 3,806 shares of the company’s stock worth $118,000 after buying an additional 3,803 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Patterson Companies by 3,233.8% in the first quarter. GAMMA Investing LLC now owns 44,673 shares of the company’s stock worth $1,430,000 after buying an additional 43,333 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Patterson Companies by 4.3% in the fourth quarter. California State Teachers Retirement System now owns 77,925 shares of the company’s stock worth $2,405,000 after buying an additional 3,224 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on shares of Patterson Companies in a report on Thursday, May 22nd. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Patterson Companies 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 Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. The firm’s 50 day simple moving average is $31.31 and its two-hundred day simple moving average is $30.70.

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.