Patterson Companies, Inc. (NASDAQ:PDCO) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,598 shares of the company’s stock after acquiring an additional 2,325 shares during the period. Yousif Capital Management LLC’s holdings in Patterson Companies were worth $1,018,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PDCO. Rhumbline Advisers boosted its holdings in Patterson Companies by 2.7% in the 4th quarter. Rhumbline Advisers now owns 262,409 shares of the company’s stock valued at $8,098,000 after purchasing an additional 6,852 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Patterson Companies by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 380,958 shares of the company’s stock valued at $11,756,000 after purchasing an additional 10,756 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Patterson Companies in the 4th quarter valued at approximately $256,000. Kestra Investment Management LLC purchased a new stake in Patterson Companies in the 4th quarter valued at approximately $217,000. Finally, Ieq Capital LLC purchased a new stake in Patterson Companies in the 4th quarter valued at approximately $316,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

Shares of NASDAQ:PDCO opened at $31.33 on Thursday. The business’s 50 day simple moving average is $31.31 and its 200-day simple moving average is $30.71. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. 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 12 month low of $19.45 and a 12 month high of $31.79.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Patterson Companies in a report on Thursday, May 22nd. They issued 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.57.

Patterson Companies 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.