2 weeks Ago By Defense World Staff
Geode Capital Management LLC lessened its holdings in shares of Patterson Companies, Inc. ( NASDAQ:PDCO – Free Report ) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,878,905 shares of the company’s stock after selling 9,113 shares during the period. Geode Capital Management LLC owned approximately 2.13% of Patterson Companies worth $57,996,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of PDCO. Franklin Resources Inc. acquired a new position in shares of Patterson Companies in the fourth quarter valued at approximately $267,000.
Arrowstreet Capital Limited Partnership boosted its stake in Patterson Companies by 7.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 189,646 shares of the company’s stock worth $5,852,000 after purchasing an additional 12,447 shares during the period.
Norges Bank acquired a new position in Patterson Companies in the 4th quarter worth $2,169,000. JPMorgan Chase & Co. increased its holdings in Patterson Companies by 65.
0% during the 4th quarter. JPMorgan Chase & Co. now owns 713,048 shares of the company’s stock worth $22,005,000 after purchasing an additional 280,893 shares in the last quarter.
Finally, Vanguard Group Inc. raised its stake in shares of Patterson Companies by 0.5% in the 4th quarter.
Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock valued at $290,390,000 after purchasing an additional 47,897 shares during the period. 85.
43% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Patterson Companies from $27.
00 to $31.35 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. StockNews.
com began coverage on shares of Patterson Companies in a report on Saturday. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.57.
Patterson Companies Stock Performance NASDAQ PDCO opened at $30.91 on Monday. The firm’s fifty day moving average price is $31.
11 and its two-hundred day moving average price is $27.35. Patterson Companies, Inc.
has a 1 year low of $19.45 and a 1 year high of $31.79.
The firm has a market capitalization of $2.73 billion, a P/E ratio of 18.08, 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 ( Free Report ) 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.
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