Vestcor Inc Invests $235,000 in Patterson Companies, Inc. (NASDAQ:PDCO)

Vestcor Inc purchased a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) in the 4th quarter, Holdings Channel.com reports. The firm purchased 7,626 shares of the company’s stock, valued at approximately $235,000.

Several other large investors have also modified their holdings of the stock. Values First Advisors Inc. raised its stake in shares of Patterson Companies by 2.9% during the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company’s stock worth $369,000 after purchasing an additional 337 shares during the last quarter. Anchor Investment Management LLC raised its stake in shares of Patterson Companies by 20.5% during the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Patterson Companies by 18.0% during the fourth quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock worth $84,000 after purchasing an additional 417 shares during the last quarter. 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 worth $128,000 after purchasing an additional 419 shares during the last quarter. Finally, US Bancorp DE raised its position in Patterson Companies by 1.6% in the fourth quarter. US Bancorp DE now owns 32,767 shares of the company’s stock worth $1,011,000 after acquiring an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $31.18 on Wednesday. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The stock has a market cap of $2.76 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.71 and a beta of 0.99. The business has a fifty day simple moving average of $31.02 and a 200-day simple moving average of $26.04. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

PDCO has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. StockNews.com initiated coverage on Patterson Companies in a research report on Wednesday. They issued a “hold” rating for the company. Piper Sandler cut their price objective on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Leerink Partners reiterated a “market perform” rating and issued a $31.35 price objective (up previously from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Finally, Leerink Partnrs cut Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.57.

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.