Virtu Financial LLC Makes New Investment in Patterson Companies, Inc. (NASDAQ:PDCO)

Virtu Financial LLC acquired a new position in Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 45,821 shares of the company’s stock, valued at approximately $1,414,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new position in Patterson Companies in the fourth quarter worth $26,000. GAMMA Investing LLC boosted its holdings in Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after purchasing an additional 680 shares during the period. Anchor Investment Management LLC boosted its holdings 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 valued at $51,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. boosted its holdings 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 valued at $84,000 after acquiring an additional 417 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Patterson Companies by 32.7% during the third quarter. KBC Group NV now owns 2,757 shares of the company’s stock valued at $60,000 after acquiring an additional 680 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Patterson Companies Price Performance

Shares of NASDAQ PDCO opened at $31.16 on Monday. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The firm’s 50-day simple moving average is $31.04 and its 200 day simple moving average is $26.23. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.76 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.71 and a beta of 0.99.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PDCO. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird boosted their price target on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus reduced their price target on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, December 5th. Piper Sandler reduced their price target on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Finally, Mizuho began coverage on shares of Patterson Companies in a research note on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Patterson Companies presently has a consensus rating of “Hold” and a consensus 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.