StockNews.com began coverage on shares of Patterson Companies (NASDAQ:PDCO – Free Report) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.
Patterson Companies Stock Performance
Shares of NASDAQ PDCO opened at $31.33 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.77 billion, a PE ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. Patterson Companies has a twelve month low of $19.45 and a twelve month high of $31.79. The stock has a fifty day simple moving average of $31.21 and a 200-day simple moving average of $28.55.
Institutional Trading of Patterson Companies
Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Patterson Companies during the 4th quarter worth approximately $18,316,000. American Century Companies Inc. increased its position in shares of Patterson Companies by 24.1% during the fourth quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock worth $83,662,000 after acquiring an additional 527,054 shares during the period. TIG Advisors LLC acquired a new stake in shares of Patterson Companies in the fourth quarter valued at $14,633,000. Hsbc Holdings PLC boosted its holdings in Patterson Companies by 2,837.3% in the fourth quarter. Hsbc Holdings PLC now owns 423,977 shares of the company’s stock valued at $13,084,000 after purchasing an additional 409,543 shares during the period. Finally, Woodline Partners LP acquired a new position in Patterson Companies during the 4th quarter worth $12,344,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
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.
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