Mission Wealth Management LP Lowers Stock Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Mission Wealth Management LP trimmed its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 1.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,802 shares of the company’s stock after selling 394 shares during the period. Mission Wealth Management LP’s holdings in Patterson Companies were worth $962,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its position in Patterson Companies by 2.7% in the fourth 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 during the period. Principal Financial Group Inc. raised its holdings in shares of 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 buying an additional 10,756 shares during the period. CIBC Asset Management Inc acquired a new position in Patterson Companies in the 4th quarter valued at about $256,000. Kestra Investment Management LLC purchased a new stake in Patterson Companies during the fourth quarter worth about $217,000. Finally, Ieq Capital LLC purchased a new stake in Patterson Companies during the fourth quarter worth about $316,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Price Performance

PDCO stock opened at $31.33 on Wednesday. The company’s 50 day moving average price is $31.31 and its 200 day moving average price is $30.71. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Patterson Companies in a report on Thursday, May 22nd. They issued a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Patterson Companies has an average rating of “Hold” and an average price target of $26.57.

Patterson Companies Company 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.