Patterson Companies, Inc. (NASDAQ:PDCO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 24.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,711,030 shares of the company’s stock after buying an additional 527,054 shares during the quarter. American Century Companies Inc.’s holdings in Patterson Companies were worth $83,662,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Values First Advisors Inc. lifted its holdings in shares of Patterson Companies by 2.9% in the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company’s stock valued at $369,000 after purchasing an additional 337 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of Patterson Companies by 20.5% during the 3rd 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. lifted its stake in Patterson Companies by 18.0% in the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock valued at $84,000 after buying an additional 417 shares in the last quarter. Spire Wealth Management grew its holdings in Patterson Companies by 11.2% during the 4th quarter. Spire Wealth Management now owns 4,160 shares of the company’s stock valued at $128,000 after buying an additional 419 shares during the last quarter. Finally, US Bancorp DE increased its position in Patterson Companies by 1.6% during the fourth quarter. US Bancorp DE now owns 32,767 shares of the company’s stock worth $1,011,000 after buying an additional 514 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Leerink Partners restated a “market perform” rating and issued a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Leerink Partnrs cut shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird boosted their price objective on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Morgan Stanley raised their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Piper Sandler reduced their price target on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Eleven research 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, the stock has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Trading Up 0.1 %

PDCO stock opened at $31.20 on Tuesday. 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 company has a market cap of $2.76 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.71 and a beta of 0.99. The business has a fifty day simple moving average of $31.05 and a 200-day simple moving average of $26.30. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79.

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.