Patterson Companies (NASDAQ:PDCO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.

Patterson Companies Price Performance

PDCO opened at $31.33 on Wednesday. The stock has a 50-day moving average price of $31.24 and a 200-day moving average price of $29.06. Patterson Companies has a 12-month low of $19.45 and a 12-month high of $31.79. 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 P/E ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73.

Institutional Investors Weigh In On Patterson Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Values First Advisors Inc. lifted its stake in shares of Patterson Companies by 2.9% in the 4th quarter. Values First Advisors Inc. now owns 11,961 shares of the company’s stock valued at $369,000 after acquiring an additional 337 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Patterson Companies by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,242 shares of the company’s stock valued at $254,000 after acquiring an additional 363 shares during the last quarter. Huntington National Bank lifted its stake in shares of Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after acquiring an additional 391 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 417 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in shares of Patterson Companies by 11.2% in the 4th quarter. Spire Wealth Management now owns 4,160 shares of the company’s stock valued at $128,000 after acquiring an additional 419 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

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.