Heartland Advisors Inc. Has $12.19 Million Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Heartland Advisors Inc. lowered its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 5.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 395,000 shares of the company’s stock after selling 23,900 shares during the period. Heartland Advisors Inc. owned approximately 0.45% of Patterson Companies worth $12,190,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Intech Investment Management LLC bought a new position in shares of Patterson Companies during the third quarter worth approximately $536,000. Charles Schwab Investment Management Inc. increased its position in Patterson Companies by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,554,566 shares of the company’s stock worth $33,952,000 after buying an additional 81,524 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Patterson Companies by 31.5% during the third quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock worth $726,000 after buying an additional 7,969 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Patterson Companies in the third quarter valued at about $219,000. Finally, Verition Fund Management LLC grew its stake in shares of Patterson Companies by 26.9% in the third quarter. Verition Fund Management LLC now owns 59,527 shares of the company’s stock valued at $1,300,000 after acquiring an additional 12,633 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on PDCO. Mizuho began coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price objective for the company. Leerink Partners reiterated a “market perform” rating and issued a $31.35 price target (up from $29.00) on shares of Patterson Companies in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. StockNews.com began coverage on Patterson Companies in a research report on Thursday. They set a “hold” rating for the company. Finally, Piper Sandler decreased their price target on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report 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. Based on data from MarketBeat.com, Patterson Companies has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Stock Up 0.0 %

Shares of NASDAQ:PDCO opened at $31.25 on Friday. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The business’s 50-day moving average is $31.07 and its 200-day moving average is $26.44. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 2.71 and a beta of 0.99.

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.