Harbour Investments Inc. Invests $26,000 in Patterson Companies, Inc. (NASDAQ:PDCO)

Harbour Investments Inc. acquired a new stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 850 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds also recently bought and sold shares of the company. Royce & Associates LP lifted its holdings in shares of Patterson Companies by 3.1% in the 4th quarter. Royce & Associates LP now owns 321,201 shares of the company’s stock worth $9,912,000 after acquiring an additional 9,519 shares during the last quarter. Natixis Advisors LLC bought a new stake in Patterson Companies in the fourth quarter worth $329,000. Vestcor Inc purchased a new stake in Patterson Companies during the fourth quarter valued at about $235,000. Swiss National Bank grew its stake in shares of Patterson Companies by 6.7% during the fourth quarter. Swiss National Bank now owns 164,700 shares of the company’s stock valued at $5,083,000 after buying an additional 10,400 shares during the last quarter. Finally, Investors Research Corp increased its holdings in shares of Patterson Companies by 18.0% in the fourth quarter. Investors Research Corp now owns 16,525 shares of the company’s stock worth $510,000 after buying an additional 2,525 shares during the period. Institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

PDCO stock opened at $31.20 on Tuesday. The firm has a 50-day moving average of $31.05 and a 200 day moving average of $26.30. 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 company has a market cap of $2.76 billion, a P/E ratio of 18.25, a PEG ratio of 2.71 and a beta of 0.99. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. StockNews.com initiated coverage on shares of Patterson Companies in a report on Wednesday, March 19th. They set a “hold” rating for the company. Piper Sandler cut their price target on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Mizuho assumed coverage on shares of Patterson Companies in a research note on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Leerink Partners reissued a “market perform” rating and issued a $31.35 target price (up from $29.00) on shares of Patterson Companies in a research note on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Patterson Companies currently has an average rating of “Hold” and an average price target of $26.57.

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.