Russell Investments Group Ltd. Sells 5,098 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Russell Investments Group Ltd. lowered its stake in Patterson Companies, Inc. (NASDAQ:PDCO) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,583 shares of the company’s stock after selling 5,098 shares during the period. Russell Investments Group Ltd.’s holdings in Patterson Companies were worth $1,993,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new stake in shares of Patterson Companies in the 4th quarter worth about $26,000. Huntington National Bank raised its stake in Patterson Companies by 54.0% in the fourth quarter. Huntington National Bank now owns 1,115 shares of the company’s stock worth $34,000 after buying an additional 391 shares in the last quarter. GAMMA Investing LLC raised its stake in Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after buying an additional 680 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in Patterson Companies by 20.5% in the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after buying an additional 400 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Patterson Companies during the 3rd quarter valued at approximately $65,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Patterson Companies in a research report on Saturday, April 12th. They issued a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Patterson Companies presently has a consensus rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Stock Performance

Patterson Companies stock opened at $31.33 on Friday. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The business’s fifty day simple moving average is $31.14 and its two-hundred day simple moving average is $27.61. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

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.