Patterson Companies (NASDAQ:PDCO) Now Covered by StockNews.com

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

Patterson Companies Price Performance

Shares of PDCO opened at $31.33 on Monday. Patterson Companies has a one year low of $19.45 and a one year high of $31.79. The company has a market cap of $2.77 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. 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 firm has a 50 day simple moving average of $31.18 and a two-hundred day simple moving average of $28.17.

Institutional Investors Weigh In On Patterson Companies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Curat Global LLC acquired a new position in shares of Patterson Companies in the first quarter worth approximately $25,000. Harbour Investments Inc. acquired a new position in shares of Patterson Companies in the fourth quarter worth approximately $26,000. Huntington National Bank lifted its stake in shares of 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 acquiring an additional 391 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 680 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Patterson Companies by 501.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock worth $58,000 after acquiring an additional 1,570 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

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.