Baird Financial Group Inc. Sells 1,540 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Baird Financial Group Inc. reduced its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 9.4% during the fourth quarter, HoldingsChannel reports. The fund owned 14,862 shares of the company’s stock after selling 1,540 shares during the quarter. Baird Financial Group Inc.’s holdings in Patterson Companies were worth $459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Patterson Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock valued at $290,390,000 after acquiring an additional 47,897 shares during the period. American Century Companies Inc. raised its stake in Patterson Companies by 24.1% in the 4th quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock valued at $83,662,000 after acquiring an additional 527,054 shares during the period. Equity Investment Corp raised its stake in Patterson Companies by 16.6% in the 4th quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock valued at $62,614,000 after acquiring an additional 289,295 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Patterson Companies by 15.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after acquiring an additional 245,376 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Patterson Companies by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company’s stock valued at $44,924,000 after buying an additional 222,005 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Patterson Companies Stock Performance

Shares of PDCO opened at $31.33 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $31.23 and its 200-day moving average price is $28.98. The stock has a market cap of $2.77 billion, a PE ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a twelve month low of $19.45 and a twelve month high of $31.79.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Patterson Companies in a research report on Wednesday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Patterson Companies has an average rating of “Hold” and an average price target of $26.57.

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.