American Century Companies Inc. Grows Position in Patterson Companies, Inc. (NASDAQ:PDCO)

American Century Companies Inc. raised its position in Patterson Companies, Inc. (NASDAQ:PDCO) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,711,030 shares of the company’s stock after buying an additional 527,054 shares during the quarter. American Century Companies Inc. owned approximately 3.07% of Patterson Companies worth $83,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Patterson Companies in the 4th quarter valued at $18,316,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Patterson Companies in the third quarter valued at about $11,183,000. Alpine Associates Management Inc. acquired a new stake in shares of Patterson Companies during the fourth quarter worth about $10,581,000. Equity Investment Corp grew its holdings in shares of Patterson Companies by 16.6% during the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock worth $62,614,000 after buying an additional 289,295 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on PDCO shares. Stifel Nicolaus decreased their price objective on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. Piper Sandler lowered their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Robert W. Baird upped their price objective on shares of 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 research note on Wednesday, March 19th. They issued a “hold” rating for the company. Finally, Leerink Partnrs lowered shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Stock Up 0.1 %

Shares of NASDAQ PDCO opened at $31.20 on Tuesday. 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 firm has a 50-day moving average price of $31.05 and a 200 day moving average price of $26.30. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.79. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99.

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.