Dean Investment Associates LLC Buys 12,642 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Dean Investment Associates LLC lifted its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 30.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,773 shares of the company’s stock after purchasing an additional 12,642 shares during the period. Dean Investment Associates LLC owned 0.06% of Patterson Companies worth $1,659,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Patterson Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock worth $290,390,000 after acquiring an additional 47,897 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Patterson Companies by 24.1% during the 4th quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock worth $83,662,000 after purchasing an additional 527,054 shares during the last quarter. Equity Investment Corp raised its holdings in shares of 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 purchasing an additional 289,295 shares during the period. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 245,376 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in 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 worth $44,924,000 after purchasing an additional 222,005 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began 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 issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.57.

Patterson Companies Price Performance

Patterson Companies stock opened at $31.33 on Friday. The stock’s fifty day moving average price is $31.14 and its two-hundred day moving average price is $27.54. The firm has a market cap of $2.77 billion, a PE ratio of 18.32, a price-to-earnings-growth 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. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79.

Patterson Companies Company 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.