Credit Industriel ET Commercial Invests $1.39 Million in Patterson Companies, Inc. (NASDAQ:PDCO)

Credit Industriel ET Commercial purchased a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,000 shares of the company's stock, valued at approximately $1,389,000. Credit Industriel ET Commercial owned about 0.05% of Patterson Companies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. acquired a new position in Patterson Companies during the fourth quarter worth $26,000. Huntington National Bank grew its position in shares of Patterson Companies by 54.0% during the 4th quarter. Huntington National Bank now owns 1,115 shares of the company's stock worth $34,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC increased its stake in Patterson Companies by 103.0% during the 4th 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. Anchor Investment Management LLC increased its position in shares of 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 purchasing an additional 400 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Patterson Companies by 501.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company's stock valued at $58,000 after buying an additional 1,570 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Patterson Companies Stock Performance

Shares of PDCO stock remained flat at $31.33 on Tuesday. The firm 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. The business has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $28.17. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Patterson Companies, Inc. has a 52-week low of $19.45 and a 52-week high of $31.79.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Patterson Companies in a research note on Monday. They issued a "hold" rating on the stock. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.57.

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.