Gabelli Funds LLC Buys 98,150 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Gabelli Funds LLC increased its stake in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,150 shares of the company's stock after acquiring an additional 98,150 shares during the quarter. Gabelli Funds LLC owned approximately 0.25% of Patterson Companies worth $6,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in PDCO. Guggenheim Capital LLC raised its holdings in Patterson Companies by 137.3% in the 4th quarter. Guggenheim Capital LLC now owns 42,989 shares of the company's stock worth $1,327,000 after purchasing an additional 24,872 shares in the last quarter. Mariner LLC bought a new position in Patterson Companies in the fourth quarter worth about $520,000. Barclays PLC lifted its holdings in Patterson Companies by 6.7% in the fourth quarter. Barclays PLC now owns 176,752 shares of the company's stock worth $5,455,000 after buying an additional 11,037 shares during the period. SageView Advisory Group LLC purchased a new position in shares of Patterson Companies during the 4th quarter worth approximately $216,000. Finally, Summit Investment Advisors Inc. raised its position in shares of Patterson Companies by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,242 shares of the company's stock worth $254,000 after acquiring an additional 363 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Patterson Companies Price Performance

Patterson Companies stock remained flat at $31.33 during mid-day trading on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $31.15 and a 200-day moving average of $27.78. 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. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Patterson Companies in a research note on Sunday. They set a "hold" rating for the company. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.