Guggenheim Capital LLC Acquires 24,872 Shares of Patterson Companies, Inc. (NASDAQ:PDCO)

Guggenheim Capital LLC increased its position in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 137.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,989 shares of the company's stock after acquiring an additional 24,872 shares during the period. Guggenheim Capital LLC's holdings in Patterson Companies were worth $1,327,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PDCO. Harbour Investments Inc. acquired a new stake in shares of Patterson Companies in the 4th quarter valued at about $26,000. Huntington National Bank lifted its holdings in shares of Patterson Companies by 54.0% during the fourth quarter. Huntington National Bank now owns 1,115 shares of the company's stock worth $34,000 after purchasing an additional 391 shares during the period. GAMMA Investing LLC raised its position 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 buying an additional 680 shares during the last quarter. Anchor Investment Management LLC boosted its holdings 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 valued at $51,000 after acquiring an additional 400 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Patterson Companies by 501.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company's stock valued at $58,000 after purchasing an additional 1,570 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Patterson Companies in a report on Sunday, April 20th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.57.

Patterson Companies Stock Performance

Shares of NASDAQ:PDCO remained flat at $31.33 during trading on Friday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The firm has a fifty day simple moving average of $31.17 and a 200 day simple moving average of $28.10. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. 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 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.