StockNews.com Begins Coverage on Patterson Companies (NASDAQ:PDCO)

Research analysts at StockNews.com began coverage on shares of Patterson Companies (NASDAQ:PDCO - Get Free Report) in a research report issued on Sunday. The brokerage set a "hold" rating on the stock.

Patterson Companies Price Performance

Shares of Patterson Companies stock remained flat at $31.33 on Friday. 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 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 has a 12 month low of $19.45 and a 12 month high of $31.79. The business has a 50-day simple moving average of $31.16 and a 200-day simple moving average of $27.83.

Institutional Trading of Patterson Companies

A number of institutional investors have recently bought and sold shares of the business. TrueMark Investments LLC bought a new position in Patterson Companies during the 1st quarter worth $5,317,000. Abundance Wealth Counselors increased its stake in Patterson Companies by 58.9% in the first quarter. Abundance Wealth Counselors now owns 35,621 shares of the company's stock valued at $1,113,000 after acquiring an additional 13,199 shares during the last quarter. Steel Grove Capital Advisors LLC increased its stake in Patterson Companies by 254.8% in the first quarter. Steel Grove Capital Advisors LLC now owns 58,917 shares of the company's stock valued at $1,841,000 after acquiring an additional 42,309 shares during the last quarter. Abound Wealth Management acquired a new position in Patterson Companies during the first quarter valued at approximately $78,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Patterson Companies during the first quarter worth $315,000. Institutional investors own 85.43% of the company's stock.

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.