Patterson Companies, Inc. (NASDAQ:PDCO) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,570 shares of the company's stock after acquiring an additional 28,528 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of Patterson Companies worth $4,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Patterson Companies by 0.5% during the 4th 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. lifted its position in shares of Patterson Companies by 24.1% during the fourth 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 in the last quarter. Equity Investment Corp boosted its stake in shares of Patterson Companies by 16.6% in the fourth 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. grew its holdings in Patterson Companies by 15.8% during 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Patterson Companies by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company's stock worth $44,924,000 after buying an additional 222,005 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Price Performance

PDCO stock remained flat at $31.33 during trading on Friday. The firm has a market capitalization of $2.77 billion, a PE ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a 1-year low of $19.45 and a 1-year high of $31.79. The company's fifty day moving average is $31.17 and its two-hundred day moving average is $27.91. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Patterson Companies in a research note on Sunday, April 20th. They issued a "hold" rating on the stock. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $26.57.

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.