Polar Asset Management Partners Inc. Purchases Shares of 200,000 Patterson Companies, Inc. (NASDAQ:PDCO)

Polar Asset Management Partners Inc. purchased a new stake in Patterson Companies, Inc. (NASDAQ:PDCO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company’s stock, valued at approximately $6,172,000. Polar Asset Management Partners Inc. owned approximately 0.23% of Patterson Companies as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. bought a new stake in shares of Patterson Companies during the fourth quarter worth approximately $26,000. Huntington National Bank increased its position 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 acquiring an additional 391 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Patterson Companies by 501.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock worth $58,000 after acquiring an additional 1,570 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Patterson Companies by 779.7% during the fourth quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock worth $63,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Islay Capital Management LLC acquired a new position in Patterson Companies during the fourth quarter worth $67,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Patterson Companies in a report on Wednesday. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Patterson Companies has a consensus rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $31.33 on Friday. The stock 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. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The company has a fifty day moving average price of $31.23 and a two-hundred day moving average price of $28.98. Patterson Companies, Inc. has a one year low of $19.45 and a one year high of $31.79.

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.