Jefferies Group LLC Reiterates Hold Rating for Owens & Minor, Inc. (NYSE:OMI)
Owens & Minor, Inc. (NYSE:OMI)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a research report issued on Friday. They currently have a $36.00 target price on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 13.10% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, TheStreet lowered shares of Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.00.
Owens & Minor (NYSE:OMI) traded up 0.57% on Friday, reaching $31.83. The company’s stock had a trading volume of 343,432 shares. The stock has a 50 day moving average price of $32.07 and a 200-day moving average price of $34.37. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 18.92 and a beta of 1.01. Owens & Minor has a 1-year low of $30.43 and a 1-year high of $38.28.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.01. Owens & Minor had a net margin of 1.08% and a return on equity of 12.28%. The business had revenue of $2.33 billion during the quarter. Equities analysts predict that Owens & Minor will post $1.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Tuesday, June 13th. Owens & Minor’s dividend payout ratio is 60.95%.
In other Owens & Minor news, Director Craig R. Smith sold 20,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $33.79, for a total transaction of $675,800.00. Following the completion of the transaction, the director now owns 25,753 shares of the company’s stock, valued at approximately $870,193.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Erika T. Davis sold 9,317 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the transaction, the senior vice president now directly owns 63,979 shares of the company’s stock, valued at approximately $2,063,962.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,848 shares of company stock valued at $1,089,762. Company insiders own 1.68% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Owens & Minor by 8,301.0% in the first quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock worth $256,840,000 after buying an additional 7,334,707 shares in the last quarter. AJO LP raised its position in Owens & Minor by 4,979.9% in the fourth quarter. AJO LP now owns 1,516,869 shares of the company’s stock worth $54,577,000 after buying an additional 1,487,009 shares in the last quarter. Norges Bank purchased a new position in Owens & Minor during the fourth quarter worth $34,271,000. JPMorgan Chase & Co. raised its position in Owens & Minor by 136.5% in the first quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock worth $55,705,000 after buying an additional 929,196 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Owens & Minor by 770.6% in the first quarter. Point72 Asset Management L.P. now owns 723,500 shares of the company’s stock worth $25,033,000 after buying an additional 640,400 shares in the last quarter. 98.30% of the stock is owned by hedge funds and other institutional investors.
About Owens & Minor
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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