Shares of Owens & Minor, Inc. (NYSE:OMI) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $31.10.

A number of research analysts have recently weighed in on OMI shares. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price (down from $36.00) on shares of Owens & Minor in a report on Wednesday, August 9th. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Robert W. Baird raised Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Friday, September 1st. Finally, UBS AG reaffirmed a “sell” rating and set a $29.50 target price (down from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oak Associates Ltd. OH grew its holdings in Owens & Minor by 2.7% in the second quarter. Oak Associates Ltd. OH now owns 114,200 shares of the company’s stock valued at $3,676,000 after purchasing an additional 3,000 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Owens & Minor in the second quarter valued at approximately $386,000. Public Employees Retirement System of Ohio acquired a new stake in Owens & Minor in the second quarter valued at approximately $479,000. Dean Capital Management grew its holdings in Owens & Minor by 100.8% in the second quarter. Dean Capital Management now owns 132,465 shares of the company’s stock valued at $4,264,000 after purchasing an additional 66,485 shares during the period. Finally, Security National Bank of SO Dak grew its holdings in Owens & Minor by 7.4% in the second quarter. Security National Bank of SO Dak now owns 16,499 shares of the company’s stock valued at $532,000 after purchasing an additional 1,135 shares during the period. 97.76% of the stock is currently owned by institutional investors.

Owens & Minor (NYSE:OMI) traded up 0.64% during midday trading on Friday, hitting $28.50. The company’s stock had a trading volume of 680,048 shares. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 18.13 and a beta of 1.04. Owens & Minor has a one year low of $26.91 and a one year high of $37.02. The company’s 50-day moving average is $28.30 and its 200 day moving average is $31.85.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.38 billion. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. On average, analysts predict that Owens & Minor will post $1.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is 65.19%.

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Owens & Minor Company Profile

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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