First Trust Advisors LP trimmed its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 8.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,567 shares of the company’s stock after selling 13,417 shares during the period. First Trust Advisors LP owned about 0.24% of Owens & Minor worth $2,471,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Stephens Inc. AR boosted its holdings in Owens & Minor by 9.1% during the second quarter. Stephens Inc. AR now owns 45,398 shares of the company’s stock worth $759,000 after buying an additional 3,801 shares in the last quarter. Glen Harbor Capital Management LLC boosted its holdings in Owens & Minor by 47.4% during the second quarter. Glen Harbor Capital Management LLC now owns 11,928 shares of the company’s stock worth $199,000 after buying an additional 3,836 shares in the last quarter. NumerixS Investment Technologies Inc boosted its holdings in Owens & Minor by 74.6% during the second quarter. NumerixS Investment Technologies Inc now owns 11,000 shares of the company’s stock worth $189,000 after buying an additional 4,700 shares in the last quarter. Aperio Group LLC boosted its holdings in Owens & Minor by 8.1% during the second quarter. Aperio Group LLC now owns 68,689 shares of the company’s stock worth $1,148,000 after buying an additional 5,148 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in Owens & Minor by 4.6% during the third quarter. North Star Investment Management Corp. now owns 121,707 shares of the company’s stock worth $2,011,000 after buying an additional 5,321 shares in the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.
Owens & Minor stock opened at $7.61 on Friday. Owens & Minor, Inc. has a 52 week low of $7.17 and a 52 week high of $22.91. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.71 and a quick ratio of 0.88. The company has a market capitalization of $481.34 million, a P/E ratio of 4.73, a PEG ratio of 1.48 and a beta of 1.66.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Owens & Minor had a negative net margin of 1.57% and a positive return on equity of 9.50%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business posted $0.40 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that Owens & Minor, Inc. will post 1.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Friday, December 14th. Owens & Minor’s dividend payout ratio is 64.60%.
A number of analysts recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $8.50 target price on shares of Owens & Minor in a report on Friday, November 2nd. Barclays restated an “underweight” rating and set a $8.00 target price (down from $12.00) on shares of Owens & Minor in a report on Thursday, November 1st. Leerink Swann set a $9.00 target price on shares of Owens & Minor and gave the stock a “hold” rating in a report on Wednesday, October 31st. Finally, Bank of America cut shares of Owens & Minor from a “buy” rating to a “neutral” rating in a report on Wednesday, October 31st. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Owens & Minor has a consensus rating of “Sell” and an average target price of $12.90.
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Owens & Minor Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.
See Also: Intrinsic Value
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