Everence Capital Management Inc. acquired a new stake in Owens & Minor, Inc. (NYSE:OMI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,720 shares of the company’s stock, valued at approximately $93,000.
Several other large investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund boosted its holdings in Owens & Minor by 3.9% during the 4th quarter. Texas Permanent School Fund now owns 40,748 shares of the company’s stock worth $258,000 after acquiring an additional 1,537 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Owens & Minor by 36.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 17,581 shares of the company’s stock worth $111,000 after purchasing an additional 4,700 shares during the period. FMR LLC raised its stake in shares of Owens & Minor by 159,300.0% during the 4th quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after purchasing an additional 4,779 shares during the period. Legal & General Group Plc raised its stake in shares of Owens & Minor by 2.4% during the 4th quarter. Legal & General Group Plc now owns 210,066 shares of the company’s stock worth $1,330,000 after purchasing an additional 5,012 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Owens & Minor by 6.1% during the 4th quarter. Arizona State Retirement System now owns 95,894 shares of the company’s stock worth $607,000 after purchasing an additional 5,493 shares during the period. Institutional investors own 90.39% of the company’s stock.
OMI has been the topic of a number of recent analyst reports. ValuEngine cut Owens & Minor from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Bank of America reiterated a “neutral” rating and set a $4.50 target price (down from $7.00) on shares of Owens & Minor in a research note on Wednesday, April 10th. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Barclays restated a “sell” rating and issued a $5.00 price objective on shares of Owens & Minor in a research note on Thursday, February 21st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $7.00 price objective on shares of Owens & Minor in a research note on Thursday, February 21st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.21.
Owens & Minor stock traded down $0.08 during midday trading on Friday, reaching $2.81. The stock had a trading volume of 1,133,272 shares, compared to its average volume of 1,599,068. Owens & Minor, Inc. has a 12 month low of $2.61 and a 12 month high of $19.16. The stock has a market capitalization of $176.85 million, a P/E ratio of 2.44, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.89 and a current ratio of 1.75.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). Owens & Minor had a negative net margin of 4.63% and a positive return on equity of 6.92%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that Owens & Minor, Inc. will post 0.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, June 13th. Owens & Minor’s dividend payout ratio is presently 0.87%.
About Owens & Minor
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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