Vanguard Group Inc. lowered its stake in Owens & Minor, Inc. (NYSE:OMI) by 32.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,755,299 shares of the company’s stock after selling 2,316,978 shares during the period. Vanguard Group Inc. owned 7.55% of Owens & Minor worth $15,217,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in OMI. Renaissance Technologies LLC boosted its holdings in Owens & Minor by 123.1% in the second quarter. Renaissance Technologies LLC now owns 826,550 shares of the company’s stock valued at $2,645,000 after acquiring an additional 456,100 shares in the last quarter. BlackRock Inc. boosted its holdings in Owens & Minor by 1.7% in the second quarter. BlackRock Inc. now owns 9,353,164 shares of the company’s stock valued at $29,931,000 after acquiring an additional 153,546 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Owens & Minor by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 1,227,828 shares of the company’s stock valued at $3,929,000 after acquiring an additional 130,765 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Owens & Minor by 132.0% in the second quarter. Commonwealth Bank of Australia now owns 138,300 shares of the company’s stock valued at $442,000 after acquiring an additional 78,700 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Owens & Minor by 37.1% in the second quarter. Systematic Financial Management LP now owns 289,205 shares of the company’s stock valued at $925,000 after acquiring an additional 78,210 shares in the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.
Shares of Owens & Minor stock opened at $7.14 on Monday. The company has a current ratio of 1.68, a quick ratio of 0.84 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $458.96 million, a P/E ratio of 6.21 and a beta of 1.42. The business has a fifty day simple moving average of $6.12 and a two-hundred day simple moving average of $4.14. Owens & Minor, Inc. has a 12 month low of $2.43 and a 12 month high of $15.37.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Owens & Minor had a positive return on equity of 5.53% and a negative net margin of 2.88%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. Analysts predict that Owens & Minor, Inc. will post 0.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.002 per share. This represents a $0.01 annualized dividend and a yield of 0.11%. The ex-dividend date was Friday, September 13th. Owens & Minor’s dividend payout ratio is currently 0.87%.
Several analysts recently weighed in on the stock. Bank of America lifted their price target on shares of Owens & Minor from $4.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, September 6th. Zacks Investment Research upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Wednesday, October 9th. Finally, ValuEngine upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.25.
Owens & Minor Profile
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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